Saudi Arabia–United States relations

Saudi Aramco unveils record $48.4 billion profit in Q2

Oil giant Saudi Aramco yesterday unveiled record profits of $48.4 billion in the second quarter of 2022, after Russia's war in Ukraine and a post-pandemic surge in demand sent crude prices soaring.    

Net income leapt 90 percent year-on-year for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5 billion for Q1.    

Pompeo in Saudi Arabia for visit focused on Iranian threats

U.S. Secretary of State Mike Pompeo met with Saudi Arabia's King Salman and the crown prince on Feb. 20 to discuss shared security interests in the Gulf and threats from Iran. He also toured a sprawling desert air base in Saudi Arabia where a few thousand U.S. troops are deployed as part of a wider effort by the Trump administration to stymie Iran's regional reach.

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