DUBAI, United Arab Emirates—Saudi Aramco’s net profits reached $111 billion last year, according to an assessment published April 1 by Moody’s Investors Services that offered a rare glimpse into the state-owned oil firm’s finances before it issues its first bonds in international markets.
That places Aramco ahead of some of the world’s most profitable firms. By contrast, Apple booked a net profit of about $60 billion in its last full year, Royal Dutch Shell had net income of $23 billion and Exxon Mobil $21 billion.
