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Saudi Arabia has long complained that focusing on climate change at the expense of energy security would further fuel inflation and other economic woes.
Aramco's net income of $39.5 billion was up from $21.7 billion compared with the same period in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins," it said in a press release.
Aramco president and CEO Amin Nasser cautioned that the company's outlook remained uncertain due in part to 'geopolitical factors'.
The attack near the Formula One venue, as well as a wave of other assaults, comes ahead of the seventh anniversary of a Saudi-led coalition's military intervention against the rebels in Yemen, a country in the grip of a major humanitarian crisis.
The announcement came hours after Yemen's Houthi rebels targeted several locations, including Aramco facilities, in cross-border armed drone attacks.
Saudi energy giant Aramco saw its shares hit a record high on Thursday, as global oil prices spiked amid Russia's invasion of Ukraine.
Saudi Arabia said Sunday it will transfer 4 percent of the stock of its 'crown jewel' Aramco, a state-run oil giant, to the Kingdom's sovereign wealth fund.
Following the deal, Aramco will hold a 51 percent stake in newly formed subsidary Aramco Gas Pipeline Company and sell a 49 percent stake to investors.
This comes after the Saudi-led coalition said a missile fired from Yemen had been intercepted as residents reported hearing loud blasts in the capital.
![Aramco [GETTY]](/sites/default/files/styles/large_16_9/public/media/images/245EEF0F-5E03-42B5-8A2B-7E93431DAA8D.jpg?h=d1cb525d&itok=1rUU0IgU "Aramco [GETTY]")
Saudi Aramco said it has signed a $15.5 billion lease and leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and Hassana Investment Company in its second major infrastructure deal this year.