{"id":6975,"date":"2022-05-17T13:09:31","date_gmt":"2022-05-17T13:09:31","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=6975"},"modified":"2022-05-15T14:37:45","modified_gmt":"2022-05-15T14:37:45","slug":"saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","title":{"rendered":"Saudi Aramco: Oil giant sees profits jump as prices surge"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world.<\/b><\/p>\n

The state-owned energy giant saw an 82% jump in profits, with net income topping $39.5bn (\u00a332.2bn) in the first quarter.<\/p>\n

In a press release, the firm said it had been boosted by higher prices, as well as an increase in production.<\/p>\n

The invasion of Ukraine has seen oil and gas prices skyrocket.<\/p>\n

Russia is one of the world’s biggest exporters but Western nations have pledged to cut their dependence on the country for energy.<\/p>\n

Oil prices were already rising before the Ukraine war as economies started to recover from the Covid pandemic and demand outstripped supply.<\/p>\n

Other energy firms including Shell, BP and TotalEnergies have also reported soaring profits as a result, although many are incurring costs exiting operations in Russia.<\/p>\n

Energy security ‘vital’<\/b><\/p>\n

Aramco’s president and chief executive, Amin Nasser, said on Sunday that the company was “focused on helping meet the world’s demand for energy that is reliable, affordable and increasingly sustainable”.<\/p>\n

“Energy security is vital and we are investing for the long-term,” he added.<\/p>\n

In March, the oil and gas producer pledged to ramp up investment and boost output significantly over the next five to eight years.<\/p>\n

Prime Minister Boris Johnson visited the world’s biggest oil exporter that month to try to persuade it to release more oil into world markets in the short-term.<\/p>\n

Saudi Arabia is the largest producer in the oil cartel Opec (Organization of the Petroleum Exporting Countries) and by raising production it could help to reduce energy prices.<\/p>\n

But the country has been condemned for a range of human rights abuses: its involvement in the conflict in neighbouring Yemen, the murder in 2018 of journalist Jamal Khashoggi, for jailing dissidents and for widespread use of capital punishment.<\/p>\n

Aramco itself also faces security challenges because of the conflict in Yemen, with Huthi rebels targeting some of its sites and temporarily knocking out a big portion of the kingdom’s crude production.<\/p>\n

Its latest set of results come days after Aramco reclaimed the top spot as the world’s most valuable company from Apple for the first time in almost two years.<\/p>\n

Aramco also announced on Sunday it would issue 20 billion bonus shares to shareholders – one share for every 10 shares already owned.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. The state-owned energy giant saw an 82% jump in profits, with net income topping $39.5bn (\u00a332.2bn) in the first quarter. In a press release, the firm said it had been boosted by […]<\/p>\n","protected":false},"author":84,"featured_media":6974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-6975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nSaudi Aramco: Oil giant sees profits jump as prices surge - Botswana<\/title>\n<meta name=\"description\" content=\"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Aramco: Oil giant sees profits jump as prices surge\" \/>\n<meta property=\"og:description\" content=\"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-17T13:09:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Saudi Aramco: Oil giant sees profits jump as prices surge\",\"datePublished\":\"2022-05-17T13:09:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\"},\"wordCount\":411,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\",\"name\":\"Saudi Aramco: Oil giant sees profits jump as prices surge - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg\",\"datePublished\":\"2022-05-17T13:09:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg\",\"width\":976,\"height\":549,\"caption\":\"Saudi Aramco: Oil giant sees profits jump as prices surge\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi Aramco: Oil giant sees profits jump as prices surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi Aramco: Oil giant sees profits jump as prices surge - Botswana","description":"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","og_locale":"en_US","og_type":"article","og_title":"Saudi Aramco: Oil giant sees profits jump as prices surge","og_description":"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-05-17T13:09:31+00:00","og_image":[{"width":976,"height":549,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Saudi Aramco: Oil giant sees profits jump as prices surge","datePublished":"2022-05-17T13:09:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge"},"wordCount":411,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","economy","head lines","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge","name":"Saudi Aramco: Oil giant sees profits jump as prices surge - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg","datePublished":"2022-05-17T13:09:31+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world. ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-628110162705d.jpg","width":976,"height":549,"caption":"Saudi Aramco: Oil giant sees profits jump as prices surge"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-aramco-oil-giant-sees-profits-jump-as-prices-surge#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"Saudi Aramco: Oil giant sees profits jump as prices surge"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/6975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=6975"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/6975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/6974"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=6975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=6975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=6975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}