news emails: Simon Dawson / Bloomberg via Getty Images file Breaking News Emails Get breaking news alerts and special reports, according to MSNBC. The news and stories that matter, delivered weekday mornings.SUBSCRIBEApril 1, 2019, 1 51 PM GMTBy Reuters Saudi Aramco, the world's biggest oil producer, made core earnings of 224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue. An employee walks past crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Previously reluctant to disclose its financials, Aramco had to reveal them in order to obtain a public rating and start issuing public international bonds. Saudi energy minister Khalid al-Falih said earlier this year the planned bond sale would raise around 10 billion, but banking sources said the transaction could be larger. Despite the huge profit, the state-owned oil giant was rated by credit agencies at par with Saudi Arabia, meaning the kingdom's sluggish economy will weigh on Aramco's cost of borrowing as it prepares its bond market debut.
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