Higher oil prices boost Saudi Aramco profits despite disruption from attacks
Headline from WTOP Washington DC
FRANKFURT, Germany (AP) — Majority state-owned oil company Saudi Aramco on Tuesday reported a 35% increase in third-quarter net profit as earnings were boosted by higher oil prices and the sale of its stake in a Malaysian refining and petrochemical company. Net profit rose to $36.3 billion from $26.
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Saudi Aramco’s third-quarter 2026 adjusted net income rose 9% year over year to $31.2 billion, while a separate reported net-income measure increased 34% to $36.25 billion. Cash flow and dividends also grew as the company maintained exports despite geopolitical disruption and attacks on energy facil…
The state-owned energy giant attributed the boost to higher crude volumes sold from maintaining consistent production, as well as higher prices of refined and chemical products.
Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.
Saudi Arabia's state-owned oil giant saw its profits rise to $36.25 billion in the third quarter, despite seeing its infrastructure and even headquarters targeted by Houthi rebels. Elevated oil prices have offset the supply disruption caused by the Iran war.
FRANKFURT, Germany (AP) — Majority state-owned oil company Saudi Aramco on Tuesday reported a 35% increase in third-quarter net profit as earnings were boosted by higher oil prices and the sale of its stake in a Malaysian refining and petrochemical company. Net profit rose to $36.3 billion from $26.
The world’s largest listed oil company, Saudi Aramco, is again in the spotlight. The company’s results, released on 3 November, clearly offer an uncomfortable lesson in wartime economics. Yes, an oil company can post higher profits even as its physical operating position deteriorates.
