The world’s energy giants have a good year in 2022. Exxon, the largest of the private sector giants, reported a record annual net profit of $56 billion after Russia’s invasion of Ukraine sent oil prices soaring. Mouthwatering – unless you’re Saudi Aramco, in which case it’s peanuts. Last year, the desert kingdom’s oil giant brought in about $160 billion in net income, the most in corporate history.■
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