{
  "id": 17925513,
  "title": "Saudi Aramco Q3 net profit rises 34.5% as higher oil prices offset lower volumes",
  "url": "https://urgent.news/2026/11/03/saudi-aramco-q3-net-profit-rises-34-5-as-higher-oil-prices-offset",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T06:23:11.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/saudi-aramco-q3-net-profit-rises-34-5-higher-oil-prices-offset-lower-volumes"
  },
  "original_language": "en",
  "account": "Saudi Aramco reported a 34.5% rise in net profit during the third quarter, reaching $36.25 billion despite ongoing attacks and lower oil volumes. The global oil exporter, the world's top oil producer, saw its adjusted net income at approximately $31.2 billion, surpassing analyst consensus by $0.54 billion. The surge in oil prices, driven by the US-Iran war, offset the decline in production volumes. Aramco's revenue came from energy sales and hefty dividend payouts, supporting Saudi Arabia's extensive spending needs. The company ramped up crude shipments through the East-West pipeline to regain market share among buyers in Asia, and pivoted to the route through Hormuz after the alternative was disrupted. Despite multiple attacks on Saudi energy infrastructure, the kingdom continued to export oil to global markets in November. Brent crude prices soared over 40% during the quarter, reaching over $100 a barrel due to supply concerns from attacks on shipping in the Strait of Hormuz.",
  "summary": "Increased earnings are a boon for the kingdom as Houthi attacks pressure the economy",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17925513.png",
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "Aramco posts 34% jump in Q3 profit despite attacks on energy infrastructure",
        "url": "https://urgent.news/2026/11/03/aramco-posts-34-jump-in-q3-profit-despite-attacks-on-energy",
        "published": "2026-11-03T05:31:57.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Saudi Aramco profits surge 34.6% in third quarter",
        "url": "https://urgent.news/2026/11/03/saudi-aramco-profits-surge-34-6-in-third-quarter",
        "published": "2026-11-03T05:50:08.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Aramco posts 34.5% rise in third-quarter profit despite attacks",
        "url": "https://urgent.news/2026/11/03/aramco-posts-34-5-rise-in-third-quarter-profit-despite-attacks",
        "published": "2026-11-03T05:50:27.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Saudi Aramco profits jump 35% despite attacks on oil facilities",
        "url": "https://urgent.news/2026/11/03/saudi-aramco-profits-jump-35-despite-attacks-on-oil-facilities",
        "published": "2026-11-03T07:11:36.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Aramco's profit rises as refining margins strengthen amid Iran war",
        "url": "https://urgent.news/2026/11/03/aramcos-profit-rises-as-refining-margins-strengthen-amid-iran-war",
        "published": "2026-11-03T07:24:47.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live",
        "url": "https://urgent.news/2026/11/03/saudi-state-oil-company-reports-jump-in-profits-despite-attacks",
        "published": "2026-11-03T08:40:12.000Z"
      },
      {
        "outlet": "France 24 Business",
        "title": "Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter",
        "url": "https://urgent.news/2026/11/03/despite-attacks-saudi-aramco-posts-34-rise-in-net-profits-in-latest",
        "published": "2026-11-03T10:13:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}