Saudi giant’s profit skyrockets to whopping $161.1 bln with oil and gas seen as ‘essential’ in energy arsenal

March 13, 2023 Mariel Alumit Crude Oil News, Earnings, International News, Natural Gas, Offshore
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Home Fossil Energy Saudi giant’s profit skyrockets to whopping $161.1 bln with oil & gas seen as ‘essential’ in energy arsenal

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March 13, 2023,
by

Melisa Cavcic

Saudi state-owned oil and gas player Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high energy demand, tight supply and elevated oil and gas prices while the firm’s progress in low-carbon solutions and technologies serves as the cherry on top of a bumper year for this energy giant, which continues to expand its oil and gas investments.

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