Aramco, the national oil company of Saudi Arabia, has made a profit of 1.7 trillion baht, the most in world history.

Saudi Arabian oil giant Aramco has released second-quarter 2022 earnings of $48.4 billion, the largest in the history of global capital markets. Breaking my own old record three years ago.

Russia’s invasion of Ukraine has caused oil and gas prices to skyrocket. Because Russia is one of the world’s largest exporters. as Western countries impose sanctions to reduce their dependence on energy.

The surge in oil prices was also caused by the economic recovery from the COVID-19 crisis. As a result, demand outpaced supply.

which major oil producing companies ExxonMobil, Chevron and BP all posted massive first half earnings results. This led to protests demanding that the government collect more taxes. Due to the high cost of living in several decades

However, last week Opec+ agreed to increase production. to alleviate high oil prices It is expected that the trend in oil prices will decrease accordingly.

source

BBC