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 cornerstone of the Saudi Arabian economy and one of the world's most valuable companies, reported a 34.6% surge in net profit for the third quarter of 2026. The Middle East war has kept crude prices soaring, while the kingdom's energy infrastructure has faced regular attacks from Iran-backed Houthis and Iran. Yemen's Houthis have targeted Saudi tankers, pipelines, storage facilities, and refineries, and the kingdom has also had to contend with disruptions in the straits of Bab al-Mandeb and Hormuz.
Despite these challenges, Aramco's net profit reached 135.9 billion riyals (US$36.2 billion) in the third quarter, up from around 101 billion riyals a year earlier. However, Saudi Aramco's CEO, Amin H. Nasser, warned that the conflict is still heavily weighing on energy security, causing serious implications for global energy supply.
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