Saudi Aramco Posts 34.6% Q3 Profit Jump Despite Houthi Attacks
Higher oil prices and a stake sale to Petronas lifted Aramco's earnings even as Yemen's Houthis keep striking Saudi energy infrastructure.
What to know
- Aramco's Q3 net profit rose 34.6% to 135.9 billion riyals (€32.3bn), though some outlets' headlines cited a smaller 9% figure, creating conflicting reports of the scale of the increase.
- Gains came from higher oil and refined-product prices tied to the Middle East war and a €6.2bn gain from selling Aramco's PRefChem stake to Petronas.
- Houthi attacks on Saudi pipelines, tankers, storage and refineries have continued since July and are intensifying, with Aramco's leadership warning of a worsening global energy security crisis.
- Energy majors globally have seen earnings rise amid Middle East supply disruptions pushing up prices and refining margins.
Saudi Aramco State-owned Saudi oil companyHouthis Yemen's Iran-backed armed groupPetronas Malaysian state energy company
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Aramco's president warns of deepening energy supply crisis
Despite the profit jump, Aramco's leadership said attacks on energy facilities and broader geopolitical uncertainty continued to worsen global energy security during the quarter, as Houthi strikes and disruption to traffic through Bab al-Mandeb and Hormuz complicate Saudi exports.
“Geopolitical uncertainty and attacks on key energy facilities continued to amplify the global energy supply crisis in the third quarter of 2026, with serious implications for global energy security…”
— Aramco president -
first by Euronews, 8d ago · also Arab News, NYT, NYT Middle East, Guardian Business, Semafor, AP News +2
6 more headlines
- Aramco’s Q3 profit jumps 34.5% to $36.3bn Arab News · 8d ago
- Aramco’s Q3 net profit jumps 34.5% to $36.3bn Arab News · 8d ago
- Saudi Aramco Profit Jumps Despite Damaging Attacks on Pipelines and Refineries The New York Times · 8d ago
- Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live Guardian Business · 8d ago
- Saudi Aramco reports profit surge on higher oil prices Semafor · 8d ago
- Higher oil prices boost Saudi Aramco profits despite disruption from attacks AP News · 8d ago
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first by Reuters, 8d ago · also Anadolu Agency, France 24 EN
2 more headlines
- Saudi Aramco’s adjusted net income rises 9% in Q3 Anadolu Agency · 8d ago
- Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter France 24 EN · 8d ago
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Aramco Profit Jumps Despite Damaging Attacks on Pipelines and Refineries https://www. nytimes.com/2026/11/03/busines s/saudi-aramco-q3-earnings.html?utm_source=flipboard&utm_medium=activitypub Posted into Business Day @ business-day-newyorktimes
1 more of the top 2 · 2 posts in this stretch
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Aramco Reports $36.25B Q3 Profit, Saudi GDP Falls Aramco’s Q3 2026 net profit hit $36.25 billion on war-elevated crude prices while Saudi GDP contracts 3.6%. Pipeline… # EuropeSays # Headlines # News # Europe # Europa # EU # PersianGulf
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Aramco reports 34.6% surge in Q3 net profit
Saudi Aramco said net profit hit 135.9 billion riyals (€32.3bn) in the third quarter, up from about 101 billion riyals a year earlier, helped by higher oil and refined-product prices, higher crude volumes sold, and a 25.9 billion riyal gain from selling its stake in the PRefChem refining and petrochemicals joint venture to Malaysia's Petronas. Some outlets initially reported the increase as 9%.
“Watch Saudi Aramco Profit Rises 9% - Bloomberg…”
— Bloomberg -
first by WSJ US Business, 8d ago · also WSJ
1 more headline
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1 outlet Saudi Aramco Profit Rises 9%
first by Bloomberg Markets, 8d ago
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Watch Saudi Aramco Profit Rises 9% - Bloomberg https://www. bloomberg.com/news/videos/2026 -11-03/saudi-aramco-profit-rises-9-video?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg
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