Higher oil prices boost Saudi Aramco profits despite disruption from attacks
Business
Finance
November 4, 2026
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Majority state-owned oil company Saudi Aramco on Tuesday reported a 35 per cent 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 US$36.3 billion from US$26.9 billion in the year-earlier quarter. Adjusted net profit, which leaves out the sale of a stake in PRefChem to Malaysian state oil company Petronas, rose 9 per cent to US$31.2 billion.
The company also benefited from high profit margins at its refineries turning crude into useable products such as diesel fuel.
Business
Finance
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