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Aramco earns more profit than Apple, Google, and Amazon

Saudi company Aramco has surpassed international technology companies Google and Apple, as well as Amazon, in worldwide quarterly profits for the year 2021.

The list also includes other Aramco-type companies such as Shell and ExxonMobil.

According to Arab News, Aramco’s profit in the third quarter of the year has increased by 158% due to the recent rise in oil prices.

During the same period last year, the profit was 114 billion Saudi riyals or 30 billion US dollars, but in the third quarter of this year, the profit is 359 billion Saudi riyals or 96 billion US dollars.

During the same period last year, the profit was 114 billion Saudi riyals (30 billion US dollars)

Amin Nasir, CEO, Aramco, said: “Our exceptional performance is the result of growing economic activity in key markets. This has increased the demand for energy sources. In addition, our low-cost position has played a role. Our economic discipline and our ability to deliver the necessary energy and chemicals to our consumers have also been important in this regard.

According to him, the global economy is still facing some problems due to difficulties in the supply chain. But we are hopeful that energy demand will remain strong in the future.

“Looking to the future, we believe in long-term investment,” he added. We will continue our low-cost and low-carbon emissions policies as in the past. So that we can reduce carbon emissions from our company’s assets to zero percent by 2050, including Scope One and Scope Two in terms of greenhouse gases.

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