ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Middle East

Saudi Aramco 2021 profit soars on higher oil prices

branded oil tanks at Saudi Aramco oil facility in AbqaiqBranded oil tanks at Saudi Aramco oil facility in Abqaiq.   © Reuters

DUBAI (Reuters) -- Saudi Arabian state oil giant Aramco 2222.SE on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher energy prices.

Net profit rose to $110 billion (($1 = 3.7515 riyals) for the year that ended December 31, from $49 billion a year earlier.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more