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Saudi Aramco



Just a quick one that can be useful when teaching about big tech companies, but also just useful context to broaden perspectives about successful firms. The infographic from Chartr would work well for some quick quantitative skill practice. Possible questions include:

  1. What was the percentage increase in net profit from Q1 to Q2 in 2020?

  2. What was the ratio of net profit in Q1 2020 to Q1 2022?

  3. What fraction of the net profit in Q4 2021 was the net profit in Q1 2020?

  4. Calculate the mean net profit for Saudi Aramco for the year 2020.

  5. What is the median net profit for Saudi Aramco for the year 2021?

  6. By what percentage did the net profit increase from Q4 2020 to Q1 2021?

  7. How much more net profit did Saudi Aramco make in Q2 2022 compared to Microsoft in the same quarter?

  8. What was the ratio of Saudi Aramco's Q2 2022 net profit to Apple's net profit in the same quarter?

  9. What fraction of Saudi Aramco's Q2 2022 net profit was Tesla's net profit in the same quarter?

  10. Calculate the mean net profit of Saudi Aramco for the first two quarters of 2022.

  11. By what percentage did the net profit of Saudi Aramco change from Q4 of 2021 to Q1 of 2022?

  12. What was the total net profit of Saudi Aramco for the year 2021?

  13. What was the ratio of the net profit of Saudi Aramco in Q2 2022 to its profit in the same quarter of the previous year?

  14. By what percentage is Saudi Aramco's Q2 2022 net profit larger than the sum of the Q2 2022 net profits of Microsoft, Apple, Meta, and Tesla?

Answers:

  1. -58.82%

  2. 0.44

  3. 0.53

  4. $12.5 billion

  5. $27.5 billion

  6. 57.14%

  7. $31.3 billion

  8. 2.47

  9. 0.048

  10. $43.5 billion

  11. 21.88%

  12. $109 billion

  13. 1.92

  14. 6.43% Alternatively, standard go-to questions to ask with data would work well here. This might be a series of smaller questions (What Economic concepts does this data relate to? Can you see any trends? Any outliers? What are the possible causes/effects? How might this data useful to Economists? What doesn't this data tell us?) or the bigger 'What is interesting about this data to an Economist?' question.


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