Saudi Aramco reports record profit of $161.1 billion in 2022

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Saudi Aramco reports record profit of $161.1 billion in 2022
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Saudi Arabian oil giant Aramco on Sunday reported a record net profit in 2022, boosted by higher energy prices, increased volumes sold and improved margins for refined products.

on Sunday reported a record net profit in 2022, boosted by higher energy prices, increased volumes sold and improved margins for refined products.

Net profit rose to $161.1 billion for the year that ended December 31, from $110 billion a year earlier, and compared with analysts' mean estimate of $162.17 billion, according to Refinitiv Eikon.

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