BBC reported that Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes.
It represents a 46.5% rise for the state-owned company, compared with last year.
It is the latest energy firm to report record profits, after energy prices spiked following Russia’s full-scale invasion of Ukraine in February 2022. America’s ExxonMobil made $55.7bn, and Britain’s Shell reported $39.9bn.
Aramco also declared a dividend of $19.5bn for the October to December quarter of 2022, to be paid in the first quarter of this year. Most of that will go to the Saudi government, which owns nearly 95% of the shares in the company.
Brent crude oil, the benchmark oil price, now trades at around $82 a barrel – though prices exceeded $120 a barrel last March after Russia’s invasion, and June.
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