It was a steep fall from last year’s record profit, but still enough for the company to introduce additional dividend payments and increase capital investment.
Category: Nasser, Amin H
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
The New York Times – Business:Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.
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Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In
The New York Times – Business:The bumper earnings from the world’s largest oil company were, nonetheless, a slight decline on the previous quarter.