US EditionWorld's largest oil company Aramco reports higher third-quarter net profit on production boost
- On Tuesday, Saudi Aramco, formally the Saudi Arabian Oil Co., reported a 0.9% increase in third-quarter profit and booked a net profit of $28.0 billion, according to its Tadawul filing.
- Aramco increased production with minimal incremental cost, boosting quarterly earnings despite the average realised price falling to $70.10 per barrel from $79.30 annually, which squeezed profits.
- Aramco reported free cash flow of $23.6 billion, completed a 22.5% Petro Rabigh stake purchase for $701.8 million, acquired a minority stake in HUMAIN, and the board declared a $21.1 billion base dividend plus $0.2 billion performance payout.
- OPEC+ agreed a modest output increase for December of 137,000 barrels per day and to halt further rises in the first quarter next year, while Western sanctions on Russia complicate Moscow's production.
- The company's gas plans focus on the Jafurah field, the biggest unconventional non-oil associated gas field with 75 billion barrels of condensates, as Aramco expects 80% production capacity growth by 2030 from 2021.
24 Articles
24 Articles
Aramco Surprises With Profit Beat in Sign of Easing Pressure
(Bloomberg) — Saudi Aramco posted a surprise increase in third-quarter profit as a production boost helped mitigate the impact of lower crude prices and snapped a years-long streak of falling earnings at the oil giant.
The Saudi energy company Aramco announced on Tuesday that it has recorded a fall of 9.87 % of its profits.
Associated Press News
Saudi Aramco reports $26.9B profit in third quarter, down slightly over lower oil prices
Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market.
Aramco’s Q3 Profit Climbs to $28 Billion as Oil Output Rise
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 company also reported free cash flow of $23.6 billion and cash flow from operating activities of $36.1 billion. Base dividend was set at a total of $21.1 billion, plus $200 million in performance-linked payouts. The results are a significant improvement from the second quarter, when…
Aramco posts $28bn profit in Q3 as major projects advance
RIYADH: Saudi Aramco reported third-quarter 2025 adjusted net income of $28 billion, up slightly from $27.7 billion a year earlier, as strong operating momentum and progress on key projects underpinned performance. Cash flow from operating activities rose to $36.1 billion from $35.2 billion in the same period last year, while free cash flow increased to $23.6 billion from $22
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
