The "celebration" of the largest company in the world continues
Doron Peskin, Middle East Expert 15.05.2022
Saudi Arabia's national oil company Aramco, which last week was worth more than Apple's as the No. 1 company of the world, reports a sharp increase in profits.
According to the company, its net profit in the first quarter of the year jumped by about 82% to about $ 39.5 billion. This profit is higher than expected.
The increase in profits is a result of the rise in oil prices with the end of the corona closures and tensions in Eastern Europe. It should be noted that in the first quarter of 2022, oil prices rose by about 70%.
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