The jump in revenues of the Saudi company is the result of the global increase in the prices of energy commodities all over the world caused by Russia’s invasion of Ukraine. At the same time, Saudi Aramco announced that thanks to this increase and improved margins from crude oil processing, it will pay shareholders $ 18.8 billion. dividends.
The most valuable company in the world invests in mining
“Energy security is key and therefore we are investing in the long term in increasing our production capacity to meet the anticipated increase in demand,” said Saudi Aramco CEO Amin Nasser. He referred to announcements from March this yearwhen informed that the company intends to increase its production capacity from 12 million barrels a day to 13 million barrels a day by 2027. To achieve this, the Saudi giant will increase its capital expenditure from $ 31.9 billion. in 2021 to the level of USD 40-50 billion. this year.
The global price increase has not only increased Saudi Aramco’s revenues, but also allowed the company to overtake Apple in the list of the most valuable companies in the world Today, the Saudi company is the undisputed leader with a capitalization of $ 2.43 trillion. 98 percent Saudi Aramco’s share is in the hands of the Saudi government.
Saudi Aramco in Poland
