Aramco posts 34% jump in Q3 profit despite attacks on energy infrastructure
Saudi Arabia's Aramco , the world's largest oil-producing company, has reported a 34 per cent annual increase in its third-quarter net income, despite disruption in the Strait of Hormuz and attacks on energy infrastructure in the kingdom. Net profit for the three months to the end of September rose to 135.94 billion Saudi riyals ($36.25 billion), up from 101 billion riyals reported for the same…
Saudi oil giant Aramco announced a 34% surge in its third-quarter net income, reaching $36.25 billion, despite regional disruptions and attacks on its infrastructure. The company's profit for the three months ending September 30 climbed to 135.94 billion Saudi riyals, up from 101 billion riyals in the same period last year, as reported by Aramco on Tuesday.
Aramco's president and CEO, Amin Nasser, highlighted the impact of geopolitical uncertainty and attacks on key energy facilities on the global energy supply crisis. Despite these challenges, Aramco's resilient system and decades-long supply network ensured reliable customer deliveries during this turbulent period.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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