stackyFACTS
Economy

Why Saudi Aramco can make billions pumping oil

HERE’S THE INTERESTING PART

It doesn't take a genius business strategy when you are sitting on an ocean of the world's most demanded resource and it costs you practically pennies to pump it out of the sand. They sneeze and make a billion dollars.

Why Saudi Aramco can make billions pumping oil
STACKY / Economy
One discovery leads to another.

Keep exploring facts in this topic.

Economy →
STACKY FOR IPHONE

A bigger world.
One discovery
at a time.

Keep discovering with Stacky. Interesting facts in an app that is always within reach.

Download on the App Store
ONE MORE DISCOVERY?

Keep exploring

All in this topic →
The oil giant that dwarfs Silicon Valley
Economy

The oil giant that dwarfs Silicon Valley

Tech bros love to brag about their trillion-dollar valuations, but the real power still lies in black sludge. Saudi Arabia's state-owned oil giant quietly…

Discover more
Saudi Aramco, the state-owned oil company of Saudi Arabia, generated a staggering one hundred sixty-one billion dollars in net income in 2022, marking the highest annual profit ever recorded by a corporate entity.
Economy

Saudi Aramco, the state-owned oil company of Saudi Arabia, generated a staggering one hundred sixty-one billion dollars in net income in 2022, marking the highest annual profit ever recorded by a corporate entity.

Saudi Aramco, the state-owned oil company of Saudi Arabia, generated a staggering one hundred sixty-one billion dollars in net income in 2022, marking the…

Discover more
Texas produces more oil than most countries
Economy

Texas produces more oil than most countries

Don't mess with Texas, mostly because their energy output dictates global markets. If the state were its own sovereign country, it would be the third-largest…

Discover more
Amazon effectively functions as a massive, world-dominating tech infrastructure company that just happens to run a notoriously unprofitable retail delivery service on the side…
Economy

Amazon effectively functions as a massive, world-dominating tech infrastructure company that just happens to run a notoriously unprofitable retail delivery service on the side…

Amazon effectively functions as a massive, world-dominating tech infrastructure company that just happens to run a notoriously unprofitable retail delivery…

Discover more
Why OnlyFans can out-earn legacy giants
Economy

Why OnlyFans can out-earn legacy giants

Turns out selling feet pics is a much better business model than flying commercial jets. The subscription platform exploded during the pandemic, operating…

Discover more
How Apple beats gaming giants without a console
Economy

How Apple beats gaming giants without a console

Despite never designing a flagship gaming console or blockbuster game, Apple absolutely dominates the gaming economy. By taking a 30% cut of all App Store…

Discover more
StackyMore discoveries in the app
Download on the App Store