Aramco lifts third-quarter net profit 34.5% on higher revenue
Saudi oil giant Aramco reported a 34.5% rise in third-quarter net profit to $36.25 billion, helped by higher revenue and its exit from a joint venture.
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what happened
State-controlled Saudi giant Aramco (2222.SE) reported on Tuesday that third-quarter net income climbed 34.5%. The company said the gain came mainly from higher revenue and its exit from a joint venture. For the three months ended September 30, it posted a net profit of $36.25 billion.
why it matters
Aramco is one of the world's biggest oil producers, so its results offer a read on Saudi oil revenues and the wider sector. Part of the gain reflects leaving a joint venture rather than sales alone, which matters when judging how repeatable the increase is.
market impact
Aramco shares: stronger profit growth supports the company's stock
- Aramco shares pressure up — higher net profit supports investor interest in the company
tags
instruments
sources
- Aramco posts 34.5% rise in third-quarter profit — Reuters, 3 November 2026 at 05:09 UTC
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