This company earned so much profit in one year, GDP of 135 countries was left behind

Saudi Aramco Result 2022: If I tell you that a company made so much profit in just one year, which is more than the GDP of about 135 countries, then you might not believe it. Although it is true. Saudi Arabia’s government oil company Saudi Aramco has done this feat.

This much profit happened in 2022

Saudi Aramco made a profit of $ 161.1 billion in the last year i.e. 2022. This profit of the company is 46 percent more than a year ago i.e. in 2021. On the other hand, if we look at the figures of the World Bank, then out of 190 countries of the world, there are only 55 countries whose GDP is more than 161 billion dollars. In other words, the profit earned by Saudi Aramco in the year 2022 is more than the GDP of 135 countries.

These big companies left behind

How huge is the profit made by the company, it can be gauged from the fact that the profits of Saudi Aramco alone are equal to the profits of famous American companies like Google, Amazon, Tesla and Microsoft. Can’t even do it together. The total profit of the year 2022 of these four big companies does not reach even 161 billion dollars.

this war benefited

In fact, during the year 2022, the world faced many ups and downs. Russia attacked Ukraine in the second month of the year itself. The war that started in Eastern Europe then (Russia Ukraine War) continues even after more than a year. This war has affected the whole world. Due to this, last year many countries of the world faced a serious food crisis. Inflation is still at the highest level in decades in many developed countries due to the increased prices of food items. On the other hand, due to this war, there are many people who are benefiting. Especially the companies engaged in oil business have earned a lot of profit.

Record profits due to these reasons

Saudi Aramco’s record profits were due to higher crude oil prices, a jump in sales and higher margins on refined petroleum products. Due to these reasons other companies associated with oil business also made huge profits. Last year, all the top companies in this sector like BP, Shell and Chevron made record profits. Exxon of this sector got a huge profit of $ 56 billion during 2022.

The investors of the company also became rich

Talking about Saudi Aramco, in the year 2022, the company’s capital expenditure (Saudi Aramco Capex) increased by 18 percent to reach $ 37.6 billion. The company expects capital expenditure this year to be between $45 billion and $55 billion. Due to record profits, the company’s board has announced a dividend of $ 19.5 billion to investors for the fourth quarter of 2022 i.e. October-December quarter (Saudi Aramco Dividend). This dividend is 4 percent higher than the July-September 2022 quarter. Apart from this, the board has also suggested giving a bonus share (Saudi Aramco Bonus Share). Under this, the eligible shareholders of the company will get one bonus share for every 10 shares held.

This record is also in the name of the company

There are other records in the name of this government company of Saudi Arabia. As per the available data, 66,800 workers were working with Saudi Aramco last year. This company created panic in the year 2019 by bringing IPO. The company raised a record $25.6 billion in its IPO by selling 3 billion shares. It is still the biggest IPO in the world.

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