Saudi Aramco expects a net profit of USD 39.5 billion in the first quarter of 2022.

Saudi Aramco reported a record quarterly net income of $39.5 billion in Q1 2022 . The corporation controls almost all of the country's oil production plants .

Saudi Aramco, the state-owned oil and gas company in Saudi Arabia, reported on Sunday that its net income increased to a record-breaking $39.5 billion in the first quarter of 2022, which is 82% higher than the same period in 2021.Aramco reported a record quarterly net income of $39.5 billion in Q1, up 82% from $21.7 billion in Q1 2021, mainly due to higher crude oil prices and volume sold, as well as improved downstream margins, according to the company.The corporation controls almost all of the country's oil production plants.(S