Aramco is ahead of Apple as the world's most profitable company

DUBAI-Saudi Aramco amounted to $ 111 billion in net income last year, according to the rating agency Moody & # 39; s Investors Service, which makes the oil and gas company the most profitable company in the world.

Moody's & Fitch Ratings published snapshots of Aramco's financials on Monday as they reviewed the oil company ahead of a $ 10 billion Aramco bond sale expected as soon as the week. Aramco plans to publish accounts for the first time via a bond prospectus, and use the issue to fund the acquisition of a stake in Saudi Arabia …