Saudi Arabia government

Saudi Arabia’s Oil Giant Profit Hits Record $161.1Billion

While the western half of the world is facing an intense energy crisis, Saudi Arabia’s oil giant Aramco hit a record profit of $161.1 billion in 2022. Energy prices have been on the rise since Russia invaded Ukraine last year. The majority of the dividend payment will be directed toward the Saudi Arabian government, which owns almost 95% of the company’s shares.