On Sunday Saudi oil giant Aramco reported record earnings of $48.4bn for the second quarter of its 2022 financial year, a 90% year-on-year increase and represents the highest earnings for the world’s top oil exporter.

For the company’s main shareholder — the Saudi Arabian government — it has been a very lucrative year so far as the oil giant paid out dividends totalling $37.6bn, evenly split between the first two quarters, from the $87.9bn