Saudi Aramco doubled both net profit and free cash flow last year

The Saudi oil giant benefited from rising oil and gas prices last year, with net earning totaling USD 110bn.

BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY DANIEL FRANK CHRISTENSEN

After seeing its annual profit drop to USD 49bn in 2020, affected by both Covid-19 and an oil price crisis, 2021 turned out be a markedly more lucrative year for the world's largest oil company, Saudi Aramco.

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