Saudi Aramco reported a net profit of $161.1 billion for 2022, up from $110 billion a year earlier and a record net earnings result for the company, which joins every other big oil producer in the world to benefit from higher oil prices. The company also boasted a record cash flow from operating activities, at $186.
2 billion, and a record free cash flow, at $148.5 billion. In comments on the company’s results, chief executive Amin Nasser noted that he expected oil and gas demand across the world to remain robust, fueling the future growth…Saudi Aramco Reports Record Profits In 2022
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