Saudi Aramco's Financials Secrets Revealed

The transcript discusses the IPO and debt emergence, highlighting financial performance comparisons between companies like Apple and others. It delves into the profitability challenges faced due to heavy taxation by the Saudi Arabian government, which uses oil revenue to fund its programs. The discussion also touches on Saudi Arabia's economic strategy and its reliance on oil, raising questions about future financial decisions if oil prices drop.

What was the financial performance of the company last year compared to Apple?

• The company made $111 billion, while Apple made $82 billion.

• The company made $82 billion, while Apple made $111 billion.

• Both the company and Apple made $111 billion.

• Both the company and Apple made $82 billion.

Why might the company's high revenue not indicate high profitability?

• Because they have to pay high salaries to employees.

• Due to heavy taxation by the Saudi Arabian government.

• Due to high operational costs.

• Because they invest heavily in technology.

What is the main source of revenue for the Saudi government?

• Agriculture

• Oil

• Technology exports

• Tourism

What challenge does the company face in terms of diversification?

• Lack of investment opportunities

• Dependence on oil as a revenue stream

• Limited technological advancement

• High competition in the market

What potential change might occur if the company becomes public?

• Expansion into new markets

• Reduction in government taxes

• Change in fiduciary responsibilities

• Increase in oil production