Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.
Already have an account? log in
Aramco Drills Up Cartoonish $161 Billion Annual Profit
Saudi Aramco made a lot of money in 2022.
Last year was a banner year for the world's largest fossil fuel producers, but by comparison to Mohammed Bin Salman's state behemoth, your favorite supermajor is a super-minor.
Although a detailed breakdown wasn't due until Monday, full-year results released Sunday suggested Aramco's net income in Q4 was $31 billion, double Exxon's Q4 profit -- plus an extra $5 billion.
Do note: That $31 billion quarterly haul was actually the "worst" quarter for Ar
