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.
The things Alberta is missing out on right now is crazy. We could be prospering but instead have debt burdened population with no hope in sight.
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theJagmeetSingh do you have any comments on this since you hate capitalism so much or is it just Canadian companies you go after?
Canada could be as wealthy as Saudis, Norway, Qatar. if government had woken up. As always we are late to game. We are now building our first LPG terminal
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Oil giant Saudi Aramco makes a historic $161-billion profit in 2022Profit credited to rising energy prices Russian invasion of Ukraine, with sanctions limiting the sale of Moscow’s oil and natural gas in Western markets China just restarted diplomatic relations between the Saudis and Iran. Just saying. And Canada guided by trudeau is saving the world !!! TrudeauMustResign What wonderful news! In the background, the common man gets shafted over and over again
Source: globeandmail - 🏆 5. / 92 Read more »
Oil giant Saudi Aramco reports record $161 billion profit in 2022Saudi Aramco\u0027s monster profit came off the back of energy prices rising after Russia launched its war on Ukraine. Read more. 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. Right, Oil & Gas Companies making their Billions off the little guy. Oil is a human right Aramco spokeswoman said they would like to thank 🇨🇦 and especially the Prime Minister for the support.
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Oil giant Saudi Aramco makes a historic $161B profit in 2022Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. Trump's Republicans, Putin's Russians and the Saudis are all the same people. Enemies of the free world protecting their oil profits. PP and the Conservatives are their voice in Canada. CANADA BUYS LOTS OF OIL WHEN WE HAVE MORE THAN ENOUGHT TO SUPPLY ALL OF CANADA FOR FREE FOR 100 YEAR S OR MORE SEE ANYTHING WRONG HERE ?
Source: TorontoStar - 🏆 60. / 55 Read more »