Saudi Aramco Tops Own Record With $48.4bn Quarterly Profit
Aug 19, 2022 ·
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Description
Saudi oil giant Aramco has broken its own record with a $48.4bn profit for the second quarter of 2022. It is a 90% year-on-year increase and marks the biggest earnings...
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Saudi oil giant Aramco has broken its own record with a $48.4bn profit for the second quarter of 2022.
It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.
Bloomberg reports that the Saudi oil giant's figure represents the biggest quarterly adjusted profit of any listed company.
The state-owned Saudi energy giant announced it would keep its dividend unchanged at $18.8bn for the third quarter.
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It is a 90% year-on-year increase and marks the biggest earnings for the world's largest energy exporter since its public listing three years ago.
Bloomberg reports that the Saudi oil giant's figure represents the biggest quarterly adjusted profit of any listed company.
The state-owned Saudi energy giant announced it would keep its dividend unchanged at $18.8bn for the third quarter.
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| Author | Africa Business Radio |
| Organization | Africa Business Radio |
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