Aramco also declared a dividend of US$19.5 billion for the fourth quarter of 2022, to be paid in the first quarter of this year.
Those high prices have further strained ties between the kingdom and the United States, traditionally a security guarantor among the Gulf Arab states amid tensions with Iran. Before the midterm elections in November, the kingdom said the Biden administration sought to delay a decision by OPEC and allies including Russia to cut production that could have kept gasoline prices lower for voters — making public the typically behind-the-scenes negotiations common in the region.
Those revenues also can go into Riyadh Air, a new airline announced Sunday by Prince 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 US$35 billion worth of planes from Boeing Co.
Invade SAUDI ARABIA!
Oil giant Saudi Arabian Oil Co. on March 12 reported earning US$161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company.
Oh good, the can continue to fund F1's growth via Netflix whilst also sponsoring a new PGA in order to try and sportwash human rights atrocities that nobody talks about because they simultaneously own all the NA print media through proxies! So shhhh! Got it!
Does anyone remember what happened to the price of oil when Russia invaded Ukraine and the US had started shutting down leases?
How much did the federal government collect?
With that profit level, they could build 5 TransMountain pipelines.
So a huge amount of the world’s oil supply comes from this authoritarian regime with a history of human rights abuses. Meanwhile Canadian oil stays in the ground because of our inept government and their woke policies. The Saudi Shieks continue to buy gigantic yachts.
😍😍😍 NeverTransition
Aramco spokeswoman said they would like to thank 🇨🇦 and especially the Prime Minister for the support.
Right, Oil & Gas Companies making their Billions off the little guy. Oil is a human right
Pretty sure the green cult has no idea they could use revenue from record breaking oil and gas to power the next generation of renewables. Saudis love them some Just Transition.
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