Saudi Aramco Reports Record $48.4 Billion Quarterly Profits
Aug. 14 (UPI) — Aramco, the largely state-owned Saudi oil company, reported a 90% surge in second-quarter profits on Sunday.
Aramco reported $48.4 billion net income for the three-month period ending in June, thought to be one of the largest quarterly profits in history.
The quarterly earnings were up nearly double from its $25.5 net income during the same period last year and above analysts’ expectations of $46.2 billion.
It also reported half-year net income of $87.9 billion, widely surpassing other major oil companies including ExxonMobil, Chevron and BP.
The Saudi Arabian government holds a 95% stake in Aramco and will take the majority of an $18.8 billion dividend set to be distributed before the end of October.
The company cited strong market conditions as a driving factor behind the earnings boom as oil prices rose as high as $130 per barrel earlier this year.
“Our record second-quarter results reflect increasing demand for our products — particularly as a low-cost producer with one of the lowest upstream carbon intensities in the industry,” Aramco President and CEO Amin Nasser said.
Gas prices, however, have begun to recede some, with the national average in the United States falling to $3.99 per gallon last week, falling below $4 for the first time since March. It went as high as $5.02 onJune 14.
Nasser added Aramco expects post-pandemic recovery in oil demand to continue for the remainder of the decade despite “downward economic pressures on short-term global forecasts.”
“While global market volatility and economic uncertainty remain, events during the first half of this year support our view that ongoing investment in our industry is essential — both to help ensure markets remain well supplied and to facilitate an orderly energy transition,” he said.
The record profits for Aramco come after U.S. President Joe Biden faced criticism for being photographed fist-bumping Saudi Crown Prince Mohammed bin Salman during a visit to the Middle East last month.
Lawmakers said Biden’s actions indicated efforts to warm up to the oil-rich government despite Western intelligence indicating Mohammed was directly responsible for the killing of Washington Post journalist Jamal Khashoggi in Turkey in 2018.
There’s also the little problem of Hillary’s incredible corruption (making her and Biden birds of a feather). And of course, the fact that Hillary’s unsecure server damaged national security in a way that would have seen an ordinary, politically unconnected person spend the rest of her life in prison—which, not coincidentally, is where Papa Joe belongs for using his debauched son Hunter as the bagman for decades of anti-American corruption.
ANDREA WIDBURG
All criminal roads lead back to Hillary Clinton: Former US attorney
https://www.youtube.com/watch?v=7rTyFs8gbpU
HOW MANY OF THESE PIGS ARE GAMER LAWYERS?
“Protect and enrich.” This is a perfect encapsulation of the Clinton (LAWYERS-2) Foundation and the (LAWYERS-2) Obama book and television deals. Then there is the Biden (LAWYERS-3) family corruption, followed closely behind by similar abuses of power and office by the (LAWYER) Warren and Sanders families, as Peter Schweizer described in his recent book “Profiles in Corruption.” These names just scratch the surface of government corruption (YOU CAN ADD LAWYER KAMALA HARRIS AND LAWYER CHUCK SCHUMER TO THE PATHEION OF DEMOCRAT BRIBES SUCKING CORRUPT LAWYER POLITICIANS!). BRIAN C JOONDEPH
SAUDI DIRTY MONEY ENDS UP IN THE CLINTON FOUNDATION FAMILY SLUSH FUND
Jesse Watters: The Clintons' crooked connections
https://www.youtube.com/watch?v=tnPSvkxKuLg
One topic that Hillary is quick to criticize President Trump on is his relationship with Saudia Arabia. It’s ironic given the Clinton Foundation’s refusal to state that they will no longer accept financial donations from The Kingdom as others have.
But the Clinton Foundation, to which donations declined dramatically after Clinton’s 2016 defeat, has taken multi-million dollar contributions from Saudi Arabia in the past and isn’t ruling out continuing to accept them.
The Clinton Foundation accepted between $10 and $25 million from the Kingdom of Saudi Arabia, with donations coming as late as 2014. A now-defunct group named “Friends of Saudi Arabia,” which was reportedly co-founded by a Saudi Prince and often worked as a PR front for the kingdom, also donated between $1 and $5 million.
Qatar's longstanding efforts to buy influence in the United States have, quite unsurprisingly, included substantial donations to the Clinton Foundation. In 2011, for example, the foundation accepted a $1 million gift from Qatar in honor of former president Bill Clinton's 65th birthday. Hillary was serving as secretary of state at the time, but failed to disclose the massive donation to the State Department despite her pledge to keep the agency apprised of the foundation's foreign donors.
Clinton pulled the 'dirtiest, dirtiest' tricks in American politics: Goodwin
https://www.youtube.com/watch?v=0MnyIh51EcY
All criminal roads lead back to Hillary Clinton: Former US attorney
https://www.youtube.com/watch?v=7rTyFs8gbpU
GROWING ISLAMIC FASCISM IN AMERICA… will it be as bad as we witness is happening to Europe?
https://mexicanoccupation.blogspot.com/2022/04/growing-islamic-fascism-in-america.html
Ilhan Omar Once Again Shows How Much She Hates America …She was enraged by Christians singing hymns on a plane.
‘Normal Marital Argument’: Muslim Tells Wife He’ll Behead Her If She Doesn’t Wear A Hijab...Welcome to the New Europe. ROBERT SPENCER
For Hollywood, China and various Islamic nations mean hundreds of billions of dollars in profit to corporate enterprises, so human rights concerns are placed in the back seat. RAJAN LAAD
HILLARY AND OBOMB’S DIRTY SAUDIS DICTATORS….
How much as she sucked in?
DANCING WITH DICTATORS.... BOTH THE CLINTONS ARE EXPERT DANCERS!
Hillary’s Russian connection
“Facilitating strategic technology transfer in return for money is an old Clinton game. The Chinese bought their way to access of considerable space technology when Bill Clinton was president. Remember Charlie Trie, Loral, and the rest of the crew?”
AND THEIR BRIBES JUST KEPT ROLLING……..
HILLARY & BILLARY AND RED CHINA!
“Facilitating strategic technology transfer in return for money is an old Clinton game. The Chinese bought their way to access of considerable space technology when Bill Clinton was president. Remember Charlie Trie, Loral, and the rest of the crew?”
A MONEY MAKING TRAITORSHIP!
"Ask Jeff Sessions about the charges. Money was flowing into the Clinton Foundation from all over the world, disguised, rerouted through a Canadian charity, all to obscure its origins."
ENDORSED BY MEXICO, HISPANDERING HILLARIA CLINTON VOWS THAT MEXICO WILL ELECT ALL FUTURE U.S. PRESIDENTS!
http://mexicanoccupation.blogspot.com/2018/07/la-raza-hillary-clinton-backs-mexican.html
In 1994, Voz Fronteriza received $6,000 from UC student activity funds and many of its writers are members of the Movimiento Estudiantil Chicano de Aztlan, which refers to the American Southwest as “occupied Mexico.” California attorney general Xavier Becerra, a former congressman once on Hillary Clinton’s short list as a running mate, boasts of his involvement with the militant group.
SWAMP EMPRESS HILLARY CLINTON
Leaked Julian Assange Message:
Hillary Is A ‘Well Connected, Sadistic, Sociopath’
"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now." ---- Patricia McCarthy - AMERICANTHINKER.com
Clinton Foundation Put On Watch List Of Suspicious ‘Charities’
http://mexicanoccupation.blogspot.com/2015/04/charity-navigator-clinton-foundation.html
"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now." ---- Patricia McCarthy - AMERICANTHINKER.com
Author Salman Rushdie Attacked on Stage in New York
Famed author Salman Rushdie, whose writings prompted the Supreme Leader of Iran to put a bounty on his head in 1989, was attacked ahead of a planned speech in New York on Friday, the Associated Press reports.
A man was witnessed storming the stage at the Chautauqua Institution and “punching or stabbing” Rushdie in the midst of the author being introduced, according to an Associated Press reporter on the scene. Rushdie suffered an “apparent stab wound to the neck,” reports ABC News.
The Sun U.S. reports: “According to images from the scene, there were splatters of blood on the walls in the Chautauqua Institute after the attack on author Salman Rushdie just before his lecture.”
Rushdie was transported to hospital via helicopter. His condition is currently unknown. The man who is believed to have attacked the author has reportedly been detained.
New York State Police has launched a swift investigation into the attack
Rushdie’s book “The Satanic Verses” has been banned in Iran since 1988, as many Muslims consider it to be blasphemous. A year later, Iran’s late leader Ayatollah Ruhollah Khomeini issued a fatwa, or edict, calling for Rushdie’s death.
A bounty of over $3 million has also been offered for anyone who kills Rushdie.
The Associated Press contributed to this report.
No comments:
Post a Comment