Author: Arabian Media staff

Oil is a dominant source of energy worldwide and oil companies supply billions of barrels of petroleum products daily to power transportation and industry. Rising public concern about climate change and measures to reduce the use of carbon-based fuels have yet to fully impact the industry. Two of these oil and gas giants—Exxon and Shell—also fall into the category of being some of the most profitable companies in the world. These are the 10 biggest oil companies as measured by trailing 12-month (TTM) revenue. All figures are as of Aug. 24, 2025, according to Yahoo Finance. While U.S.-based companies dominate the list,…

If you’re between 55 and 64 years old, you still have time to set yourself up for a solid retirement. Whether you plan to retire early, late, or never, having an adequate amount of money saved can make all the difference. Your focus should be on building out—or catching up, if necessary. If you discover that you need to put more money away, consider these six retirement savings tips. Key Takeaways If you’re between 55 and 64, you still have time to boost your retirement savings.Start by increasing your 401(k) or other retirement plan contributions if you aren’t already maxed out.Consider…

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Owning a second home can be a great way to enjoy vacations and build long-term financial stability. However, second homes don’t offer the same tax benefits as primary residences. Without careful planning, your second home can turn into a costly tax headache. Understanding how property taxes, mortgage interest limits, rental regulations, and capital gains taxes can impact your tax bill can help you lower your tax liability and hang on to more of the wealth you’re building.  Key Takeaways Changing legislation generally impacts property tax and mortgage interest deductions for second homes.Converting a second home to a primary residence can…

Income Tax vs. Capital Gains Tax: An Overview Income taxes and capital gains taxes are both ways the government collects revenue, but they apply to very different types of income. In general, income taxes are levied on the money you earn through employment or self-employment, while capital gains taxes apply to profits made from selling a capital asset like your home, stocks, and bonds. While both affect your take-home earnings, the rules, rates, and strategies for minimizing them can vary significantly, and knowing the difference will help you better manage your finances—and potentially lower your tax bill. Key Takeaways Income…

Want to maximize the wealth you’re building without letting taxes chip away at it? When it comes to building wealth through investments, it’s not just about how much money you make but how much you keep.  Taxes can eat into your returns, but tax-efficient investing can help you hold on to more of what you’ve earned. By strategically choosing the right accounts, assets, and timing, you can maximize returns while minimizing tax liabilities.  Whether you’re new to investing or looking to optimize your strategy, understanding tax-efficient investing and making smart money moves with taxes in mind could accelerate your path…

While stable, income-producing bonds warrant a position in any diversified portfolio, there are drawbacks to owning municipal bonds, or “munis.” Though they are exempt from federal taxes and are relatively low-risk, munis are not necessarily exempt from state and local taxes. And their interest rate is typically lower than what corporate bonds offer. For these reasons and more, it’s important to do your due diligence—it’s possible that municipal bonds aren’t the right choice for you. Key Takeaways The interest you receive from muni bonds is free from federal taxes, but there may be state or local taxes or both.Your bond…

When you leave a job, you need to decide what to do with the money in your 401(k) plan. You have four options. Choose one of these: Roll over the assets into an individual retirement account (IRA) Roll over your 401(k) into a new employer’s 401(k) plan Keep your 401(k) with your former employer Cash out your 401(k) Each of these options comes with its own rules that you need to follow to make the most of your retirement savings going forward. Key Takeaways Rolling over assets into an IRA would get you more investment options than a 401(k). You…

Deciding whether or not to leave an inheritance for your children can impact the amount of money that you save, the retirement plans that you choose, and how you take qualified retirement plan distributions. However, beyond a desire that you may have to leave some wealth to your children, there are some essential personal financial issues to deal with first. Key Takeaways Whether or not you leave an inheritance for your children can impact how you save and take retirement plan distributions. Before deciding to leave an inheritance, consider important personal financial issues, including your income needs and potential healthcare…

The 401(k) plan has become the most popular type of employer-sponsored retirement plan in America since its inception in 1978. Few other plans can match the relative flexibility of the 401(k). There are rules to follow, however, because you’re getting tax breaks from the federal government in return for investing for retirement. Millions of workers depend on the money they invest in these plans to provide for them in their retirement years and, for many, it’s a key benefit of the job. Key Takeaways A 401(k) is a qualified retirement plan, which means it is eligible for special tax benefits.You…