Beth: The Saudi Arabian Oil Company "Aramco" today announced its financial results for the second quarter of 2022.

The company achieved a 90% year-on-year increase in net income, and announced a dividend of 70.3 billion riyals ($18.8 billion) for the second quarter of 2022, to be paid during the third quarter.

Aramco has set a new record in quarterly profits since its IPO in 2019, due to the rise in crude oil prices, the increase in sold quantities, and the high profit margins of the refining sector.
(Extended details in Arabic report)