Global press glorifies “Aramco” earnings, highest net income of ‎a company in the world

Global press glorified the record profits recorded by Saudi Aramco for the year 2022, as Reuters described them as record profits and that they exceeded analysts’ expectations, adding that the oil giant Saudi Aramco announced, on Sunday, that it achieved a record net profit in 2022, supported by higher prices, capacity, increased quantities sold, and improved margins for refined products. Net profit rose to $161.1 billion for the year ended Dec. 31, from $110 billion a year earlier, and compared to the average analyst estimate of $162.17 billion.

While CNBC said, the oil giant Aramco recorded a record net income of $ 161.1 billion for the year 2022, an increase of 46.5 percent year on year, referring to the statement of Amin Nasser, CEO of Aramco, “This may be the highest net income ever recorded.” ever in the corporate world.”

For its part, the Associated Press said, “Saudi Aramco, the oil giant, achieved profits in 2022 amounting to $ 161 billion, supported by high crude oil prices.”

The Independent described Saudi Aramco as a giant and its profits of $161 billion last year came as a result of high crude oil prices. And it represents “the highest annual profits since listing on the stock market,” referring to the statement of the CEO of Saudi Aramco and its president, Amin Nasser, in which he said: “Given that we expect oil and gas to remain essential in the foreseeable future, the risks of lack of investment in our industry real – including contributing to higher energy prices.”