Aramco Q3 results: Saudi oil giant posts $26.9 billion profit; lower crude prices weigh, beats analyst estimates
Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…
