Aramco’s 2023 net income second-highest in history
Saudi Arabia The company’s 2023 net income was only bested by its record-breaking 2022 figure of USD 161.1 billion.
Aramco reported hydrocarbons production of 12.8 million boepd, including 10.7 million bpd of total liquids.
The company also recorded capital investments of USD 49.7 billion for 2023, up 28% from its 2022 figure of USD 38.8 billion.
Its 2024 capital investments are projected to be between USD 48 billion and USD 58 billion.
In comments reported by Reuters, Aramco CEO Amin Nasser said on Monday that the oil giant would be seeking out new investment in China, aiming to capitalise on the country’s expanding petroleum demand.
Recent Posts
Eni may spin off new satellites for high-investment oil projects
Eni is considering spinning off new satellite companies for high-investment oil and gas projects, including ones in Indonesia and Côte… Read More
ADNOC Drilling wins $1.7-billion drilling contract
ADNOC Drilling announced on Monday it has secured a "transformational" USD 1 Read More
QatarEnergy farms into ExxonMobil blocks in Egypt
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt,… Read More
Subsea7 unveils contract win in Turkish Black Sea
Subsea7 on Friday announced the award of a contract valued at up to USD 500 million to the Subsea Integration… Read More
Sharjah’s SNOC acquires stake in Eni block in UAE
Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More
GeoPark signs offtake deal with Vitol in Colombia
Colombia-based GeoPark has signed an offtake and prepayment agreement with Dutch commodities trading firm Vitol for a minimum of 20,000… Read More