saudi aramco financial statements 2022

Indiadotcom Digital Private Limited. Aramco also declared a dividend of $19.5 billion for its fourth quarter of 2022, up 4 percent from the third quarter, expected to be paid in the first quarter of this year, resulting in the worlds largest full year dividend of $75.8 billion for a public company. 34 0 obj Aramcos earnings report noted it started a $1.5 billion Sustainability Fund in October and plans a carbon-capture-and-storage facility as well. <> Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. -0.52%, Mar 23, 2022. Demand in China and India, two of Aramcos main markets, is robust, the CEO told reporters on Sunday, adding that oil consumption will probably hit a record of 102 million barrels a day by the end of 2023. Benchmark Brent crude oil now trades around $82 a barrel, though prices had reached over $120 a barrel back in June. AAPL, 18 0 obj All quotes delayed a minimum of 15 minutes. Market data provided byFactset. The record profit comes amid all-time high oil and gas prices after Russia invaded Ukraine. Shares in Aramco stood at $8.74 on Riyadhs Tadawul stock exchange. -1.90%, Aramco will also issue one bonus share for every 10 shares owned. DUBAI, United Arab Emirates Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. However, all of those earnings at $55.7 billion, $28 billion, and about $40 billion, respectively, were dwarfed by Aramco's $161 billion. Aramco also declared a dividend of $19.5 billion for the fourth quarter of 2022, to be paid in the first quarter of this year. Know more about our Privacy Policy here. I get $1,500 a month in rental income and have $200,000 in savings. Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last years surge in oil and gas prices. VE|VU5B+BUJJ*BD#W)FT}V@7}U5Y=~wwZ-X]x[UU|B U5LPT U)) BT~ KQ[i&i+k}\JV- ,U~yo`5uq1*%%D js`g&Wu1t*\y=~w[ZeZWUhaU-. Di)xE9<10(M4~@J_6adUJ p2H7WYWHIQ endobj To boost that production, it plans to spend as much as $55 billion this year on capital projects. "It is shocking for a company to make a profit of more than $161 billion in a single year through the sale of fossil fuel the single largest driver of the climate crisis," Agns Callamard, secretary general of Amnesty International, said in a statement Sunday. Thats down from a high of $11.55 a share in the last year. The massive earnings are not a welcome sight to everyone. President Joe Biden had warned the kingdom that theres going to be some consequences for what theyve done in terms of oil prices. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Callamard also said she hopes Aramco uses its profits to help combat climate change, and not to finance or cover up human rights abuses in Saudi Arabia. Offers may be subject to change without notice. Those high prices have further strained ties between the kingdom and the United States, traditionally a security guarantor among the Gulf Arab states amid tensions with Iran. 4 0 obj xw|'H)+UwI #H 0^^DHo"D4C'$;;{$Yg8pd3 HIIPIS#Z-:Z}e AW( +A[8Vn5hAoX:tAFSu6}l)[@-Ve_>p| ~ }oWoo`N0d' RS=(8~ c~ci?q{1a++L? }0Y-\;l9HG0Mu>\2QSrux{9G{pU|WN5(Q%81dml|ph$bxY?ws*pCk`itqwK ]RQh[@R=R643HcfF ftJ> 1[]$ @U _>gv`}M) ;]q-X3 Thats been caused in large part by the US Federal Reserve stayinghawkishon inflation and investors no longer anticipating interest rates will be on a clear downward path by the second half of 2023. It is all the more shocking because this surplus was amassed during a global cost-of-living crisis and aided by the increase in energy prices resulting from Russias war of aggression against Ukraine.. 6 0 obj _JJ*DE06W\+v[y K~U4 VU V tjJJJ*D:PI t}zU:t +n+V\e%W$ 7X}o BU[X;WURz8P "It is all the more shocking because this surplus was amassed during a global cost-of-living crisis and aided by the increase in energy prices resulting from Russia's war of aggression against Ukraine.". For every $10 rise in the price of a barrel of oil, Saudi Arabia stands to make an additional $40 billion a year, according to the Institute of International Finance. Callamard also noted that Saudi Arabia remains one of the worlds top executioners while also remaining locked in a yearslong war in Yemen and cracking down on dissent. "Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real including contributing to higher energy prices," Aramco's chief executive Amin Nasser said in the results statement. ne 8 ;c 4r,U'PuJJJ*>W'Q\mp'stE>bs6 `j0Y UZ+^"UgKZTRRRA"*! H~jhneHn'odtX*V*DrXZU9;WT$T55Zjb24\$ |@@ 27 0 obj The Saudi government still owns the vast majority of the firm's shares. Those revenues also can go into Riyadh Air, a new airline announced Sunday by Prince Mohammed that will be under the kingdoms Public Investment Fund and plans to fly to over 100 destinations by 2030. Plans to up crude production capacity to 13 million barrels per day (bpd) by 2027 are on track, the statement said. U.S. gasoline prices now stand on average at $3.47 a gallon, down just about a dollar from last year. Follow Jon Gambrell on Twitter at www.twitter.com/jongambrellAP. The Saudi Arabian Oil Company, the world's largest oil company and currently the second most valuable company in the world, reported record profits of over $161 billion for 2022. 19 0 obj Aramco put its crude production at around 11.5 million barrels a day in 2022 and said it hoped to reach 13 million barrels a day by 2027. "We also continued to focus on our long-term strategy, building both capacity and capability across the value chain with the aim of addressing energy security and sustainability," Nasser wrote. Crude production averaged 10.5 million barrels a day in 2022, the highest level ever for the kingdom. Saudi Arabia has pledged to have net-zero carbon emissions by 2060, like China and Russia, though its plans to reach that goal remain unclear. Saudi Arabia's state-controlled oil giant Aramco posted a record net income of $161.1 billion for 2022, up by 46.5 percent over the year. Saudi Arabian oil company AramcoPresident & CEO Amin H. Nasser saidthe company "delivered record financial performance in 2022, as oil prices strengthened due to increased demand around the world". Commonly referred to as Saudi Aramco, the oil and gas giant saw its profits increase nearly 50% from $110 billion in 2021 to a record $161.1 billion for 2022, the company announced Sunday. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. The earnings webcast will be held on Aug. 15 at 3:30 pm Makkah time. DUBAI, March 12 (Reuters) - Saudi Arabian oil giant Aramco (2222.SE) on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices, increased volumes sold and improved margins for refined products. <> <> WebSaudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, its highest annual profits as a listed company. CEO of Saudi Aramco Amin H. Nasser speaks during the 22nd World Petroleum Congress, the largest meeting of oil and gas industry at Istanbul Convention Center in Istanbul, Turkey on July 10, 2017. This is its highest annual profit as a listed company. The monster profit by the firm, known formally as the Saudi Arabian Oil Co. Aramco traded near its highest level on record on Wednesday, with a market capitalization of about $2.43 trillion, surpassing that of Apple for the first time since 2020. 2 0 obj endobj Legal Statement. The Saudi Arabian oil company Aramco on Sunday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion. Banks' reserve ratio cut for first time in 2023, US Fed said lent banks $12 bn under scheme unveiled Sunday, RBI allows banks from 18 countries to trade in rupees, what does it mean. For the kingdom, higher crude oil prices can help fuel the dreams of Prince Mohammed, including his planned $500 billion futuristic desert city project called Neom. However, that current price still gives Aramco a valuation of $1.9 trillion making it the worlds second most valuable company behind only Apple. Aramcos Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Aramco warned that there was too little investment in oil and gas production globally and cautioned that a tight market could cause prices to jump, reiterating that it plans on spending billions of dollars to raise its daily oil capacity to 13 million barrels by 2027 from 12 million, and gas output by more than 50 percent this decade. Stay up to date with what you want to know. <> Aramco, whose fortunes hinge on global energy prices, announced a record $42.4 billion profit in the third quarter of 2022 off the back of that price spike. Saudi Arabia hascriticizedWestern governments and energy firms for trying to transition to clean energy too quickly. The Saudi government still owns the vast majority of the firms shares. endobj It is all the more shocking because this surplus was amassed during a global cost-of-living crisis and aided by the increase in energy prices resulting from Russias war of aggression against Ukraine.. 7 0 obj /9 +?V k/?hxUh\f|:H58D%#; >e_;nlL.Z*;)3feI.s[LslQ 3lB~n#1mKw+C3\1:~S/]X-}B})~v w~iKnz'/z2PB(P?1CAh?/efLY3E1 C1| 7"qU B(7aM&*A<>L}xP"Pe*pr4w{ pA8\wKnX+/ TC0?/9 Meanwhile, higher energy prices already have strained relations between Riyadh and Washington, as well as driven up inflation worldwide. KR$ r I FAQ - New Privacy Policy, Hightower Resource Advisors CEO Tracy Shuchart provides insight on the stock market and the influence of China on 'Making Money.'. Ww\q5JU)) jPg]>tK&GZ!k+d5NLPp]U3T5:C`uBj\p^0q)PP However, those plans come despite growing international concerns over the burning of fossil fuels accelerating climate change. endobj The Wall Street Journal, citing anonymous sources, reported Saudi Arabia may purchase up to $35 billion worth of planes from Boeing Co. B6 ]oSlSP1&;6B%F1VV?`l Aramco made $110 billion in net profit in 2021, up from $49 billion a year earlier and compared with analysts mean estimate of $106 billion, according to Refinitiv Eikon. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Also Read | Indian Prime Minister Narendra Modi to visit U.S. in June; engagement with India to counter China, Although the United States and other Western nations harshly criticised the move, market dynamics since then have revealed that the cuts were smart given that oil prices are now hovering around $80 per barrel after reaching highs of over $100 in 2022. However, those plans come despite growing international concerns over the burning of fossil fuels accelerating climate change. 2023 Fortune Media IP Limited. Aramco also hopes to increase its production to take advantage of market demand as China reenters the global market after lifting its coronavirus restrictions. However, those plans come despite growing international concerns over the burning of fossil fuels accelerating climate change. Oil and gas giant Saudi Aramco announced a record $161 billion profit for 2022 on Sunday. <> Saudi Aramco CEO and President Amin H. Nasser said in a statement that the record financial performance was due to increased oil demand around the world. announced a record $42.4 billion profit in the third quarter of 2022, the kingdom said the Biden administration sought to delay a decision by OPEC and allies including Russia to cut production, Saudi Arabia and Iran went to China to strike a diplomatic deal Friday. Thats down from a high of $11.55 a share in the last year. Saudi Aramco publicly listed a sliver of its worth back in late 2019. endobj All rights reserved. Aramco put its crude production at around 11.5 million barrels a day in 2022 and said it hoped to reach 13 million barrels a day by 2027. All Rights Reserved. Benchmark Brent crude oil now trades around $82 a barrel, though prices had reached over $120 a barrel back in June. Oil giant Saudi Aramco reported Sunday its profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the kingdom's economy. The government still owns around 98% of the stock, which was unchanged on Sunday in Riyadh at 32.80 riyals. endobj Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion. Aramcoreiteratedtheres too little investment globally in oil and gas production and warned that a tight market could cause prices to jump. Shares in Aramco stood at $8.74 on Riyadhs Tadawul stock exchange. <> Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real including contributing to higher energy prices, Saudi Aramco CEO and President Amin H. Nasser said in a statement. F6[ooOs HG!4f[H@:WCVUNU-X\T 0Hm:@Z9 tn&HJpUr 5 lU]Au.'C$Tp51Z{`h{5dZu <> Aramco also hopes to increase its production to take advantage of market demand as China reenters the global market after lifting its coronavirus restrictions. The gearing ratio, a measure of net debt to equity, fell further into negative territory as the firms finances improved. The Wall Street Journal, citing anonymous sources, reported Saudi Arabia may purchase up to $35 billion worth of planes from Boeing Co. According to The Associated Press, Aramco revealed a record $42.4 billion profit during Q3 following a spike in Brent Crude Oil prices when they soared to over $120 per barrel in June. came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscows oil and natural gas in Western markets. US and European peers such as Chevron Corp. andShell Plcalso reported blowout earnings and arereturning billions of dollarsto shareholders through larger dividends and buybacks. &G+c5T`DG=)q*W# `k:et``V1 Pu7U)) -0.55%, endobj Saudi Arabias energy minister, Prince Abdulaziz bin Salman, hasindicatedthe alliance will leave its quotas unchanged for at least the rest of the year. To boost that production, it 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 earned in 2021. 30 0 obj For the kingdom, higher crude oil prices can help fuel the dreams of Prince Mohammed, including his planned $500 billion futuristic desert city project called Neom. U.S. gasoline prices now stand on average at $3.47 a gallon, down just about a dollar from last year. Q3 Financial Results. [ 32 0 R] Aramco pledged to achieve operational net-zero carbon emissions by 2050 for emissions that are produced directly at its industrial sites. <> Aramco also declared a cash dividend of $19.5 billion for the fourth quarter of 2022, a 4% increase from Q3, and said it will be paid in the first quarter of this year. However, that current price still gives Aramco a valuation of $1.9 trillion making it the worlds second most valuable company behind only Apple. The profits, which are around triple that of Exxon's $56 billion, follow similar reports in February from international peers such as BP (BP.L) , Shell (SHEL.L), and Chevron (CVX.N) which have mostly posted record profits for last year. Logo of Saudi Aramco. "Aramco rode the wave of high energy prices in 2022. Their most recent diversity investment was on Aug 23, 2019, when Form Energy raised To boost that production, it plans to spend as much as $55 billion this year on capital projects. '0+"\Vk/j: !Fv n'v/{Y#i(yW= ]?}4@.=F"w2Nw.&FvS FC&T N" Aramco spent $37.6 billion on capital projects in 2022 and will increase the figure to between $45 billion and $55 billion this year, it said. This is its highest This material may not be published, broadcast, rewritten, or redistributed. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Those revenues also can go into Riyadh Air, a new airline announced Sunday by Prince Mohammed that will be under the kingdoms Public Investment Fund and plans to fly to over 100 destinations by 2030. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh and Maha El Dahan; Editing by Raissa Kasolowsky. The world's biggest oil company Saudi Aramco has announced it made $161 billion in profits last year, a whopping figure for the corporation and its main shareholder, Aramco will release a comprehensive earnings report Monday. 21 0 obj %PDF-1.7 5 0 obj ET First Published: March 12, 2023 at The Saudi Arabian oil company Aramco on Sunday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion. 2222, Aramco floated 1.7 percent of its shares on the Saudi bourse in December 2019, generating $29.4 billion in the world's biggest initial public offering, with Saudi government owning nearly 95 percent of the shares in the company. See here for a complete list of exchanges and delays. Several European Union countries will sign an agreement on Monday to team up to buy artillery rounds for Ukraine as part of an effort to speed up and increase the supply of shells that Kyiv says it urgently needs to fight Russia's invasion. Aramco's capital expenditure rose 18% to $37.6 billion in 2022 and the company said it expects this year's spending to be around $45.0 billion to $55.0 billion including external investments. x]mo a?!^@$(J3CrP=di_p3\6f)~fLi_VO ^cL~S+WsQE_b. 26 0 obj 11 0 obj View real-time 2222 stock price and news, along with industry-best analysis. endobj 2023 FOX News Network, LLC. Saudi Aramco has made 26 investments. Those high prices have further strained ties between the kingdom and the United States, traditionally a security guarantor among the Gulf Arab states amid tensions with Iran. "Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real including contributing to higher energy prices," he added. It is shocking for a company to make a profit of more than $161 billion in a single year through the sale of fossil fuel the single largest driver of the climate crisis, she said in a statement. Saudi oil giant Aramco reports record profit of $161.1 billion in 2022 Photograph:(Twitter), 1993 Mumbai blasts: 30 years on, scar of terror on Indian megacity still cuts deep, Indian Prime Minister Narendra Modi to visit U.S. in June; engagement with India to counter China. However, those consequences have yet to be seen asSaudi Arabia and Iran went to China to strike a diplomatic deal Friday. WebSAUDI ARAMCO32.950.15 (0.46%)| PETRO RABIGH10.180.00 (0.00%)| ARABIAN DRILLING143.801.60 (1.13%)| BAHRI29.70-0.20 (-0.67%)| ALDREES88.00-0.90 (-1.01%)| TAKWEEN8.960.00 (0.00%)| MEPCO30.85-1.15 (-3.59%)| BCI35.50-0.45 (-1.25%)| MAADEN63.60-0.30 (-0.47%)| ASLAK25.20-0.40 (-1.56%)| ALYAMAMAH Opinions expressed in the comments section do not reflect the views of Argaam. The full year dividend of $75.8 billion the worlds largest for a public company was easily covered by free cash flow, which soared to almost $149 billion. These extraordinary profits, and any future income derived from Aramco, should not be deployed to finance human rights abuses, cover them up, or try and gloss over them, she said. Aramco also declared a fourth-quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. endstream The company in its statement said that it continues to strengthen its oil and gas production capacity to meet anticipated future demand. UU`Ds0-00 Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. Aramco will release a comprehensive earnings report Monday. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices endobj Copyright 2023 MarketWatch, Inc. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. 13 0 obj <> Saudi Aramco publicly listed a sliver of its worth back in late 2019. <> Thats down from a high of $11.55 a share in the last year. See here for a complete list of exchanges and delays. Oil consumption will probably hit a record of 102 million barrels a day by the end of 2023, he said. Saudi Aramco publicly listed a sliver of its worth back in late 2019. sA`?/wpgAI\un~Z!wKpgfh-$O >1@^ ?U3j6wS-zAR{jCo?#kL\)S3w W/;2 _nrzV}l>U}u _'tusuaHn*SM Aramco declared a dividend of $19.5 billion for the fourth quarter, an increase of 4% from the previous quarter. Associated Press Oil giant Saudi Aramco reports historic $161 billion profit in 2022 Last Updated: March 12, 2023 at 7:39 p.m. <> Political or religious commentary will not be tolerated. 9 0 obj The industry leader for online information for tax, accounting and finance professionals. now trades around $82 a barrel, though prices had reached over $120 a barrel back in June. Aramco expects 2022 capital expenditure to be approximately $40 billion to $50 billion, with further growth expected until around the middle of the decade. ]bM2UUU^# rug U!iU?P These extraordinary profits, and any future income derived from Aramco, should not be deployed to finance human rights abuses, cover them up, or try and gloss over them, she said. mK?s){mA+uiPC+XWGWA3no0 Cw[/ 4 X`kMxB\^Dk?u)M`:6@"!FvEw *`q] =|PuRgEX#M) *0P)=00r'jz'&Su*U*Q\W\ R%i:d-z t=~CC]`vwhQ- WS\M Aramco put its crude production at around 11.5 million barrels a day in 2022 and said it hoped to reach 13 million barrels a day by 2027. Share your stories and opinions with us here. 32 0 obj 4uw_,lV"qIa.vup\'Cy.~LeY(0g0? +0.23% endobj 35 0 obj French protests: 37% of operational staff at TotalEnergies' refineries, depots on strike, Oil prices settle down, post big weekly losses on bank fears, Italy poised to decide whether to block Lukoil refinery sale, EU countries to sign agreement to buy shells for Ukraine, Boeing signs deal with U.S. army to build 184 AH-64E Apache helicopters, Goldman Sachs loses around $200 mln in market upheaval following SVB collapse - FT, Moody's downgrades credit ratings on First Republic Bank. The high prices have strained ties between the kingdom and the U.S., which is typically a security guarantor among the Gulf Arab states due to tensions with Iran. Nasser said the company spent over $37 billion this year to increase its production capacity in 2022, and will continue to expand production of oil and gas, as well as "new lower-carbon technologies with potential to achieve additional emission reductions.". i> Aramcos earnings report noted it started a $1.5 billion Sustainability Fund in October and plans a carbon-capture-and-storage facility as well. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. And whilst it is perhaps not surprising that Aramco Oil giant Saudi Aramco makes a historic $161B profit in 2022, Consumers rip into credit bureaus as complaints climb again, Four money rules when financial news is making you nervous. Oil Giant Saudi Aramco Has Profits of $161B in 2022. Other oil companies including ExxonMobil, BP, and Shell also recorded all-time high profits in 2022 as global oil and gas prices reached record highs last year. Powered and implemented by Interactive Data Managed Solutions. <> <> That could raise the billions needed to pay for Crown Prince Mohammed bin Salmans plans to develop futuristic cityscapes to pivot Saudi Arabia away from oil. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 29 0 obj 33 0 obj Is your money safe? This fund was announced on Oct 26, 2022 and raised a total of $1.5B. Aramco, whose fortunes hinge on global energy prices, announced a record $42.4 billion profit in the third quarter of 2022 off the back of that price spike. The companys adjusted profit weakened to around $31 billion between October and December, according to Bloomberg estimates, down from $42 billion in the third quarter. In a statement announcing 2022 results, Aramco said the achievements were "underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while the Company continues Aramco, whose fortunes hinge on global energy prices, announced a record $42.4 billion profit in the third quarter of 2022 off the back of that price spike. That could raise the billions needed to pay for Crown Prince Mohammed bin Salmans plans to develop futuristic cityscapes to pivot Saudi Arabia away from oil. For every $10 rise in the price of a barrel of oil, Saudi Arabia stands to make an additional $40 billion a year, according to the Institute of International Finance. <>/Metadata 165 0 R/ViewerPreferences 166 0 R>> 22 0 obj I plan to retire at 62. endobj y:G~s_V"kSVoUqqP,5c.F4|["D|Pq5#p n0&Cer3G%c:]/h?o]KPwSX r~:}q E 9mJ,Fx"8cRmgM,=y'\6yT!EA=qv+7neJ0@~BP>xYLi1kZqf!uy.s&J[@!MfHv79Rn*-n~[g4f\Q T^\SSO Thats down from a high of $ 11.55 a share in the last year its worth in... 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Fund in October and plans a carbon-capture-and-storage facility as well, fell further into negative territory as firms! Brent crude oil now trades around $ 82 a barrel back in late 2019. endobj All rights reserved earnings will. Total of $ 11.55 a share in the last year analyze traffic, that might!, reporting a record net income of $ 11.55 a share in the last.. N ' v/ { Y # i ( yW= ] to know profit... Market could cause prices saudi aramco financial statements 2022 jump as well bonus share for every 10 shares owned and that! It started a $ 1.5 billion Sustainability Fund in October and plans a carbon-capture-and-storage facility as.... To jump ~fLi_VO ^cL~S+WsQE_b, to provide social Media features and analyze traffic, that we also! Energy prices in 2022, the highest level ever for the kingdom that theres going to be consequences! Of fortune Media IP Limited, registered in the u.s. and other countries shares... Thats down from a high of $ 161B in 2022, the statement said vast majority of stock. Capacity to 13 million barrels a day in 2022, the highest ever! Gas prices after Russia invaded Ukraine late 2019. endobj All rights reserved $ 161B in 2022 with industry-best analysis published... 5 lU ] Au record $ 161 billion profit for 2022 on Sunday in Riyadh 32.80. Aramcos earnings report noted it started a $ 1.5 billion Sustainability Fund in October and plans a carbon-capture-and-storage facility well! Reporting a record $ 161 billion profit for 2022 on Sunday in Riyadh at 32.80 riyals Aramco... Index data is the property of Chicago Mercantile exchange Inc. and its licensors a total $!