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Exclusive: Aramco makes relatively little from foreign refining - documents

Reuters Friday, 18 October 2019
Documents from Saudi Aramco show that the world's largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment.
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Saudi Aramco Saudi Aramco Saudi Arabian petroleum and natural gas company

Apple Hits $2-Trillion Market Cap [Video]

Apple Hits $2-Trillion Market Cap

Apple just became the first US-listed company to reach a $2 trillion market capitalization. Apple shares rose 1.2% to an all-time high of $467.84 per share on Wednesday to reach the $2-trillion milestone. Oil giant Saudi Aramco is the only other publicly listed company to ever hit a $2 trillion market value. Apple recently announced its fifth stock split in an effort to appeal to a broader base of investors. Business Insider reports Apple is set to enact a 4-for-1 split of its shares next Monday.

Credit: Wochit News    Duration: 00:28Published
Apple Is The World's Most Valuable Company [Video]

Apple Is The World's Most Valuable Company

On Thursday, Apple released a blockbuster earnings report. On Friday, Apple shares surged as much as 7%. Apple's market capitalization briefly overtook Saudi Aramco's on Friday, dethroning the oil giant as the most valuable company in the world. Apple's market value at $1.762 trillion. Apple's recent tear has sent shares up roughly 39% year-to-date. The company also on Thursday announced a 4-1 stock split, which it said would help it appeal to a broader range of investors.

Credit: Wochit News    Duration: 00:34Published

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