ROCKETING energy prices have gifted a Saudi oil giant record profits of £39.8billion in just three months.
Aramco is the latest big firm to announce an enormous rake-in as Russia’s invasion of Ukraine cripples the global economy and heaps misery on hard-up families.
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The firm’s 90 per cent year-on-year increase for the second quarter of 2022 is the biggest for the world’s largest energy exporter since its public listing three years ago.
The announcement comes amid mounting calls for windfall taxes on fatcat firms enjoying booming business as everyone else endures hardship.
Tory PM contenders Liz Truss and Rishi Sunak are under pressure to claw back cash from companies profiting from the cost of living crisis.
Announcing his firm’s record haul yesterday, Aramco president and CEO Amin Nasser said he expected huge returns for years to come.
Analysts also described Aramco’s incredible figures as “the biggest quarterly adjusted profit of any listed company” yesterday.
Nasser said: “We expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts.”
