5 Most Profitable Oil Stocks in the World

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1. Saudi Arabian Oil Company (TADAWUL:2222.SR)

Trailing Twelve Months Net Income: $156.74 billion

Number of Hedge Fund Holders In Q3 2022: N/A

The Saudi oil beast Saudi Arabian Oil Company (TADAWUL:2222.SR) is the largest oil company in the world, and one that is a pivotal part of the global supply chain. Aramco’s decisions on output shape the market pricing, and others are often forced to follow it.

As part of its shift to focusing on climate friendly businesses, Saudi Arabian Oil Company (TADAWUL:2222.SR) announced in February 2023 that it is backing a U.S. startup that aims to turn ammonia into hydrogen for trucks.

Disclosure: None. You can also take a peek at 15 Largest Australian Companies by Revenue and 15 Biggest Chinese State-Owned Companies.

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