Saudi oil giant Aramco's profits rocket by 80% fuelled by Ukraine invasion

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 67%

Malaysia Malaysia Headlines News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Earnings by global energy companies such as BP and Shell have risen to their highest in at least a decade on the back of rising commodity costs, sparking calls in the UK for a windfall tax to help households cope with the cost of living crisis.

President and chief executive Amin H Nasser said:"Against the backdrop of increased volatility in global markets, we remain focused on helping meet the world's demand for energy that is reliable, affordable and increasingly sustainable."

The oil group said it maintained its $18.8bn cash dividend for the fourth quarter of last year - rounding off one of the biggest full-year cash dividends in the world. It comes amid growing demands in Britain for a one-off levy on energy firms to assist struggling families.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Our new sponsors

Another twisted psycho dictatorship

Makes you wonder if war is just orchestrated profit for the rich. Seems to be more and more.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines