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...