Contents

1. Updates

Saudi Aramco records another massive yearly profit. 2023 has the second highest profit in the oil giants 90 year history. It does represent a large drop compared to 2022, where unique events such as the war in Ukraine skewed prices and oil markets. However, this is not a downturn, rather a departure from abnormal oil market price. 2022 is a rather large blip in the otherwise steady upward trend in the company's profits.

Updates :-

• Urian Udell
  Lot of news sites reporting Aramco making a large fall in profit in 2023, but in reality it is back to business as usual.

More on this story at > >BBC

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