MARKETS

Saudi Aramco breaks record with massive profits

IN June US president Joe Biden admonished ExxonMobil for its massive profits thanks to high commodity prices, however Saudi Aramco has taken the crown for biggest profit of any listed company in all history, according to its second quarter results posted overnight.

Saudi Aramco chief Amin Nasser.

Saudi Aramco chief Amin Nasser.

Saudi Aramco's latest results showed it making over US$700 million in profit after tax every day over recent months as oil prices remained high. For the second quarter, it made $48.4 billion in net...

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