Saudi Aramco’s net profit rises 46% year-on-year to record high
Saudi Arabia’s state oil company Saudi Aramco announced on March 12 that it posted a record net profit of $161.1 billion in 2022, up 46% from the previous year. Soaring energy prices, increased sales volumes, and expanded refining margins provided tailwinds. FILE PHOTO: An oil facility in Abqaiq, Saudi Arabia, December 2019. REUTERS/Maxim Shemetov DUBAI … Read more