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News link only: Saudi Aramco busted through the roof with profit

Comments

  • MarkMark
    Whaaaat! I'm shocked. Not.
  • yogibearbullyogibearbull
    Well, look at profit jumps for global oil majors BP (triple?), XOM, CVX, etc. If +90% is busting through the roof, what would be descriptors for those other oil majors?

    I think that much of Aramco profits first flow to MBS/Saudi Government and only the remainder (+90%) to Aramco stockholders.
  • CrashCrash
    gotcha...
  • yogibearbullyogibearbull
    edited August 2022
    Global energy co profits for 2022/Q2 from Twitter LINK.

    image
  • Derf
    Does this mean I'll be getting $.20 off per gallon pumped ?!
  • Old_JoeOld_Joe
    Your check from Prince Salman is in the mail!
  • CrashCrash
    oh, boy. pretty obscene. i'm still seeing $5.56 at some gas stations. Oahu.
  • Derf
    @Crash : $3.38 - $3.48 in my neck of the woods.
  • CrashCrash
    +1. You're on the mainland, yes?
  • Observant1
    Filled my tank yesterday.
    Regular gas was $4.35/gallon at Costco (often one of the least expensive places for gas).
  • johnNjohnN
    edited August 2022
    Very scare oil now
    Prob won't buy more
    Oil energy seem plateau, so expensive to jump in

    Maybe good buy oil bonds or sale weekly put bet -15% off price


    Updated
    Oil big dumps off today wti -10% haircuts
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