Home » Oil giant Saudi Aramco has profits of $161B in 2022

Oil giant Saudi Aramco has profits of $161B in 2022

by Dubaiforum

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DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday it earned a $161 billion profit last year, attributing its earnings to higher crude oil prices.

The firm, known formally as the Saudi Arabian Oil Co., said in its annual report that the profit represented “its highest annual profits as a listed company.”

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