Aramco..

 


Global oil giant Saudi Aramco announced Sunday it earned a record-high profit of $161.1 billion during 2022, attributing its massive jump in earrings to higher crude oil prices. 

Officially known as the Saudi Arabian Oil Co., Aramco's annual report showed its year-on-year net income increased 46.5.% from the $110 billion earned in 2021.
Saudi Aramco CEO and President Amin H.

 Nasser said in a statement that the record financial performance was due to increased oil demand around the world.