billion is so much money made in a year. what are they expected to say in the next half hour? expected to say in the next half hour? sally, ithink it is matching half hour? sally, ithink it is matching up half hour? sally, ithink it is matching up to half hour? sally, ithink it is matching up to the - half hour? sally, ithink it is matching up to the recordsl half hour? sally, i think it is - matching up to the records that aramco posted last year and to give you a sense, today we will hear from aramco, give you a sense, today we will hearfrom aramco, the give you a sense, today we will hear from aramco, the earnings for the period of april tojune this year and if you look at the same period last year during the same quarter, they had posted a profit of a9, almost $a9 billion which was huge at that time because remember these earnings came out last year during the peak of oil prices and they had crossed the $100 mark after the outbreak of the war in ukraine and saudi arabia, bec
saudi arabia is a huge player, the biggest in the world in the global oil market and as the world s biggest company aramco is based there, it is due to release figures in a few hours. the numbers for the first three months of the year will it show whether the oil giant is sad to see another record year or not? that is what happened last year. the saudi nation the corporation s main shareholder paid particular attention, of course to all of this. it attention, of course to all of this. , ., . ., , this. it is said to another s first-quarter this. it is said to another s first-quarter earnings - this. it is said to another s. first-quarter earnings which this. it is said to another s - first-quarter earnings which is first quarter earnings which is first quarter earnings which is first for the period ofjanuary to march 2023. last year was a record year for the company, reporting a profit of $161 billion for the full year, shattering all corporate earnings records. well, primarily
0ur middle east business correspondent sameer hashmi gave us his take. the first quarter earnings, which for the period of january to march 2023. a record year for the company. $161 billion for the full year, will this was primarily due to higher prices after the war broke out in ukraine. oil prices have touched a 14 year old high. in fact, infact, in in fact, in the first quarter of last year, oil prices have touched almost $100 a bottle after the war broke out between russia and ukraine in february. so it is unlikely that they will be able to regulate the same kind of earnings this year replicate. they were hovering between $70 a barrel to $80 a barrel. saudi arabia, along with other members, have slashed oil production in the last couple of months because of their concern
do stay tuned, we will have further developments on that story later in the day. later today, we will find out whether the worlds biggest company is set to see another record when it reports its results for the first three months of this year. last year it made a bumper $161 in profits. the global energy crisis helped fuel the gains and an agreement with russia over production helped push aramco s earnings up, but what now given the return to some level of stability in the energy market? our middle east business correspondent sameer hashmi gave us his take. the first quarter earnings, which for the period of january the first quarter earnings, which for the period ofjanuary to the first quarter earnings, which for the period of january to march 2023. a record yearfor the for the period of january to march 2023. a record year for the company. $161 billion for the year, will this was primarily due to higher prices
without saying, this is the bill you owe because this reaper cost $32 million. you are going to pay interest. i am more frightened for the future than i am the present day. this incompetence is derelict and dangerous. sean: biden, by refusing to get oil energy domestically, saudi arabia, their biggest oil company had the best year ever last year, $161 billion in profit. joe biden, even though he cut off a lot of the energy supplies to western europe, he s making, vladamir putin is making more money than ever before. because joe biden artificially reduced the world s supply of energy. now we re importing energy from venezuela. he s making putin rich, saudi arabia rich and venezuela rich. a year ago he bought oil even from iran. i m saying why wouldn t we