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Oil giant Saudi Aramco makes a historic $161B profit in 2022

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Oil giant Saudi Aramco makes a historic $161B profit in 2022

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of...

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russia ukraine united arab emirates aramco saudi oil war saudi arabia finance news

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Oil giant Saudi Aramco makes a historic $161B profit in 2022

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Oil giant Saudi Aramco makes a historic $161B profit in 2022

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