03/16/2023
Around the web. Saudi Arabia’s state-controlled oil giant Aramco is playing in a league of its own.
It reported a record net income of $161.1 billion for 2022 — the largest annual profit ever by an oil and gas company. The results are triple the profit that ExxonMobil posted for 2022 ($56B).
“This is probably the highest net income ever recorded in the corporate world,” Aramco CEO Amin Nasser said on a Sunday earnings call.