OREANDA-NEWS. The world's largest oil company Saudi Aramco for the first time disclosed financial performance in anticipation of the placement of dollar bonds.

Last year, the company's net profit amounted to $ 111 billion, with total revenues of $ 355.9 billion, and EBITDA - $ 223.8 billion.

Net profit of oil company Saudi Aramco surpasses the total profits of Apple, Alphabet (parent company of Google) and ExxonMobil.

At the moment, nearly half earned operating profit ($212,9 billion), Saudi Aramco pays in taxes to the state. For 2018, the company paid $101 billion.

Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.

Saudi Aramco's revenue in 2018 increased by 35% after rising oil prices, the prospectus says. The company received 56.4% of the revenue from the sale of oil, the rest from gas chemistry and oil refining. Cumulatively, the extraction and development of oil and gas projects brought the company 61% of revenue, and refining 61%.

From 2003 to 2018, Saudi Aramco significantly increased gas production - from 92.7 billion cubic meters. m per year to 155.03 billion cubic meters. m, according to the prospectus. This is a third of the production of Gazprom. The company will continue to increase gas production in the next few years to meet growing demand in the region, the prospectus said.