Saudi Oil Company Aramco Reports Net Profit of 133 Trillion Last Year, Up 124% Year-on-Year

[Image source=Yonhap News]

[Asia Economy Reporter Jang Hyowon] Saudi Arabia's state-owned oil company Aramco reported a net profit last year that more than doubled compared to the previous year.

According to foreign media on the 20th (local time), Aramco announced in a statement released that day that its net profit last year was $110 billion (approximately 133.7 trillion KRW).

This figure represents a 124% increase compared to the net profit of $49 billion in 2020, when the COVID-19 pandemic began.