Saudi Aramco posts 39% jump in third-quarter profits: Statement
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SATURDAY, JANUARY 28, 2023
Saudi Aramco posts 39% jump in third-quarter profits: Statement

Global Economy

BSS/AFP
01 November, 2022, 02:15 pm
Last modified: 01 November, 2022, 02:19 pm

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Saudi Aramco posts 39% jump in third-quarter profits: Statement

BSS/AFP
01 November, 2022, 02:15 pm
Last modified: 01 November, 2022, 02:19 pm
Photo: Collected
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.

Top News / World+Biz / Middle East

Aramco / Saudi Aramco / Aramco shares / Q3

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