According to ArabiaNet, the Bloomberg report indicated that the company has not yet closed its accounts for the year 2020, adding that it may use last year's profits to write off debts, which will reduce the final number of net income.
The previous record for the company’s profits is $ 2.3 billion and it was recorded in 2009 and 2019.
The company, which sells 8 million barrels of oil and derivatives per day, made the largest part of its profits during the second quarter of last year, when oil prices collapsed, which allowed traders to buy oil at a low price and store it, then sell it at high prices in the futures market. p>
