Aramco's profits for Saudi base oils rose by more than 31% in 2022

Saudi Aramco Base Oil Company profits in 2022 rose 31.6% to 1.9 billion riyals, compared to 1.5 billion riyals in 2021.

The company's revenues also rose by 20% to 10.6 billion riyals from 8.8 billion riyals in 2021.

The Board of Directors recommended distributing cash dividends to shareholders for the second half of 2022 worth SAR 841 million and a share of SAR 5 per share.  

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