Aramco posts 34.5% rise in third-quarter profit despite attacks
DUBAI: Saudi Arabia’s state-owned oil company Aramco reported on Tuesday a 34.5% increase in net profit in the third quarter despite attacks targeting it, mainly due to higher revenue and its exit from a joint venture. The world’s top oil exporter reported a...
DUBAI: Saudi Arabia’s state-owned oil company Aramco reported on Tuesday a 34.5% increase in net profit in the third quarter despite attacks targeting it, mainly due to higher revenue and its exit from a joint venture. The world’s top oil exporter reported a net profit of $36.25 billion in the three months ended September 30 from $26.9 billion a year earlier. Oil rises after report of US strike on Iran’s Qeshm Islan...