Saudi Aramco, the world’s largest oil exporter, is no longer the world’s most profitable company.After a pandemic year that slashed fossil fuel prices—and drove up demand for consumer technology—that distinction now falls to Apple. The iPhone maker netted $57.4 billion in its 2020 fiscal year, while the oil giant recorded a (measly for Aramco) $49 billion profit.Aramco’s annual profit dropped 44% in a topsy-turvy 2020 that rewired the global economy, briefly sent oil prices below $0, and sparked a record drop in worldwide carbon emissions. Apple, meanwhile, hardly registered a blip in its steady, high margins, as homebound consumers continued to buy up iPhones, iPads, and Macs. In fact, the
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