Saudi oil giant Aramco posts record $161.1 billion profit for 2022

TL;DR

Saudi Arabia's state-controlled oil giant Aramco on Sunday reported a record net income of $161. Oil and gas prices surged at the start of 2022, with western sanctions on Russia for its invasion of Ukraine steadily tightening access to Moscow's supplies, particularly seaborne crude and oil products. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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