General view of Aramco tanks and oil pipe at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Photo: Reuters
General view of Aramco tanks and oil pipe at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Photo: Reuters
Middle East

Saudi Aramco’s quarterly profit soars on higher oil prices, refining margins

  • Oil majors Aramco, Exxon, BP have reported strong results in recent weeks as Western sanctions against Russia boosted crude, gas prices
  • CEO Amin Nasser expects continued growth in oil demand for the rest of the decade

General view of Aramco tanks and oil pipe at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Photo: Reuters
General view of Aramco tanks and oil pipe at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia. Photo: Reuters
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