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There Are Big Companies, There Are Bigger Companies, And There Is Saudi Aramco
From:
Greg Womack -- Oklahoma Financial Adviser Greg Womack -- Oklahoma Financial Adviser
Oklahoma City, OK
Monday, August 22, 2022


There Are Big Companies, There Are Bigger Companies, And There Is Saudi Aramco
 

If you've been wondering where all the extra money you've been spending to fill up your gas tank has been going, there's a good bet at least some of it made it to Saudi Arabia's energy behemoth Saudi Aramco. Saudi Aramco isn't just big, it's huge. It announced an eye-watering $48.4 billion in net income in the second quarter alone. That's 2.5 times Apple's $19.4 billion, and exceeded the sum total of Apple, Microsoft, Meta/Facebook and Tesla combined! (Chart from chartr.co)

 

For more information, you can contact Womack at greg@womackadvisers.com or call (405) 340-1717.

 

(Sources: All index- and returns-data from Yahoo Finance; news from Reuters, Barron's, Wall St. Journal, Bloomberg.com, ft.com, guggenheimpartners.com, zerohedge.com, ritholtz.com, markit.com, financialpost.com, Eurostat,0020Statistics Canada, Yahoo! Finance, stocksandnews.com, marketwatch.com, wantchinatimes.com, BBC, 361capital.com, pensionpartners.com, cnbc.com, FactSet.)

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Name: Greg Womack
Title: President
Group: Womack Investment Advisers
Dateline: Edmond, OK United States
Direct Phone: 405-340-1717
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