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Oil & Gas Technical Compendium

Aramco remains world’s most profitable company even as oil falls

DUBAI (Bloomberg) - Saudi Aramco showed Monday it’s still the world’s most profitable company and paid out almost all its net income in dividends despite the dwindling price of oil.Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said in its first-ever half-year earnings report. That easily outstripped corporate titans such as Apple Inc., Amazon.com Inc. and other big oil producers, many of which suffered larger declines in profit as output and crude prices fell.“We have some of the largest and most productive reservoirs on Earth,” Khalid Al-Dabbagh, senior vice president for finance, strategy and development, said in an interview. The company’s “unrivaled financial results” amid lower oil pri.....

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