Aramco oil company net worth
But on Monday, Saudi Aramco opened its books, revealing that it generated $111.1 billion in net income last year, making it probably the world’s most profitable company by far. A month ago, I did a very rough calculation of what Aramco might be worth, using a smorgasbord of assumptions. At $80 a barrel, 11 million barrels of crude oil a day, $40 billion of annual capital expenditure, and a 7 percent free cash flow yield, I got a valuation of just under $1.5 trillion.