JAMIE CARR: Aramco keeps printing cash like there’s no tomorrow
Saudi Arabia’s oil juggernaut ploughs on relentlessly and seemingly oblivious to the royal household’s ignoble human rights record
16 November 2023 - 05:00
Saudi Aramco: Slick and slay
The world’s third-largest company would be way ahead of the pack in any assessment of global ESG pariahs; not only does it pump almost 10% of the world’s oil supply, it also functions as the money tap for a regime with a noble track record of carving up journalists and an attitude to human rights that would have attracted an approving nod from Genghis Khan and his Mongol horde. Yet it’s extremely good at printing money, beating expectations with a profit of $32.6bn for the quarter to end-September. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.