Moody's revealed that Aramco was the most profitable company in 2018 with about $ 111 billion, which equals more than $ 300 million in daily net profit for the company. p>

According to the report, Aramco's profits are equal to those of Apple, Google and ExxonMobil combined.

For its part, Fitch reported that Saudi Aramco is the largest oil producer in the world by volume.

Al-Rajhi Capital, Mazen Al-Sudairy, head of research at Al-Rajhi Capital, Mazen Al-Sudairy, says Aramco is the most company that has spare capacity (spare capacity) in the world.

Al-Sudairy explained that Aramco has a production capacity of 12 million barrels, while it currently produces 10 million barrels.

He stressed that the company has a reserve base is the largest in the world, up to 266 million barrels, while the Exxon Mobil reserve is estimated at 20 million barrels only, and Chevron at 11.7 million Barrel.

Saudi Aramco, the world's largest oil producer, appointed banks ahead of the issuance of the first planned multi-tranche dollar bonds.

Aramco obtained a (A1) credit rating from Moody's, and (A +) from Fitch, prior to the planned bond launch.

Meetings with bond investors begin this week on a promotional tour that includes Singapore, London, Hong Kong, Tokyo, New York, Los Angeles, Boston and Chicago.

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Aramco Gets First Credit Rating Before Bond Issue