Saudi Aramco profit rises to $87.9 billion in first half of 2022
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The net profit of the world’s largest oil company Saudi Aramco grew by 86% in the first half of 2022 and reached a record $87.9 billion. In a press release (.pdf) of the Saudi company, it is specified that the main reasons for the improvement in performance were the growth in world energy prices and an increase in demand.
Aramco posted record quarterly and half-year net income of $48.4 billion for the second quarter and $87.9 billion for the first half, compared to $25.5 billion and $47.2 billion, respectively, in the same periods in 2021. messages. The company also announced the payment of dividends in the third quarter – their volume will be $18.8 billion.
In July, Saudi Aramco increased the selling price of oil for Asia for August. The cost of the main Arab Light oil grade supplied to the region increased to $9.3 per barrel (by $2.8 compared to July).
On the situation with oil production – in the material “Kommersant” “You can’t get a hundred a day”.
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