Business & Economy

Record profits for Saudi Aramco

The state-run Saudi Oil and Gas Company, “Aramco”, announced this morning, Tuesday, partial profits for the year 2022.

The company said in a statement that “the state-owned Saudi Oil and Gas Company, Aramco, obtained in the first three quarters of this year a net profit of about $130,342 billion.”

The statement also added: “The company’s profits increased by about 1.7 times over the same period last year, noting that Saudi Aramco’s free cash flow increased 1.6 times in nine months to $110,207 billion.”

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