Saudi Aramco reports record profit of $161.1 billion in 2022

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion (£133.87 billion) for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. The profits, which are around triple that of Exxon‘s $56 billion, follow similar reports in February from international peers such [...]