The logo of Aramco, officially the Saudi Arabian Oil Group, Saudi Arabian Oil and Natural Gas Company, Stated Petroleum and Natural Gas Company, seen on day two of the 24th World Petroleum Congress in Calgary, Canada.
Artur vidak | Nurphoto Getty Images
Saudi Aramco jumped 0.9% on Tuesday in third-quarter profit on the back of higher output, even as oil prices came under pressure.
Here are the 2025 results for Aramco’s third round compared to the LSEGS consensus price:
- Adjusted net income: Saudi Arabia 104.92 billion.
- Income: 418.16 bln. 411.26 billion.
“We have increased production with minimal growth and we are dependent on our customers, strong financial performance and quarterly wage growth, growth at Aramco,” we said.
The world’s largest oil company earlier reported free cash flow, which was 22 bln. 23.6 billion compared to the dollar. The board also reported $21.1 billion in the Fourth Quarter.
The results come as Aramco faces its second-quarter lows in addition to tensions between Israel and Iran.
Currently, the US West Texas Intermediate rate is over 16%, the data shows. Similarly, Brent Global benchmark exceeded 12%.
weekends, OPEC+ reported a modest increase In December, it was decided to hike further in oil production and in the first quarter of next year. The cartel members agreed to meet their production targets in December, up to 137,000 barrels per day, with hikes in October and November.
Since April, OPEC + 2.9 million per day. The barrel grew, but began to rise to market highs in October.
Complexity, new western sanctions on Russia, ISPO + member.
Aramco It recently completed the acquisition of a 22.5% stake 701.8 million from Japan’s Sumitomo, according to Reuters. Denominated in dollars, it brought Saudi Arabia’s total ownership to about 60%. The oil giant is not too far away He bought a minority stake in an artificial intelligence companyit is majority owned by Saudi Arabia’s sovereign wealth fund.
Nasser added that the company’s ownership in Funeral will further drive innovation and increase its role in the “very important and fast-growing AI sector.”