Saudi selling over Brent have the quality of their oil built in. They actually have like 10 different blends they sell, not everything is over Brent. You should check oil price.com
This size of capital expenditure is only $12b difference when production volume is 1/7 of Armaco. or you think that avg salary of Armaco higher than Exxon? that make profits lower for Aramco.
With lower costs and higher volume. Armaco profits should be 7 times not 3 times.
The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion.
Aramco has embarked on the largest capital spending program in its history, and last year our capex rose by 18.0% to reach $37.6 billion.
In 2022, Aramco’s average hydrocarbon production was 13.6 million barrels of oil equivalent per day (mmboed), including 11.5 million barrels per day (mmbpd) of total liquids.