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A comment on Saudi Aramco Is World’s Most Profitable Company, Far Exceeding Apple. Parent comment

Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by forkLding on Monday April 01, 2019 @01:37PM (#19545861)
Nationalized, crown or state-owned corporations are still corporations. The fact that they get large govt. subsidies or discounts (if they do, some don't) is part of the deal. Nationalized corporations also have their downsides like frequent government/bureaucratic interventions that make no business sense and having to fork a lot of revenue for governmental purposes when needed. You can find a lot of nationalized corporations that don't do so well or are essentially failing.

As quoted: “Aramco is wholly-owned by the state and is expected to remain largely under government ownership even after any potential IPO in the future,” Akbar added. “While there is a clear track record of Aramco having been run as a commercially independent company, the government’s budget is highly reliant upon contributions from Aramco in the form of royalties, taxes and dividends.” in below article:

https://www.cnbc.com/2019/04/01/saudi-aramco-made-111-billio...

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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by Not_a_pizza on Monday April 01, 2019 @01:46PM (#19545965)
You might as well label the Fed a corporation officially then, and do a real compare and contrast.
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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by GCA10 on Monday April 01, 2019 @01:56PM (#19546092)
If I'm reading this correctly, the Fed and its member banks had $49 billion of net income through the first nine months of 2018, before remittances to the U.S. Treasury.

https://www.federalreserve.gov/aboutthefed/2018-september-fe...

Very nice showing. If you annualize the Fed's nine-month rate, it's probably slightly ahead of Apple's money-making rate, which is the best in the U.S. corporate sector. (Apple reported $59 billion in net income for the full year ended Sept. 29, 2018.)

Even so, the Fed can't quite crank out profits at an Aramco tempo.

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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by Not_a_pizza on Monday April 01, 2019 @05:22PM (#19548397)
The Fed is effectively pulling money out of thin air, and profit sharing with it's largest partners - big banks, something which Saudi Aramco is both unable and unwilling to accomplish.
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Re:Saudi Aramco Is World’s Most Profitable Company, Far Exce... by MagnumOpus on Tuesday April 02, 2019 @02:38AM (#19551578)
98% of Fed profits go directly to the Federal Government treasury, not big banks.
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