single day – Michmutters
Categories
Business

Oil giant Saudi Aramco: Company makes $700 million in profit every single day

Oil giant Saudi Aramco made an astonishing $700 million in profit every single day, the biggest quarterly profit of any publicly listed company in history.

The Saudi Arabian petroleum and gas company reported an eye-watering $68 billion (US$48.4 billion) of profit in the second quarter of 2022.

Its earnings were boosted by surging demand as Covid-19 restrictions were dropped around the world — and pushed even higher by Russia’s invasion of Ukraine.

Net income leapt 90 per cent year-on-year for the world’s biggest oil producer, which clocked its second straight quarterly record after announcing $55.46 billion (US$39.5 billion) for Q1.

Aramco’s massive Q2 windfall was the biggest quarterly adjusted profit of any listed company worldwide, according to Bloomberg.

The state-owned Saudi firm heads a list of oil majors raking in massive sums after ExxonMobil, Chevron, Shell, TotalEnergies and Eni also revealed multi-billion-dollar profits in Q2.

US President Joe Biden blasted ExxonMobil earlier this year as inflation surged, stating it made “more money than God”.

And the future looks bright for Saudi Aramco.

“While global market volatility and economic uncertainty remain, events during the first half of this year support our view that ongoing investment in our industry is essential,” Aramco president and CEO Amin Nasser said.

“In fact, we expect oil demand to continue to grow for the rest of the decade,” he added.

Net income rose 22.7 per cent from Q1 in “strong market conditions”, Aramco said.

Half-year profits were $123.41 billion (US$87.9 billion), up from $66.27 billion (US$47.2 billion) for the same period of 2021.

Aramco will pay a $26.39 billion (US$18.8 billion) dividend in Q3, the same as it paid in Q2.

It “continues to work on increasing crude oil maximum sustainable capacity from 12 million barrels per day to 13 million by 2027”, its earnings announcement said.

The quarterly profits, the highest since Aramco’s record-breaking IPO in 2019, beat a company-compiled analyst forecast of $64.86 billion (US$46.2 billion).

Aramco shares closed down 0.9 per cent at 40.5 riyals ($15.16) on the Saudi stock exchange. They are up 25 per cent this year.

‘crown-jewel’

Aramco floated 1.7 per cent of its shares on the Saudi bourse in December 2019, generating $41.28 billion (US$29.4 billion) in the world’s biggest initial public offering.

The “crown jewel” and leading source of income for the conservative kingdom temporarily supplanted Apple as the world’s most valuable company in March. It now lies second in the list with a market valuation of $3.37 trillion (US$2.4 trillion).

Saudi Arabia has sought to open up and diversify its oil-reliant economy, especially since Mohammed bin Salman’s appointment as crown prince and de facto ruler in 2017.

Despite raising production, Aramco has pledged to reach “operational net zero (carbon) emissions” by 2050. Carbon pollution is tallied in the country that uses the fuel, not where it is produced.

Saudi GDP jumped nearly 12 per cent in Q2 on the back of high oil prices, the government announced last month.

Abu Dhabi-based energy expert Ibrahim Elghitany said the oil bonanza was a “golden opportunity” for the country.

“Saudi Arabia has recently achieved financial surpluses that it did not achieve during the last decade, which helps to provide financing for its development projects,” Elghitany told AFP.

Nasser said Aramco recovered quickly from a series of attacks by Yemen’s Huthi rebels on its facilities earlier this year, including a dramatic strike in Jeddah that sent smoke billowing during a Formula One practice session in March.

“We were able to restore our production in all these facilities immediately. In a few weeks, all facilities were working and producing at full capacity,” he told a media conference call.

Oil prices have dropped by $42 per barrel from a peak in June due to growing supplies, but remain close to $140 (US$100).

The OPEC group of oil-producing countries has been gradually raising production, despite pressure from Western leaders including US President Joe Biden — who visited Saudi Arabia last month — to pump more.

Biden’s trip was seen as a climb-down after he previously promised to make Saudi Arabia a “pariah” over the killing of Washington Post columnist Jamal Khashoggi by Saudi agents in Turkey in 2018.

British Prime Minister Boris Johnson has also visited Saudi Arabia since the Russian invasion in February.

High oil prices are contributing to the inflationary pain suffered by consumers worldwide.

– with Andrew Backhouse, AFP

.

Categories
Sports

Cricket news 2022: Alana Kin hat-trick in Hundred women’s competition, Shane Warne tribute video

Australian leg-spinner Alana King has become the first cricketer to take a hat-trick in the Hundred women’s competition, achieving the rare feat on debut for the Trent Rockets on Saturday evening AEST.

The 26-year-old helped roll the Manchester Originals for 76 at Old Trafford, finishing her 20-delivery spell with stunning figures of 4/15 including 13 dot balls, the best bowling performance by a female Rockets player in the competition’s short history.

Watch The Hundred. Every Match Live & Exclusive to Fox Sports on Kayo. New to Kayo? Start your free trial now >

After removing West Indies veteran Deandra Dottin for a second-ball duck early in Manchester’s run chase, Player of the Match King returned to tear through the Originals middle-order.

The Victorian clean-bowled Cordelia Griffith before trapping rival spinner Sophie Ecclestone on the front pad the very next delivery.

And King completed the hat-trick by bowling Originals captain Kate Cross with a beauty that spun through the gate and crashed into the middle stump, leaving Manchester in dire straits at 7/45.

The Aussie tweaker, donning her trademark sunglasses, celebrated by raising an index finger and sprinting towards cover, reminiscent of the late Shane Warne’s unforgettable 700th Test wicket at the MCG in 2006.

King’s hat-trick took place on the same pitch that childhood hero Warne delivered his iconic “Ball of the Century” in 1993.

“Will I get my name up here at Old Trafford? That would be brilliant. Hopefully right next to Warnie,” King told Sky Sports post-match.

“He took poles here for fun, and I’m sure he was looking down pretty happy.

“He was a massive inspiration, but it wasn’t just me. It was kids all around the world who inspired him to pick up leg spin. He was definitely the reason I picked up leg spin. Hopefully he’s been proud watching down on me spin a few.

“When I was a bit younger, I did a couple of sessions with him. All I remember from that was him saying, ‘Spin it hard and have some fun’. I live by that every single day.

“That’s my first hat-trick. Not even in juniors did I take one. My first hat-trick at Old Trafford, I couldn’t have written it.

“As soon as I got that first wicket, I knew I had to keep aiming for the stumps. I’m just stoked that I can play my part for this team.”

King would have taken four wickets in four balls if the Rockets had reviewed her following delivery, which struck wicketkeeper Eleanor Threlkeld on the pads.

King will be particularly relieved to tick off the career milestone after missing out on a hat-trick during the recent Commonwealth Games in Birmingham.

During Australia’s group stage match against Barbados at Edgbaston, captain Meg Lanning dropped a regulation catch at first slip on the hat-trick delivery.

King also starred with the bat on Saturday, smacking an 19 not out off nine deliveries at the death, including two sixes, to steer the Rockets, who were without Lanning and England all-rounder Nat Sciver for personal reasons, towards a defendable total of 5/119.

English wicketkeeper Abigail Freeborn top-scored for the Rockets with an unbeaten 45 off 38 balls, and the Originals came nowhere near chasing the modest total, ultimately suffering a 43-run defeat.

“In the first half, I thought we bowled and fielded really well, and we were happy chasing 120. But then the second bit, we didn’t play like we wanted to play,” Originals coach Paul Shaw said.

“Alana King’s a quality performer who will be around for a long time. She bowled really, really well. But we didn’t play her that well.”

King also held onto a tough outfield catch to remove England’s Ami Campbell for 13 and cap off a superb all-round performance.

“Pretty special but as I said, I’m here to do my job for the team and I’m glad it came off today,” King said.

“It was a fresh wicket today, it was a bit dry and hoping there was some spin and there was. Stoked to get the win and happy I can contribute.

“The atmosphere was absolutely incredible. To get our first win was pretty special. We knew we were under par with the bat, and we needed to stick to our game plan with the ball. We wanted to take some early wickets in the powerplay, which we did. As soon as we got their two openers out, we knew the pressure was back on them.”

The last 10 months of King’s career has been nothing short of extraordinary — after winning a Women’s Big Bash League title with the Perth Scorchers in October last year, she made her international debut in all three formats during the recent home summer.

She was a crucial member of Australia’s undefeated Ashes campaign and World Cup triumph in New Zealand before winning a Commonwealth Games gold medal in Birmingham earlier this month.

Meanwhile, Australian superstar Ellyse Perry also impressed on Hundred debut for the Birmingham Phoenix with a blistering 58 (31) against the Welsh Fire in Cardiff.

Player of the Match Perry combined with compatriot Sophie Molineux for a crucial fourth-wicket partnership of 82 in 54 balls on the way to a 19-run victory.

The Rockets will next face Birmingham at Edgbaston on Monday, with the first ball scheduled for midnight AEST.

.

Categories
Sports

Cricket news 2022: Alana Kin hat-trick in Hundred women’s competition, Shane Warne tribute video

Australian leg-spinner Alana King has become the first cricketer to take a hat-trick in the Hundred women’s competition, achieving the rare feat on debut for the Trent Rockets on Saturday evening AEST.

The 26-year-old helped roll the Manchester Originals for 76 at Old Trafford, finishing her 20-delivery spell with stunning figures of 4/15 including 13 dot balls, the best bowling performance by a female Rockets player in the competition’s short history.

Watch The Hundred. Every Match Live & Exclusive to Fox Sports on Kayo. New to Kayo? Start your free trial now >

After removing West Indies veteran Deandra Dottin for a second-ball duck early in Manchester’s run chase, Player of the Match King returned to tear through the Originals middle-order.

The Victorian clean-bowled Cordelia Griffith before trapping rival spinner Sophie Ecclestone on the front pad the very next delivery.

And King completed the hat-trick by bowling Originals captain Kate Cross with a beauty that spun through the gate and crashed into the middle stump, leaving Manchester in dire straits at 7/45.

The Aussie tweaker, donning her trademark sunglasses, celebrated by raising an index finger and sprinting towards cover, reminiscent of the late Shane Warne’s unforgettable 700th Test wicket at the MCG in 2006.

King’s hat-trick took place on the same pitch that childhood hero Warne delivered his iconic “Ball of the Century” in 1993.

“Will I get my name up here at Old Trafford? That would be brilliant. Hopefully right next to Warnie,” King told Sky Sports post-match.

“He took poles here for fun, and I’m sure he was looking down pretty happy.

“He was a massive inspiration, but it wasn’t just me. It was kids all around the world who inspired him to pick up leg spin. He was definitely the reason I picked up leg spin. Hopefully he’s been proud watching down on me spin a few.

“When I was a bit younger, I did a couple of sessions with him. All I remember from that was him saying, ‘Spin it hard and have some fun’. I live by that every single day.

“That’s my first hat-trick. Not even in juniors did I take one. My first hat-trick at Old Trafford, I couldn’t have written it.

“As soon as I got that first wicket, I knew I had to keep aiming for the stumps. I’m just stoked that I can play my part for this team.”

King would have taken four wickets in four balls if the Rockets had reviewed her following delivery, which struck wicketkeeper Eleanor Threlkeld on the pads.

King will be particularly relieved to tick off the career milestone after missing out on a hat-trick during the recent Commonwealth Games in Birmingham.

During Australia’s group stage match against Barbados at Edgbaston, captain Meg Lanning dropped a regulation catch at first slip on the hat-trick delivery.

King also starred with the bat on Saturday, smacking an 19 not out off nine deliveries at the death, including two sixes, to steer the Rockets, who were without Lanning and England all-rounder Nat Sciver for personal reasons, towards a defendable total of 5/119.

English wicketkeeper Abigail Freeborn top-scored for the Rockets with an unbeaten 45 off 38 balls, and the Originals came nowhere near chasing the modest total, ultimately suffering a 43-run defeat.

“In the first half, I thought we bowled and fielded really well, and we were happy chasing 120. But then the second bit, we didn’t play like we wanted to play,” Originals coach Paul Shaw said.

“Alana King’s a quality performer who will be around for a long time. She bowled really, really well. But we didn’t play her that well.”

King also held onto a tough outfield catch to remove England’s Ami Campbell for 13 and cap off a superb all-round performance.

“Pretty special but as I said, I’m here to do my job for the team and I’m glad it came off today,” King said.

“It was a fresh wicket today, it was a bit dry and hoping there was some spin and there was. Stoked to get the win and happy I can contribute.

“The atmosphere was absolutely incredible. To get our first win was pretty special. We knew we were under par with the bat, and we needed to stick to our game plan with the ball. We wanted to take some early wickets in the powerplay, which we did. As soon as we got their two openers out, we knew the pressure was back on them.”

The last 10 months of King’s career has been nothing short of extraordinary — after winning a Women’s Big Bash League title with the Perth Scorchers in October last year, she made her international debut in all three formats during the recent home summer.

She was a crucial member of Australia’s undefeated Ashes campaign and World Cup triumph in New Zealand before winning a Commonwealth Games gold medal in Birmingham earlier this month.

Meanwhile, Australian superstar Ellyse Perry also impressed on Hundred debut for the Birmingham Phoenix with a blistering 58 (31) against the Welsh Fire in Cardiff.

Player of the Match Perry combined with compatriot Sophie Molineux for a crucial fourth-wicket partnership of 82 in 54 balls on the way to a 19-run victory.

The Rockets will next face Birmingham at Edgbaston on Monday, with the first ball scheduled for midnight AEST.

.

Categories
Sports

Nicho Hynes post-game interview, Paul Green, mental health, news, scores, death, age, Cronulla Sharks

Cronulla Sharks star Nicho Hynes has been praised by NRL fans after delivering a moving speech in his post-game interview.

Hynes and the Sharks secured a 36-12 victory over the Wests Tigers, but Hynes’ mind was elsewhere.

The star halfback instead turned his focus towards Paul Green who’s death rocked the rugby league community this week.

Stream every game of every round of the 2022 NRL Telstra Premiership Season Live & Ad-Break Free During Play on Kayo. New to Kayo? Start your free trial now >

“Can I just give a quick shout out to Paul Green’s family. All of us here at the Sharks are thinking of you,” Hynes said on Fox.

“He was an important part of this club and I just want to pay my respects and condolences to you guys, we’re thinking of you.”

Hynes then went on to highlight the upcoming ‘RU OK’ day, but said more needs to be done towards mental health.

“There’s ‘RU OK’ day every year and it’s coming up soon but I think we need to have ‘RU OK’ day every single day of the year,” he said.

“We need to think about it a bit more and spread the message of mental health. It’s such an important thing at the moment.

“Once again our love to you guys.”

MORE NRL NEWS

‘NO WORDS’: Taumalolo’s emotional press conference in wake of Paul Green’s death

WHISPERS: Knights half eyes early exit, Panthers link to Tigers star heats up

‘IT’S JUST WRONG’: Outrage after Warriors’ ‘shoey’ fan cops lifetime ban

‘WASTE’: Key Hunt call could force gun out as NRL great explodes at Dragons

Ten News journalist Veronica Eggleton wrote: “Class act.”

Dykes lands SENSATIONAL first NRL try | 00:28

Without regular halves partner Matt Moylan or free-running fullback Will Kennedy, Hynes was the central fulcrum for all that was good about Cronulla’s attack. He ran 23 times for 205 meters (33m post-contact) and broke two tackles. As a playmaker he recorded one try assist and two linebreak assists. I have kicked 13 times for 291m.

with Matt Cleary, NCA Newswire

Get all the latest NRL news, highlights and analysis delivered straight to your inbox with Fox Sports Sportmail. Sign up now!!

.

Categories
Sports

NRL 2022: Niche Hynes post-game interview, Paul Green, mental health, news, scores,

Cronulla Sharks star Nicho Hynes has been praised by NRL fans after delivering a moving speech in his post-game interview.

Hynes and the Sharks secured a 36-12 victory over the Wests Tigers, but Hynes’ mind was elsewhere.

Stream every game of every round of the 2022 NRL Telstra Premiership Season Live & Ad-Break Free During Play on Kayo. New to Kayo? Start your free trial now >

The star halfback instead turned his focus towards Paul Green who’s death rocked the rugby league community this week.

“Can I just give a quick shout out to Paul Green’s family. All of us here at the Sharks are thinking of you,” Hynes said on Fox.

“He was an important part of this club and I just want to pay my respects and condolences to you guys, we’re thinking of you.”

Hynes then went on to highlight the upcoming ‘RU OK’ day, but said more needs to be done towards mental health.

“There’s ‘RU OK’ day every year and it’s coming up soon but I think we need to have ‘RU OK’ day every single day of the year,” he said.

“We need to think about it a bit more and spread the message of mental health. It’s such an important thing at the moment.

“Once again our love to you guys.”

Ten News journalist Veronica Eggleton wrote: “Class act.”

Fox NRL journalist Darcie McDonald wrote: “All class, well said Nicho Hynes.”

Without regular halves partner Matt Moylan or free-running fullback Will Kennedy, Hynes was the central fulcrum for all that was good about Cronulla’s attack. He ran 23 times for 205 meters (33m post-contact) and broke two tackles. As a playmaker he recorded one try assist and two linebreak assists. I have kicked 13 times for 291m.

with Matt Cleary, NCA Newswire

.

Categories
Sports

Manly Sea Eagles player split, Manly seven, Pride jersey, Round 21, Des Hasler, Daly Cherry-Evans

There is reportedly a divide in the Manly dressing room between the players who played in the Pride jersey and the seven stars who boycotted their crucial loss to the Roosters.

The Daily Telegraph’s Phil Rothfield believes there is a lingering resentment between the players that played and those that chose to put their beliefs ahead of the team’s final aspirations.

“I think there is a split,” Rothfield said of the playing group on NRL 360.

Stream every game of every round of the 2022 NRL Telstra Premiership Season Live & Ad-Break Free During Play on Kayo. New to Kayo? Start your free trial now >

“I think the players that took the field cannot understand why the other seven didn’t.

“I think the meeting yesterday cleared it up a little bit, but you can’t repair a split of this magnitude with a bandaid in a 45 minute meeting.

“I think when something as drastic as this happens when seven men pull out of a finals crunch match over a view and an opinion and the other guys are totally on the opposite side.

“They put their views and opinions ahead of a finals berth almost.”

Paul Kent also believes there is a split between the Manly seven and the owner who incorrectly said they would backflip on their stance in time for next season.

MORE NRL NEWS

RESERVES WRAP: Tigers star’s big switch as beast stuns; answer to Storm’s woes

WHISPERS: Broncos gun set to sign with the Warriors as Walsh replacement

DEADLINE CHANGES: V’landys set to scrap the August 1 signing deadline

EELS MOVE BLOCKED: Knights bosses deny Parramatta’s attempts to sign Klemmer

Daly Cherry-Evans and DesHasler.Source: News Corp Australia

“What about the owner coming out and saying the players had gone back on what they originally intended, which they have heavily refuted,” Kent said.

Braith Anasta agreed with Rothfield that as a player he would be frustrated with the seven players who put their beliefs above a goal the team has worked for since pre-season in November.

“I agree with and I’m just thinking now as a player the majority of the playing group you train from November all the way through,” Anasta said.

“You put your body on the line every week. You put your heart and soul into it. You make sacrifices every single day.

“These players have got a few teammates who have made a different decision than the rest of the team and it can cause a divide and it seems to be that way.

Get all the latest NRL news, highlights and analysis delivered straight to your inbox with Fox Sports Sportmail. Sign up now!!

Jake Trbojevic and Manly players process the loss to the Roosters.Source: Getty Images

“It could derail their season. We spoke about it before the game that it could happen and it is possibly happening right now.

“There are no winners and losers here. The fact is it doesn’t matter what they are arguing over or have a split of opinion over. It can cause a divide and it seems to be causing a divide.”

The Daily Telegraph’s Dean Ritchie has no doubt there is a rift between the seven players and the rest of the squad and it will take time to heal the wounds of the last week.

“There is divisions at Manly and anyone who tells you there is not telling a fib,” Ritchie said on The Big Sports Breakfast.

“The players that played were dirty on the players that didn’t play.

Sea Eagles players at training.Source: News Corp Australia

“They are trying to sort it out and understand each other’s religious beliefs and views, but there is a division there.

“You speak to one player and he will say we can move forward from this and you speak to others who say this is going to take a lot longer.”

Laurie Daley questioned how both sides of the split can come together with no common ground on the issue.

“You have got two parties that don’t agree and you talk about finding common ground, but where is the common ground in this?” Daley said.

How long will Carrigan get for hip drop? | 03:22

“There is no giving,” Ritchie replied.

“Both sides are quite staunch in their views. The players are dirty the others didn’t play and the seven players are saying, we are not backing down.

“To be fair to them they have been staunch from the beginning and have stuck tight through a lot of criticism, so they are not clearly going to apologize.

“I don’t know how one meeting is going to fix this problem at Manly.”

.

Categories
Sports

Manly Sea Eagles player split, Manly seven, Pride jersey, Round 21, Des Hasler, Daly Cherry-Evans

There is reportedly a divide in the Manly dressing room between the players who played in the Pride jersey and the seven stars who boycotted their crucial loss to the Roosters.

The Daily Telegraph’s Phil Rothfield believes there is a lingering resentment between the players that played and those that chose to put their beliefs ahead of the team’s final aspirations.

“I think there is a split,” Rothfield said of the playing group on NRL 360.

Stream every game of every round of the 2022 NRL Telstra Premiership Season Live & Ad-Break Free During Play on Kayo. New to Kayo? Start your free trial now >

“I think the players that took the field cannot understand why the other seven didn’t.

“I think the meeting yesterday cleared it up a little bit, but you can’t repair a split of this magnitude with a bandaid in a 45 minute meeting.

“I think when something as drastic as this happens when seven men pull out of a finals crunch match over a view and an opinion and the other guys are totally on the opposite side.

“They put their views and opinions ahead of a finals berth almost.”

Paul Kent also believes there is a split between the Manly seven and the owner who incorrectly said they would backflip on their stance in time for next season.

MORE NRL NEWS

RESERVES WRAP: Tigers star’s big switch as beast stuns; answer to Storm’s woes

WHISPERS: Broncos gun set to sign with the Warriors as Walsh replacement

DEADLINE CHANGES: V’landys set to scrap the August 1 signing deadline

EELS MOVE BLOCKED: Knights bosses deny Parramatta’s attempts to sign Klemmer

Daly Cherry-Evans and DesHasler.Source: News Corp Australia

“What about the owner coming out and saying the players had gone back on what they originally intended, which they have heavily refuted,” Kent said.

Braith Anasta agreed with Rothfield that as a player he would be frustrated with the seven players who put their beliefs above a goal the team has worked for since pre-season in November.

“I agree with and I’m just thinking now as a player the majority of the playing group you train from November all the way through,” Anasta said.

“You put your body on the line every week. You put your heart and soul into it. You make sacrifices every single day.

“These players have got a few teammates who have made a different decision than the rest of the team and it can cause a divide and it seems to be that way.

Get all the latest NRL news, highlights and analysis delivered straight to your inbox with Fox Sports Sportmail. Sign up now!!

Jake Trbojevic and Manly players process the loss to the Roosters.Source: Getty Images

“It could derail their season. We spoke about it before the game that it could happen and it is possibly happening right now.

“There are no winners and losers here. The fact is it doesn’t matter what they are arguing over or have a split of opinion over. It can cause a divide and it seems to be causing a divide.”

The Daily Telegraph’s Dean Ritchie has no doubt there is a rift between the seven players and the rest of the squad and it will take time to heal the wounds of the last week.

“There is divisions at Manly and anyone who tells you there is not telling a fib,” Ritchie said on The Big Sports Breakfast.

“The players that played were dirty on the players that didn’t play.

Sea Eagles players at training.Source: News Corp Australia

“They are trying to sort it out and understand each other’s religious beliefs and views, but there is a division there.

“You speak to one player and he will say we can move forward from this and you speak to others who say this is going to take a lot longer.”

Laurie Daley questioned how both sides of the split can come together with no common ground on the issue.

“You have got two parties that don’t agree and you talk about finding common ground, but where is the common ground in this?” Daley said.

How long will Carrigan get for hip drop? | 03:22

“There is no giving,” Ritchie replied.

“Both sides are quite staunch in their views. The players are dirty the others didn’t play and the seven players are saying, we are not backing down.

“To be fair to them they have been staunch from the beginning and have stuck tight through a lot of criticism, so they are not clearly going to apologize.

“I don’t know how one meeting is going to fix this problem at Manly.”

.

Categories
Sports

Max Verstappen wins, Daniel Ricciardo position, Ferrari strategy blunder, standings, points

World champion Max Verstappen fully exploited another Ferrari flop to pull 80 points clear of Charles Leclerc in this year’s title race with an emphatic Red Bull triumph in Sunday’s Hungarian Grand Prix.

Just a week after his crushing win at the French Grand Prix, where Leclerc crashed out of the lead, the 24-year-old Dutchman scored his first win at the Hungaroring, his eighth this year and the 28th of his career.

Starting from 10th on the grid, after engine problems in qualifying on Saturday required a new power unit, he sliced ​​through the field to finish 7.8 seconds ahead of Mercedes’ seven-time world champion Lewis Hamilton and George Russell, who had started from his maiden pole position.

That was despite a 360 degree spin on lap 40 from which he managed to recover from.

Watch Every Practice, Qualifying & Race of the 2022 FIA Formula One World Championship™ Live on Kayo. New to Kayo? Start your free trial now >

‘LET’S F***ING GO!’ Ricciardo nails insane double overtake before penalty drama strikes

“When we woke up this morning who would have thought we would win this race?” said the Dutchman.

With Russell on pole and Ferrari’s Carlos Sainz and Leclerc second and third on the grid, pre-race forecasts made the Italian team favorites to control and win with some ease as the Red Bulls were 10th and 11th.

But a combination of poor tire management, slow pit-stops and questionable strategy saw them finish fifth and sixth, behind Sergio Perez in the second Red Bull, who started 11th, after looking likely winners.

“I was hoping I could get close to a podium, but it was very tricky out there,” said Verstappen.

Max Verstappen is running away with the championship.
Max Verstappen is running away with the championship.Source: AFP

“But we had a really good strategy, we were really reactive, always pitting at the right time.” Hamilton, who started seventh was seeking to increase his record haul of eight Hungarian wins, registered his fifth consecutive podium and a successive second position.

“I was definitely struggling at the beginning, but bit by bit I got more comfortable with the balance,” he said.

“I had a really good start so I want to acknowledge my team. We’ve had a tough year and for both cars to be on the podium is an amazing way to go into the summer break.

“The other guys have an edge, but we are clearly closing the gap. Hopefully, we can bring some more into the second half of the season and start fighting with them.”

It was an up-and-down race for Daniel Ricciardo who executed a stunning double overtake on both Alpines and yelled “let’s f***ing go”, but had his race ruined after an incident with Lance Stroll.

Ricciardo made contact with the Aston Martin and was handed a five-second penalty for causing the collision. He also struggled with the harder tire and continued to slip down the field, eventually finishing in a lowly 15th position.

His teammate Lando Norris finished seventh.

– ‘I was confused’ –

Russell, who led for 30 laps, said he had a strong first stint, but that he struggled on the medium compound tires and lost temperature in the closing laps.

“But it’s been an amazing job by the team to have pole position and a double podium – we are definitely making progress. I am really proud of the work everyone has done.”

Both Sainz and Leclerc were disappointed by their results.

“I felt very strong and very comfortable on the mediums,” said Leclerc who led the race and looked likely to win before a pit-stop to switch unexpectedly to hard tyres.

“I wanted to stay out and I don’t know why I was called in. I was confused by that.

“I lost the race on the hard tires and I don’t know why. We need to speak about this inside the team.”

He added: “Honestly, the pace on my side, I was pretty happy, the only thing is that everybody will remember the last part of the race where it was a disaster for me, especially the hard – that’s why I lost the race basically .”

Sainz said he felt he was slower than expected.

“It is what it is,” he said. “We struggled as a team and in the lower temperatures the track changed and the car and the tires did not perform.

“We need to analyze this to see what we did wrong and, after the summer break, come back with a better package. We have to speak about it inside the team to get to do this better.” Ferrari team chief Mattia Binotto defended the team’s decisions.

“We didn’t have the performance we expected and the car was not performing well in the cooler conditions,” he said. “It’s the first time this season.

“We did not have the edge today. We believed we could do it, but it did not work out as we were expecting. Sometimes, we can make mistakes, but I fully support the team.”

HUNGARIAN GRAND PRIX RESULTS

1. Max Verstappen (NED/Red Bull) 1hr 39min 35.912sec

2. Lewis Hamilton (GBR/Mercedes) at 7.834sec

3. George Russell (GBR/Mercedes) 12,337

4. Carlos Sainz (ESP/Ferrari) 14,579

5. Sergio Perez (MEX/Red Bull) 15,688

6. Charles Leclerc (MON/Ferrari) 16,047

7. Lando Norris (GBR/McLaren-Mercedes) 1:18.300

8. Fernando Alonso (ESP/Alpine-Renault) 1 lap

9. Esteban Ocon (FRA/Alpine-Renault) 1 lap

10. Sebastian Vettel (GER/Aston Martin-Mercedes) 1 lap

11. Lance Stroll (CAN/Aston Martin-Mercedes) 1 lap

12. Pierre Gasly (FRA/AlphaTauri-Red Bull) 1 lap

13. Zhou Guanyu (CHN/Alfa Romeo) 1 lap

14. Mick Schumacher (GER/Haas-Ferrari) 1 lap

15. Daniel Ricciardo (AUS/McLaren-Mercedes) 1 lap

16. Kevin Magnussen (DEN/Haas-Ferrari) 1 lap

17. Alexander Albon (THA/Williams-Mercedes) 1 lap

18. Nicholas Latifi (CAN/Williams-Mercedes) 1 lap

19. Yuki Tsunoda (JPN/AlphaTauri-Red Bull) 2 laps

20. Valtteri Bottas (FIN/Alfa Romeo) 5 laps

Fastest lap: Lewis Hamilton (GBR/Mercedes) 1:21.386 on 57th lap (average speed: 260.580 km/h)

Did not finish: Valtteri Bottas (FIN/Alfa Romeo)

World championship standings (after 13 races)

drivers

1. Max Verstappen (NED) 258pts

2. Charles Leclerc (MON) 178

3. Sergio Perez (MEX) 173

4. George Russell (GBR) 158

5. Carlos Sainz (ESP) 156

6. Lewis Hamilton (GBR) 146

7. Lando Norris (GBR) 76

8. Esteban Ocon (FRA) 58

9. Valtteri Bottas (END) 46

10. Fernando Alonso (ESP) 41

11. Kevin Magnussen (DEN) 22

12. Daniel Ricciardo (AUS) 19

13. Pierre Gasly (FRA) 16

14. Sebastian Vettel (GER) 16

15. Mick Schumacher (GER) 12

16. Yuki Tsunoda (JPN) 11

17. Zhou Guanyu (CHN) 5

18. Lance Stroll (CAN) 4

19. Alexander Albon (THA) 3

20. Nicholas Latifi (CAN) 0

21. Nico Hulkenberg (GER) 0

builders

1. Red Bull 431pts

2.Ferrari 334

3.Mercedes 304

4.Alpine-Renault 99

5. McLaren-Mercedes 95

6.Alfa Romeo 51

7. Haas-Ferrari 34

8. AlphaTauri-Red Bull 27

9. Aston Martin-Mercedes 20

10. Williams-Mercedes 3

.