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The Independent UK

National

Martha McHardy

Saudi state-owned oil giant sees record profit of $161bn

Aramco Oil Amin Nasser Russia Ukraine United States

Copyright 2019 The Associated Press. All rights reserved

Saudi oil giant Aramco has announced record profits of $161billion (£133 billion) for 2022, equivalent to £134billion, after soaring energy prices and bigger volumes.

The increase represents a 46.5 per cent rise on last year for energy firm Aramco.

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