Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’

Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’

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Saudi Aramco, the national oil company for Saudi Arabia, reported on Sunday that the company last year had net income of $161.1 billion — a 47 percent increase over 2021 and a record since Aramco started offering shares on the local Tadawuhl stock exchange in 2019. Aramco generates huge sums for…

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