Tuesday, November 1, 2022

OIL GIANT SAUDI ARAMCO HAS $42.48 PROFIT IN 3RD QUARTER

   DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, buoyed by the higher global energy prices that have filled the kingdom's coffers but helped fuel inflation worldwide.
   In a note to investors, the predominantly state-owned oil company said its average barrel of crude sold for $101.70 in the third quarter — up from $72.80 at the same point last year. It's Aramco's second-largest quarterly profit in its history, just before its second-quarter results this year saw a profit of $48.4 billion.
   It put its profits so far in 2022 at $130.3 billion, compared to $77.6 billion in 2021.


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