Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year (Amr Nabil/AP)

Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to lower energy prices.

Aramco made the announcement in a filing in Riyadh’s Tadawul stock market.