The Saudi oil company Saudi Aramco reported on record revenue and arrived following the results of the second quarter and the first half of 2022, comes in a message that quotes Forbes.
Pure revenue amounted to $ 48.4 billion per quarter, or $ 87.9 billion for the first half of the year. Free cash flow is estimated at $ 34.6 billion and $ 65.2 billion, respectively.
Pure revenue in the second quarter increased by 90% compared to the same period of 2021. The company said that these are the best results for her for the quarter since 2019, when she spent an IPO and became public.
The main reason for large incomes is high oil prices and significant volumes sold, as well as an increased margin from oil refining, the report said. In the third quarter, Saudi Aramco will pay investors $ 18.8 billion dividends.
Due to high oil prices, record results for the second quarter were also shown by other international energy companies, including Shell and Exxon Mobil Corp. Prices rose sharply against the background of the invasion of the Russian Federation to Ukraine and sanctions of the United States, Great Britain and the European Union against oil from Russia.