Saudi Aramco posts 39% jump in third-quarter profits: Statement
Photo: Collected
Saudi Aramco on Tuesday announced a 39 percent increase in third-quarter profits, the latest financial results boosted by higher oil prices resulting largely from Russia's invasion of Ukraine.
The energy giant's net income totalled $42.4 billion, up from $30.4 billion during the same period last year, and was "primarily driven by higher crude oil prices and volumes sold", it said in a filing with the Saudi stock exchange.
