A handout picture provided by Energy giant Saudi Aramco, Saudi Arabia’s Oil Company, shows one of its engineers at Yanbu refinery on January 16, 2011
RIYADH – Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an outraged response from activists warning about the ravages of climate change.
The mostly state-owned energy giant, the world’s second most valuable company behind Apple, said in a filing with the Saudi stock market that net income for 2022 was up 46 percent from $110 billion in 2021.
The results — the strongest since Aramco became a listed company in 2019 — were “predominantly due to the impact of higher crude oil prices and volumes sold, and stronger refining…
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