Saudi Aramco profit rises despite ongoing attacks on facilities
Saudi Arabia's state-owned oil company Aramco reported a significant increase in third-quarter net profit on Tuesday despite recent attacks on its infrastructure.
Third quarter financial results
The company posted a net profit of $36.25 billion for the three months ending September 30. This figure represents a 34.5 percent increase compared to the same period last year. Adjusted net income reached approximately $31.2 billion, which exceeded the median analyst consensus.
Impact of regional conflict
Geopolitical uncertainty and strikes on Iran have reduced overall output volumes for the oil giant. Higher market prices have offset the loss from lower production during this difficult quarter. The East-West pipeline remains a critical lifeline for moving crude between eastern and western terminals.
CEO comments on security
Amin Nasser stated that attacks on key energy facilities continue to amplify the global supply crisis. He noted that serious implications for energy security persist throughout the third quarter of 2026. The workforce maintained operational excellence despite these ongoing challenges and threats.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- The Guardian
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