Saudi Aramco Posts $26.9 Billion Third-Quarter Profit Amid Slight Decline Due to Lower Oil Prices

    Saudi Aramco reports $26.9B profit in third quarter, down slightly over lower oil prices
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    FILE – Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File) (Amr Nabil, Copyright 2021 The Associated Press. All rights reserved)

    DUBAI – Saudi Arabia’s oil behemoth, Aramco, unveiled a third-quarter profit of $26.9 billion on Tuesday. This figure shows a slight decline from the previous year, reflecting the current global energy market’s unease over potential oil oversupply.

    In its latest financial disclosure to Riyadh’s Tadawul stock exchange, Aramco, officially the Saudi Arabian Oil Co., reported generating $111 billion in revenue during the third quarter. This is a decrease from $123 billion recorded in the same timeframe last year.

    © 2025 The Associated Press. All rights reserved. This content cannot be published, broadcast, rewritten, or redistributed without authorization.

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