Oil giant Saudi Aramco makes a historic $161-billion profit in 2022

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Oil giant Saudi Aramco reported earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company. The profit by the firm came off the back of energy prices rising after Russia launched its war on Ukraine.

Saudi Arabia is gambling on a gargantuan building boom to remake its image and economy, but history offers cautionary tales over such ambitions.

Those revenues also can go into Riyadh Air, a new airline announced Sunday by Mohammed that will be under the kingdom’s Public Investment Fund and plans to fly to over 100 destinations by 2030. The Wall Street Journal, citing anonymous sources, reported Saudi Arabia may purchase up to $35 billion worth of planes from Boeing Co.

 

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It's profit They want the oil No monster it's bussiness Imagine i want to publish a Article but I don't want to pay or pay half and demand control of your offices and facilities or else will you take the equipment By force and offices

'profit . . came off the back of energy prices rising 'after' Russia launched its war on Ukraine.' Liars. Crude was $37 on day Biden won election Nov '20 - freaking out the markets, sending prices soaring. 2/22/22 Russian invasion, oil at $90-before invasion, now at $76.50.

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