Net profit Oil l& Gas Companies – 2023

The Saudi Arabian company Aramco leads the industry, posting a net profit of $121 billion. This figure is lower than the $161 billion recorded in 2022. The decline in profits is attributed to lower crude oil prices and sales volumes, as well as reduced profitability in the chemicals and refining industries.

Recognized as one of the most financially stable companies in Asia and worldwide, Aramco outperforms other industry giants. By comparison, the largest U.S. oil company, ExxonMobil, reported profits of $36 billion, about one-third of Aramco’s. Other companies, like Chevron and TotalEnergies, reported significantly lower profits of $21 billion each.

In South America, Petrobras stands out as a leader, with a profit of $25 billion, surpassing companies like Chevron, Shell, BP, and TotalEnergies.

In Kazakhstan, the national company KazMunayGas achieved a net profit of $2 billion in 2023, 60 times less than Aramco. The Italian state-participated Eni reported a profit of $5 billion.

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