Saudi Aramco profits surge 34.6% in third quarter
The firm said net profit hit 135.9 billion riyals (US$36.2 billion) in the third quarter, compared with around 101 billion riyals in the same period a year earlier.
Saudi Aramco, the world's most valuable company, reported a 34.6% increase in net profit in the third quarter of 2026. The Middle East conflict and attacks on energy infrastructure have contributed to soaring crude prices, boosting Aramco's financial performance. Yemen's Iran-backed Houthis have repeatedly targeted Saudi tankers, pipelines, storage facilities, and refineries, further complicating the kingdom's energy security.
Despite these challenges, Aramco's net profit reached 135.9 billion riyals, compared to 101 billion riyals in the same period last year. However, the ongoing geopolitical tensions and attacks on key energy facilities continue to pose risks to global energy security.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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