Aramco had reported a $161-billion profit in 2022, likely the largest ever reported by a publicly traded company
Saudi Arabia's state-owned oil company Aramco and stock market officials celebrate the debut of Aramco's initial public offering on the Riyadh Stock Market, in Riyadh, Saudi Arabia, Dec. 11, 2019.Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices.
“The decrease mainly reflects the impact of lower crude oil prices and lower volumes sold, and weakening refining and chemicals margins,” the company said in its filing to the Tadawul stock market. Aramco, formally known as the Saudi Arabian Oil Co., put its output at 12.8 million barrels of oil a day. The company has been ordered by the Saudi government to keep its production there despite earlier plans to increase output.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 recordDUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. Aramco made the announcement in a filing in Riyadh's Tadawul stock market.
Read more »
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 recordDUBAI, United Arab Emirates (AP) — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower...
Read more »
Island Health paid $21.5 million in nurse overtime in 2022/23Independent and employee owned - local news stories, weather, sports, events and more
Read more »
Man pleads guilty to brutal 2022 killing of young Winnipeg motherTessa Perry, a mother of four, was killed Saturday night in the Maples neighbourhood. Perry's children were 'her everything,' according to family.
Read more »
Complete season breakdown of the entire 2022 F1 seasonNHL news, NHL results, NHL standings, NHL scores, NHL teams, NHL schedule, NHL stats, NHL updates, NHL analysis, NHL highlights, NHL players, NHL events, NHL coverage, NHL articles, NHL season, NHL videos, NHL games, NHL live scores
Read more »
Roxy Cabaret sues developer Bonnis Properties for forced closure in 2022Construction next door caused damage to the Roxy Cabaret's building, forcing nightclub to close for six weeks
Read more »