Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter
Summary
Saudi Aramco reported third-quarter net profit of $36.25 billion, a 34% increase, despite attacks on its infrastructure and headquarters. The report said elevated oil prices offset supply disruptions linked to the Iran war.Key Facts
- Saudi Aramco is owned by the Saudi state.
- The company’s third-quarter net profit rose 34% to $36.25 billion.
- Houthi rebels targeted Aramco infrastructure and its headquarters, according to the report.
- Elevated oil prices offset supply disruptions caused by the Iran war, the report said.
- The report also covered North Korea’s denial of involvement in a major cryptocurrency heist.
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