Saudi’s Aramco nets world’s highest corporate income, pays shareholders $19.5bn

Saudi Arabia’s state-owned oil corporation, Aramco, generated $161.1 billion as net profit in 2022.

The figure was 46 percent higher than the profit reported by Aramco in 2021, and a record high for the state-run corporation.

Aramco’s Chief Executive Officer, Amin Nasser, said on a Sunday earnings call that the figure was probably the “highest net income ever recorded in the corporate world.”

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