Saudi Aramco oil company received record Revenue in the second quarter

It is reported that in the second quarter of this year, the company earned $ 48.4 billion. Compared to the same period last year, the Net Profit of the Saudi company grew by 90%.

This is the highest growth rate in the past three years since the first public offering of Aramco shares on the stock exchanges.

According to Bloomberg experts, “this could be even more than any public company's highest quarterly earnings” - that is, in the past quarter, Aramco received more revenue from all companies whose shares are traded on World exchanges.

The massive income of the Saudis at this level is the result of the rise in oil prices in the wake of the Russian invasion of Ukraine. That is why many oil and gas companies are reporting record profits these days.