Energy giant Saudi Aramco reported a 124% rise in net profit in 2021 on Sunday from 2020, surpassing pre-pandemic levels, hours after renewed attacks by rebels in neighboring Yemen on its facilities.
Saudi Aramco made a net profit of $110 billion (99 billion euros) in 2021, compared to $49 billion in 2020, according to a press release from the group.
The Saudi energy giant had announced a net profit of 88.2 billion dollars in 2019, before the coronavirus pandemic hit the markets with considerable losses for the oil and aviation sectors in particular.
Aramco's earnings announcement came amid tight oil markets, with oil prices rising sharply following Russia's invasion of Ukraine.
And a few hours after a new attack by Houthi rebels against Aramco facilities in southern Saudi Arabia, a country which leads a military coalition supporting Yemeni power against Houthi rebels supported by Iran.
According to this coalition, Saudi anti-aircraft defenses destroyed a ballistic missile and nine drones but booby-trapped missiles and drones hit their targets, including an Aramco distribution station in the south and a gas liquefaction plant of the group in the West.