Saudi Aramco Profits Fall Along with Lower Oil Production, Prices and Margins

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Monday second quarter earnings of 112.81 billion Saudi riyals, roughly $30.08 billion down from $48.44 billion in the same period last year. The result came in slightly above the $29.8 billion expected. Aramco’s profit was affected by weakening refining and chemicals margins with the lower oil prices in the quarter. In 2022 the oil giant earned $US161 billion, the highest-ever recorded annual profit by a publicly listed company drew … Continue reading “Saudi Aramco Profits Fall Along with Lower Oil Production, Prices and Margins”

Saudi Aramco Earned $US161 Billion in 2022, Highest Ever Publicly Listed Company Profit

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Monday fourth quarter earnings of $US42.43 billion down from the previous quarter’s record high. For 2022 the oil giant earned $US161 billion, the highest-ever recorded annual profit by a publicly listed company drew immediate criticism from activists. Profits rose 46.5% over 2021 results of $US110 billion and $US49 billion in 2020. Aramco said its crude production was 11.5 million barrels a day in 2022 and said it hoped to … Continue reading “Saudi Aramco Earned $US161 Billion in 2022, Highest Ever Publicly Listed Company Profit”

Saudi Aramco Profit $US42.43 billion With Decline in Refining and Chemicals Margins

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Monday third quarter earnings of $US42.43 billion down from the previous quarter’s record high. Profit was driven by higher crude-oil prices and volumes sold. Profits were up from up from $30.43 billion in the same period a year earlier. The result follows big oil rivals record profits. The UK’s BP, Netherland’s Shell, America’s ExxonMobil, the largest U.S. oil company, Chevron and Phillips 66 all crushed earnings on surging oil and gas … Continue reading “Saudi Aramco Profit $US42.43 billion With Decline in Refining and Chemicals Margins”

Saudi Aramco Profit Soars 90pc to Record $US48.4 billion

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Sunday record second quarter earnings of $US48.4 billion. The company estimate was $46.2 billion. Profits were up 90 per cent from $US25.5 billion a year earlier. The result follows big oil rivals record profits. The UK’s BP, Netherland’s Shell, America’s ExxonMobil, the largest U.S. oil company, Chevron, Phillips 66 and Occidental all crushed earnings on surging oil and gas prices. Oil prices have pulled back around 15% since suggesting these record profits … Continue reading “Saudi Aramco Profit Soars 90pc to Record $US48.4 billion”