Mister Bone Saw, Fuck Yeah!! Saudi Aramco Reports $161 Billion In Profits For 2022

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Saudi Aramco has reported a record $161bn (£133bn) profit for 2022, the largest annual profit ever recorded by an oil and gas company, fuelled by soaring energy prices and rising global demand.

The largely state-owned company’s profits rose by 46% year on year and it made more than the recent bumper results reported by Shell, BP, Exxon and Chevron combined. “Aramco delivered record financial performance in 2022, as oil prices strengthened due to increased demand around the world,” said Amin Nasser, the chief executive of Saudi Aramco, which is listed on the Riyadh stock market.

The world’s biggest oil company, which is 95% owned by the Saudi Arabian government, declared a $19.5bn dividend after its fourth quarter trading.

Its board has also recommended the issuance of bonus shares, with investors receiving an extra share for every 10 they currently own.

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https://www.theguardian.com/business/2023/mar/12/saudi-aramco-161bn-profit-is-largest-recorded-by-an-oil-and-gas-firm

[lapfog_1]

1. I guess they will have enough money to build this ridiculous vanity project

https://www.architecturaldigest.com/story/saudi-arabia-building-100-mile-long-linear-city

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2. That reminds me of the movie "Elysium".

The filthy rich lived on a giant orbiting station, profiting off the shithole that they turned Earth into.

That city looks like the first step toward that goal, until technology improves.

[lapfog_1]

3. Prince BoneSaw meets Elon "fly a Tesla in Space" Musk.

and there ya go.

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4. That might explain why they've been hanging out