Saudi Aramco Reports Second-Highest Net Income Of $121.3bn In 2023

By Nadin Hassan and Nirmal Narayanan

Saudi Arabian Oil Co. has announced a net income of $121.3 billion in its full-year 2023 financial results, marking the second-highest in its history. 

These results highlight Aramco’s unique operational flexibility, reliability, and cost-effective production base, showcasing the...