Saudi Aramco’s average hydrocarbon production level in 2022 reached 13.6 million barrels per day of oil equivalent.
Saudi Aramco, the world’s largest oil company in terms of production and reserves, received a record net profit of $161.1 billion in 2022 against $110 billion last year. The indicator rose by 46.5%, according to the company’s website on Sunday, March 12.
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The record financial results were driven by strong oil prices and sales volumes, as well as improved refining margins. Saudi Aramco’s fourth quarter dividend payments totaled $19.5 billion
The company’s free cash flow in 2022 was $148.5 billion, an increase of 38% compared to 2021. The amount of the company’s capital expenditures increased by 18%, to $37.6 billion. In 2023, the figure could increase to $45-55 billion, the company said.
Saudi Aramco’s average hydrocarbon production level in 2022 reached 13.6 million barrels per day of oil equivalent (+10.6% in 2021). The production volume of liquid hydrocarbons reached 11.5 million bpd.
Earlier in Russia, the fall in oil and gas revenues was estimated. In March alone, the Russian state budget will receive less than 132.1 billion rubles.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.