Saudi Aramco Records $36.3bn Profit As Attacks On Export Infrastructure Persists

Saudi Aramco has reported a 34.5 per cent increase in third-quarter net profit Tuesday, November 3.
The performance was supported by higher crude prices, stronger refining margins, and proceeds from an asset sale offset lower production and repeated attacks on Saudi Arabia’s energy infrastructure.
The world’s largest oil exporter reported net income of $36.25 billion for the three months ended September 30, compared with $26.9 billion a year earlier. Adjusted net income increased approximately 9 per cent to $31.2 billion, exceeding analysts’ consensus estimate of $30.66 billion.
The difference between reported and adjusted earnings partly reflects a gain from Aramco’s September sale...