Saudi state oil company Aramcolargest in the world, recorded in 2022 Record net profit of $161 billion, up 46.5% It increased compared to the previous year due to the increase in crude oil prices due to the war in Ukraine and the increased demand for oil after the pandemic.
about this Saudi oil company’s “highest annual earnings” “As a publicly traded company,” Aramco said in a statement.
“Net income increased by 46.5% to $161.1 billion in 2022 compared to $110 billion in 2021,” the note said.
The company’s increase in net profitstronger crude oil prices, higher sales volumes and better margins for refined productsassured that it will continue to strengthen its oil and gas production capacity as well as its downstream (refining) portfolio to meet demand.
The company’s CEO, Amin Nasser, said in a statement that this “record financial performance” in 2022 was due to “strengthening oil prices due to increased demand around the world”.
In addition, we continue to focus on our long-term strategy, capacity and skills development along the value chain to address energy security and sustainability.”
According to the statement, Saudi oil company investment spending In 2022, it was $37.6 billion. 18% increase over 2021A figure that Aramco expects to raise to approximately $45 billion and $55 billion by 2023.
He stressed that free cash flow reached $148.5 billion in 2022 compared to $107.5 billion in 2021.
On the other hand, the Saudi oil company made a statement. 19.5 billion dividends for the fourth quarter of 2022which will be distributed in the first quarter of 2023.
“This represents a 4% increase from the previous quarter, in line with the company’s dividend policy aimed at delivering a sustainable and gradual dividend,” the statement said.
Source: Informacion
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