Saudi Aramco is announced as the most profitable company in the world

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  • Saudi Aramco is announced as the most profitable company in the world
04 April 2019
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Saudi Aramco is announced as the most profitable company in the world, whilst Shell’s director of new energies shared his plans for global domination by the 2030s. In other news, LNG executives share energy efficiency plans; Australia’s 250 wealthiest are revealed; Lego owners announce their investment in solar power; and the Woman in Wind Global Leadership Program is launched.

Here is a selection of our top news stories this week:

Saudi Aramco is the most profitable company in the world. The Saudi oil company made $111 billion last year compared to Apple’s $59.4. Aramco is expected to use the profits to purchase a 70% stake in Saudi Basic Industries, a state-owned petrochemical company. Click here to read more

Woman in Wind Global Leadership Program has been launched. The Global Wind Energy Council (GWEC) and Global Women’s Network for the Energy Transition have teamed up to create a new initiative to support women to reach leadership roles. Other elements of the programme include training and mentoring; a network of mentors; and an education programme. Click here to read more

LNG executives discuss new energy plans. At the LNG 2019 conference in Shanghai, gas bosses addressed the need for the industry to focus on energy efficiency with Woodside Petroleum’s chief executive stating, ‘we need to show others why a lower carbon world needs LNG’. Click here to read more

The Women in Wind program will create dedicated training and mentoring for women in the wind industry, a network of mentors among leading women in the sector and education programme.

Shell could be the top power company by the 2030s. At the Bloomberg New Energy Finance Summit, Maarten Wetselar, director of new energies division, shared plans to move towards lower-carbon energy resources. Despite suggestions of ‘greenwashing’, Shell are spending up to $2 billion a year on cleaner energy.  Click here to read more

Australia’s 250 wealthiest revealed in a list by The Weekend Australian. Seventeen on the list made their money in the mining industry. Placed at number two overall, Gina Rinehart, Hancock Prospecting, topped the mining sector with $13.12 billion. Andrew Fortescue (Fortescue Metal Groups) and Ivan Glasenberg (Glencore) are in the top ten with $7.34 billion and $6.76 billion respectively. Click here to read more

Lego owners announce investment in solar power. Kirkbi own a 75% stake of the Lego group and have reached an agreement to invest in Enerparc Inc. In recent years, Kirkbi have focused on renewable energy, including creating Lego pieces out of sustainable plastic. Kirkbi’s chief executive officer, Thomas Lau Schleicher, described the move to invest in Enerparc as a ‘unique opportunity’. Click here to read more

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