Saudi Aramco: Oil giant tops own record with $48.4bn quarterly profit

The staggering profit comes amid soaring oil prices in the aftermath of Russia’s invasion of Ukraine. …

“While global market volatility and economic uncertainty remain, events during the first half of this year support our view that ongoing investment in our industry is essential both to help ensure markets remain well supplied and to facilitate an orderly energy transition,” Aramco president and chief executive Amin Nasser said.

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