Aramco Q3 profit rises 34% to $36.25 billion despite attacks
Briefing by News4U · First published
Saudi Aramco reported a 34.5% rise in third-quarter net profit to $36.25 billion, up from $26.9 billion a year earlier, despite attacks on its facilities and headquarters by Houthi rebels amid the US-Iran war. Higher oil prices offset reduced output, with total hydrocarbon production falling to 11.05 million boepd from 13.3 million boepd a year earlier. Aramco maintained 97.8% supply reliability and declared a $21.9 billion base dividend. [1] [2]
Sources
- Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter
France 24 English · · Excerpt
- Aramco's Q3 profit rises by a third despite attacks
RTÉ Business · · Full text