Saudi Aramco makes an eye-popping $160bn in profit

And you thought the supermajors had a good year


  • by
  • 03 16, 2023
  • in Business

The world’s energy supermajors had a bountiful 2022. ExxonMobil, the largest of the private-sector giants, reported a record annual net profit of $56bn, after Russia’s invasion of Ukraine sent oil prices soaring. Mouth-watering—unless you are Saudi Aramco, in which case it’s peanuts. Last year the desert kingdom’s oil giant brought in some $160bn of net income, the most by any company in corporate history.

  • Source Saudi Aramco makes an eye-popping $160bn in profit
  • you may also like