Sunday, March 12, 2023

Oil Riches

 Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022.

It represents a 46.5% rise for the state-owned company, compared with last year.

Aramco also declared a dividend of $19.5 billion for the October to December quarter of 2022, to be paid in the first quarter of this year.

Most of that dividend amount will go to the Saudi Arabian government, which owns nearly 95% of the shares in the company.

Aramco: Saudi state-owned oil giant sees record income of $161bn - BBC News

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