Saudi Arabia's national oil company raked in a massive $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

Saudi Arabia's national oil company raked in a massive $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

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Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices. The world’s biggest energy company made net income for the full year of $161 billion, the most since it listed and up…

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