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.