Nobody's had sour grapes comment about Q2 $25.5bn profit yet?
14 replies (most recent on top)
That will go a long way into building infrastructure LOL
I have often wished that I had kept a journal of the day to day hilarity of events that occurred to myself and others while in KSA. I think it could have been a massively successful sitcom.
@5ihg+1ci4GFDX and @5ihg+1ci4GFDX
It seems we have just bumped into the next Saudi Seinfeld and Dave Chappelle.
You know what I never checked out on local TV? If there was a "Saudi Arabia's got Talent"?
Oh wait! There actually is one, it's called Aramco.
You will enjoy a vast collection of drama and comedy in one place.
You have exhibited 'E+' or maybe even 'S' work with that post.
The Company’s efficient management style is flexing its professional business acumen muscles to guide young locals within the organization to improve the fully-implemented Operational Excellence Program. These younger professionals will heavily their time in a Process Improvement Program. The combination of efforts will greatly enhance the profitability of the Company. Just look at the success these young locals have already achieved.
It's simple stupid. Oil prices increase and oil producers make more profit. Same applies to Natural gas. The future big gains are coming from North America Natural gas. Prices could jump from $4/mmbtu to over $8/mmbtu winter 2021.
@1wur+1ci4GFDX
You forgot to say how benevolent and forward looking management is.
😂🤣🤣🤣
@1wur+1ci4GFDX
I didn't realize Aramco hired comedians. That's funny stuff! Your joke about OE had me rolling on the floor. But after reading about the young Saudi's replacing the expats, I am laughing so hard I pi---d myself. Next can you tell us about how hard working aand intelligent the Saudi's are?
Increased profits are due, in large part, to the young Saudi professionals’ implementation of the highly-successful Operational Excellence Program. This program completely-eliminates the need for US expats on the cost-prohibitive, older pay and benefits plan.
So we are supposed to cheer when the Saudi's drive the price of oil up but sit on our hands when they do something as id--tic as driving the price below zero? And for their id--tic decision, they decide to layoff thousands of people who moved across the world to work for them....not to mention the thousands of people who lost their jobs in the industry. Sure buddy.....clap clap clap for the tribal id--ts.
Is simply a result of increased demand post lockdowns.
While that accounting might be true, the big question is: How is it going to be allocated?
Nobody believes the accounting.
No. The profit is good. But is that related to operational efficiencies? Or external factors? Saudi Aramco dividend yield also lags major IOCs.