S/Arabia’s Oil Company, Aramco Generates $161.1bn Profit In 2022

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S/Arabia’s Oil Company, Aramco Generates $161.1bn Profit In 2022 Business

Most of that will go to the Saudi government, which owns nearly 95 per cent of the shares in the company.

In a statement on Sunday, Aramco said, the company results were “underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products.” Aramco – the world’s second-most valuable company only behind America’s Apple – is a major emitter of greenhouse gas emissions that contribute to climate change.

 

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