Saudi Aramco, the state-owned oil company of Saudi Arabia, which is a major source of crude oil for Japan, has seen its net profit for the past year rise since its listing in 2019 against the backdrop of soaring oil prices following Russia's military invasion. became the most
According to the financial results announced on the 12th, Saudi Aramco, the state-owned oil company of Saudi Arabia, had a final profit of 161.1 billion dollars last year, or more than 21 trillion yen in Japanese yen.
A 46% increase from the previous year, the highest number since Saudi Aramco listed on the domestic stock exchange in 2019.
Regarding the reason for the increase in profit, Saudi Aramco CEO Nasser commented, ``Because oil prices have risen due to increased global demand.''
In the international crude oil market, immediately after Russia's military invasion of Ukraine last year, the futures price of crude oil temporarily exceeded 130 dollars per barrel. There has also been a movement to switch procurement sources from Japan to Saudi Arabia.
However, since then, the price of crude oil has turned downward due to concerns about a slowdown in the global economy, and this year it has remained at the level of 72 dollars per barrel to 82 dollars.
CEO Nasser commented, ``There are risks such as rising energy prices due to lack of investment in the oil industry,'' and wants to attract further investment from importing countries.