The Saudi Aramco logo pictured at an oil facility in Saudi Arabia. 
File photo: Reuters
The Saudi Aramco logo pictured at an oil facility in Saudi Arabia. File photo: Reuters

Oil giant Saudi Aramco makes record US$161 billion profit, highest by publicly-listed firm

  • Huge amount followed energy prices rising after Russia launched war on Ukraine and Western sanctions began; 2021’s profit was US$110 billion, US$49 billion in 2020
  • Shocking for a firm to make this much ‘through sale of fossil fuel, single largest driver of the climate crisis, and a global cost-of-living crisis’, said Amnesty International

The Saudi Aramco logo pictured at an oil facility in Saudi Arabia. 
File photo: Reuters
The Saudi Aramco logo pictured at an oil facility in Saudi Arabia. File photo: Reuters
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