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Oil giant Saudi Aramco announces record profit of $161B in 2022

Por: Fox Business Business March 12, 2023

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Hightower Resource Advisors CEO Tracy Shuchart provides insight on the stock market and the influence of China on 'Making Money.' Global announced Sunday it earned a record-high profit of $161.1 billion during 2022, attributing its massive jump in earrings to higher crude oil prices. Officially known as the Saudi Arabian Oil Co., Aramco's annual report showed its year-on-year net income increased 46.5.% from the $110 billion... + full article



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