Saudi Aramco says half-year net income slips to US$46.9 billion | The Malaysian Insight

Saudi Arabia plans to sell up to 5% of the world's largest energy firm and hopes to raise up to US$100 billion based on a US$2 trillion valuation of the company via an IPO late 2020 or early 2021. – EPA pic, August 12, 2019.

SAUDI energy giant Aramco said today its first half net income for 2019 slipped nearly 12% to US$46.9 billion , a first such disclosure that still reinforces its position as the world’s most profitable company. The revenue drop amid lower crude prices was reported as speculation swirled that the secretive company was preparing for its much-delayed overseas stock listing, dubbed potentially the world’s biggest.

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