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Aramco reported a $26.9 billion profit in the third quarter, down slightly from 2024 as global energy prices remain depressed. Saudi arabia’s national oil company said net profit rose in the third quarter, thanks to higher production and a rise in crude oil prices, and upgraded its growth forecast for gas production. Saudi arabia's aramco , the world's top oil exporter, reported a 2.3% fall in quarterly profit on tuesday, citing a drop in crude and product prices, but its performance improved from the previous.
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Dubai, united arab emirates (ap) — saudi oil giant aramco reported tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over. Saudi arabia’s state oil giant aramco will benefit from monday’s decision by opec+ to proceed with a planned april oil output hike, its chief executive said on tuesday. Saudi aramco reported a modest improvement in profitability for the third quarter of fiscal 2025, driven by higher production despite continued pressure on crude oil prices
Saudi aramco booked a net profit of $28 billion for the third quarter of the year, thanks to its oil production boost as opec+ unwound its voluntary output cuts.
The news saudi aramco reported a surprise increase in profits and boosted its forecasts for gas production as the kingdom embarked on a policy of lifting crude output to grab market share.
