Notes From All Over, Part 3 -- Profits -- Saudi Aramco, Apple, XOM -- November 3, 2019

Link here.

For the first half of 2019, Saudi Aramco posted a net profit of $46.9 billion, almost all of which was paid out in dividends to the Saudi state.

By comparison, for the same time period, Apple, the world's largest company by value currently, posted a net profit of $21.6 billion, and Exxon Mobil, the largest listed oil company, made $5.5bn.

That's interesting. Law of big numbers.

The prince feels Saudi Aramco should be valued at $2 trillion, with profits of $47 billion for 1H19.

Meanwhile, Apple's market cap is $1 trillion with profits about half of that $47 billion for 1Q19.

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Time To Move On

McDonald's CEO fired; accused of consensual relationship with employee. He is 52-years-old; the employee was unnamed. Not yet on Drudge? Fox News has it as a headline story.