Saudi Aramco Q3 profit jumps 34.5% to $36.25 billion despite ongoing US-Iran conflict
Saudi Aramco reported a 34.5% year-on-year rise in third-quarter net profit to $36.25 billion, beating analyst estimates. Higher oil prices and the exit from a joint venture supported earnings, helping offset production disruptions and security risks amid the US-Iran conflict.
Saudi Aramco reported a 34.5% increase in third-quarter net profit on Tuesday, supported by higher revenue and its exit from a joint venture, despite attacks targeting its energy infrastructure amid the ongoing US-Iran conflict.The world's largest oil exporter posted net profit of $36.25 billion for the three months ended September 30, compared with $26.9 billion in the same period last year. This was also higher than the $32.7 billion recorded in the second quarter.US MarketsPowered ByAs on 03 Nov 2026, 02:30 AM ISTS&P 500 Top GainersIDEXX Laboratories671.64(21.85%)Molson Coors Beverage43.23(7.75%)LKQ19.93(7.38%)Howmet Aerospace212.99(6.91%)Gainers»S&P 500 Top LosersIntel59.97(-8.80%)Oracle119.22(-8.76%)Coterra Energy32.56(-8.62%)Datadog216.10(-8.15%)Losers»Read more: Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reservesAdjusted net income stood at approximately $31.2 billion, beating the median analyst estimate of $30.66 billion, based on a consensus shared by Aramco from 12 analysts.Higher oil prices helped offset the impact of reduced production volumes caused by the US-Iran war.
