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archiveChief Budget Officer Insider

Saudi Arabian Oil Co. (Aramco)
Big Business

Aramco makes an astonishing $161 billion profit, highest by any company in corporate history

Driven by pricier crude oil, Saudi Arabian Oil Co. (Aramco) reported its biggest annual net income as a listed company with earnings of $161.07 billion in 2022. The figure represented a 46.5% increase from the $110 billion Aramco registered in 2021. Aramco is the world’s largest state-owned entity and 2nd...
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