Aramco reports higher third-quarter earnings amid energy-market disruption

Business · First reported 3 Nov, 07:11 · Updated 07:40

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Aramco reported a year-on-year rise in third-quarter net profit, including a gain from selling its stake in a joint venture. Coverage also highlights attacks on energy infrastructure and the conflict’s effects on energy markets.

Aramco’s third-quarter net profit was 135.9 billion riyals, up 34.6% from the same period a year earlier; the result included a 25.9 billion-riyal gain from selling its PRefChem stake.
The report says attacks on energy facilities and disruption to shipping routes have affected energy security, while higher oil prices helped Aramco’s earnings.
The New York Times snippet describes a 9% increase in third-quarter profit; Euronews reports adjusted net income rose 9% year over year, while net profit rose 34.6%.

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Key facts

Third-quarter net profit: 135.9 billion riyals; up 34.6% year over year.
Adjusted net income: Nearly 117 billion riyals; up 9% year over year and down about 7% from the second quarter.
PRefChem stake-sale gain: 25.9 billion riyals.
Saudi 2026 budget-deficit projection: 245 billion riyals, or 4.9% of GDP, revised up from 165 billion riyals.