Saudi giant’s profit skyrockets to whopping $161.1 bln with oil & gas seen as ‘essential’ in energy arsenal

Saudi state-owned oil and gas player Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high energy demand, tight supply and elevated oil and gas prices while the firm’s progress in low-carbon solutions and technologies serves as the cherry on top of a bumper year for this energy giant, which continues to expand its oil and gas investments.