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Buckle up, because Saudi Aramco’s wealth is so massive it’ll leave you speechless! This isn’t just a company—it’s a money-making juggernaut that makes billionaires look like they’re scraping by. As Saudi Arabia’s state-owned oil and gas titan, Aramco powers the kingdom’s economy and rules the global energy game. Let’s dive into the jaw-dropping numbers and assets that make Aramco a financial beast!
In 2023, Aramco pulled in a net profit of $121.3 billion—yep, billion! That’s more than the entire economy of countries like Sri Lanka or Serbia. Even when profits dipped 25% from 2022’s insane $161.1 billion, it still outshone Apple and Microsoft as the world’s most profitable company. Picture this: $330 million a day in earnings!
Its market value hovers around $1.6 trillion, enough to buy Apple and Google with cash to spare. And talk about generosity—Aramco paid out $97.8 billion in dividends in 2023, with $93 billion funneled to the Saudi government and its wealth fund. That’s like tossing a billion dollars every four days to bankroll the kingdom’s wildest dreams!
But it’s not just about cash. Aramco controls 250 billion barrels of oil equivalent, the world’s second-largest proven crude oil reserves—four times more than ExxonMobil, Chevron, and other top oil giants combined! It pumps out 12.7 million barrels daily, nearly a tenth of the world’s supply. Then there’s 288.4 trillion cubic feet of natural gas reserves and the Master Gas System, the largest hydrocarbon network on the planet, fueling Saudi Arabia and beyond. Aramco runs the Ghawar Field, the biggest onshore oil field, and the Safaniya Field, the largest offshore one. These are like endless money fountains, with oil so easy to grab it’s cheaper to extract than almost anywhere else.
Aramco’s reach stretches far beyond Saudi deserts. It owns refineries, petrochemical plants, and fuel stations from Chile to Pakistan. Recently, it snapped up Chile’s Esmax fuel retailer and a 40% stake in Pakistan’s Gas & Oil Limited. It’s even teaming up with Hyundai to develop fuels for hybrid cars! And don’t sleep on its tech game—Aramco’s EXPEC Advanced Research Center uses supercomputers with over a petabyte of storage to sniff out new oil and gas. It’s also dipping into carbon capture, hydrogen, and solar to stay ahead.
The money moves are just as wild. Aramco’s profits fuel Saudi Arabia’s Vision 2030, including Neom, a $500 billion futuristic desert city straight out of a sci-fi flick. Through Saudi Arabia’s Public Investment Fund, its wealth backs stakes in Uber, Tesla, and even LIV Golf—like playing Monopoly with the world! It’s sold a 49% stake in its gas pipelines for $15.5 billion and oil pipelines for $12.4 billion, turning infrastructure into instant billions.
Tied to the Saudi royal family’s $1.4 trillion fortune, Aramco’s wealth is unreal. But here’s the big question: while it funds castles, yachts, and global power plays, could it do more for regular folks or the planet, especially with oil’s role in climate change?
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