Saudi oil giant Aramco makes record profits in 2022
By DW
14 March 2023 |
7:47 am
Saudi Arabia's national oil producer Aramco achieved "record" profits totaling $161.1 billion, a nearly 50% increase. The firm saw prices skyrocket after Russia invaded Ukraine, leading to soaring global energy prices.
In this article
Related
6 Oct 2019
Angela Merkel, Emmanuel Macron, and Boris Johnson have taken the US line on the attacks on Saudi oil facilities, saying it was "clear" Iran was behind the strikes. However, the three governments called for diplomacy.
5 Oct 2019
Saudi Arabia is recovering ahead of schedule from attacks on its oil industry as total production capacity has been restored to more than 11 million barrels a day. Bloomberg's Annmarie Hordern reports on "Bloomberg Surveillance."
9 Nov 2019
Samsung Electronics was upbeat on Thursday even though it reported that third-quarter operating profit more than halved due to low prices of memory chips, saying chip sales should pick up next year.
3 May 2020
Pre-tax profits at Europe's largest bank HSBC slumped by 48 percent in the first three months of 2020, as the lender felt the impact of the Covid-19 pandemic on its business. The bank has set aside $3 billion to cover losses from unpaid loans, 417 percent higher than the same period last year. Also today, US oil prices slumped again in early trading after an investment fund sold all its short-term contracts to buy crude. A plunge in demand for oil due to lockdown measures has resulted in a massive glut of supply in the market.
30 Apr 2020
Microsoft has reported a rise in profits, exceeding Wall Street expectations. The tech giant's cloud computing services have flourished in a global economy reeling from the coronavirus pandemic.
3 Aug 2020
HSBC said Monday its first-half post-tax profits for 2020 plunged 69 percent on year.
27 Nov 2020
As pharma companies announce promising results from their coronavirus vaccine testing, we look at the expectations of profits that will be made. We speak to Michael Hewson, chief market analyst at CMC markets.
28 Mar 2021
Saudi Arabia's state-backed oil company Aramco announced a heavy slump in profits, as the global coronavirus pandemic takes its economic toll.
27 Mar 2021
Saudi officials said that eight drones were deployed in the attack. Houthi forces said they also targeted sites owned by Saudi Aramco, and military structures.
30 Apr 2021
Profits at Apple more than doubled in the first three months of 2021, as sales of all its flagship products soared. Demand for company's biggest earner, the iPhone, was boosted by the latest model, which can be used on 5G mobile networks.
28 Jul 2021
Apple, Microsoft and Google's parent company Alphabet have seen a surge in revenue. The results are attributed to the coronavirus pandemic — but also the easing of lockdowns.
13 Sep 2021
A report by three US activist groups claims Amazon, Facebook, Google, Microsoft and Twitter made billions from US government contracts since 2004.
Latest
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
1 day ago
Ripple effects of the Saudi-Iran rapprochement relieve some of the tensions of the ongoing war in Yemen. However, the conflicting inter-Yemeni positions remain unresolved and continue to cost lives.
1 day ago
In tonight's edition: Ethiopia takes Tigray's TPLF party off its terrorism list; Uganda's recent passing of a severe anti-LGBT bill sparks an international backlash; and Libya enjoys a resurgence of boxing.
1 day ago
Researchers have managed to pull strands of DNA from Beethoven's hair, finding "a strong genetic disposition to liver disease." At the same time, the discovery did not reveal the cause of his debilitating hearing loss.
1 day ago
Meet Monica Wambui, a trailblazing cyclist who happens to be deaf. Monica has overcome poverty and a lack of appropriate cycling gear to win races. But even training for competitions can sometimes be dangerous!
1 day ago
The Super Eagles defeated Guinea Bissau 2-0 when both sides last met in January 2022. Can they do it again? Host Ayomide Sotubo and James Agberebi discuss the game and more on this episode of The Nutmeg.