Saudi oil giant Aramco posts record $161 billion profit for 2022

Saudi oil giant Aramco posts record $161 billion profit for 2022

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Saudi Arabia's state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over the year, from $110 billion in 2021. Free cash flow also…

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