Saudi oil giant Aramco sees half-year earnings climb to $47B

FILE - In this June 28, 2021, file photo, Saudi Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant, which is designed to process 4.0 billion standard cubic feet per day of sweet gas, a natural gas that does not contain significant amounts of hydrogen sulfide, in Hawiyah, in the Eastern Province of Saudi Arabia. Aramco, announced Sunday, Aug.

This puts Aramco back squarely where it was before the pandemic struck and sunk earnings to $23.3 billion in the first six months of 2020. The majority state-owned oil company said net income for the second quarter was $25.46 billion compared to the dramatic figure of just $6.6 billion last year. This quarter’s figure is slightly higher than the $24.7 billion it earned in the second quarter of 2019, before the coronavirus.

Some people can't see binned their noses, Saudi Arabia is a country where is the future going to be. We are building our country to the next generation. Incase you don't like it go to hell..

أعلنت شركة أرامكو_السعودية المنتجة العملاقة للنفط ، عن صافي دخل بنحو 47 مليار دولار للنصف الأول من العام. وهذا ضعف ما حققته في نفس الفترة من العام الماضي عندما تسبب فيروس_كورونا_المستجدّ ، في وقف السفر وأدى إلى تراجع الطلب العالمي على النفط.

USA is the largest producer of Oil too, it can build up more inventory and offset the prices and pressure OPEC to keep supply. Just because pandemic happened and they lost some money doesn’t mean they can loot people. Govt has failed in taming the inflation.

One of, if not America’s largest oil companies in Exxon Mobil only has a net income of roughly 4.69B. (June 21)

And we have the gas prices to prove it!

just about the same time biden caused our gas prices to skyrocket.

Turds.

More resources to conduct more mayhem and promote barbaric sharia laws.

So many countries shut down and Biden take our oil industry and gives it away to another country and these guys boast about profits. Wow. News media sucks and you all are a big part of the problem.

A large percentage of those profits should be reinvested back into the communities that made it happen in the USA, corporate responsibility.

Gee wonder why….

Mainly thanks to futures.... Oil will always attract investors, especially when it's 'cheap'...

Of course, they are going along with every other huge manufacturing company around the world and price gouging the hell out of everyone who needs their products!!

Meanwhile, NNPC in Nigeria is claiming they are running at loss, can’t pay into federation account.

Meanwhile, NNPC here in Nigeria, is BUSY DOING NOTHING.

I find this hard to believe as oil industry generally took a heavy hit

Saudi Arabia is not dependent on his oil in 21st century.

And this net income profits just ONE family. The king's.

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