Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and earthy state company, seen connected the 2nd time of the 24th World Petroleum Congress astatine the Big 4 Building astatine Stampede Park, connected September 18, 2023, successful Calgary, Canada.
Artur Widak | Nurphoto | Getty Images
Saudi Aramco connected Tuesday posted a 0.9% leap successful third-quarter nett connected the backmost of higher accumulation adjacent arsenic prices remained nether pressure.
Here are Aramco's third-quarter 2025 results compared with LSEG statement estimates:
- Adjusted nett income: 104.92 cardinal Saudi riyals ($27.98 billion) vs. 98.47 cardinal Saudi riyals
- Revenue: 418.16 cardinal vs. 411.26 cardinal Saudi riyals
Third-quarter gross came successful astatine 418.16 cardinal Saudi riyals.
The results travel arsenic Aramco faces a nett compression amid weaker lipid prices, but for a short-lived surge successful the 2nd 4th triggered by tensions betwixt Israel and Iran.
Year-to-date, spot prices of the U.S. West Texas Intermediate are down implicit 16%, information from FactSet showed. Similarly, the planetary benchmark Brent is down implicit 12%.
Over the weekend, OPEC+ announced a humble summation in lipid accumulation for December and decided to halt further hikes during the archetypal 4th of adjacent year. The cartel members agreed to rise their December accumulation people by 137,000 barrels per day, matching the hike for October and November.
Since April, OPEC+ has raised its output targets by astir 2.9 cardinal barrels per time but began easing the gait of these increases successful October implicit expectations of a marketplace glut.
Adding to the complexity, caller Western sanctions connected Russia, a cardinal OPEC+ member, are posing difficulties for the group's accumulation strategy, arsenic Moscow faces limits successful boosting output aft the U.S. imposed further restrictions connected the country's large lipid producers Rosneft and Lukoil.
Aramco precocious completed its acquisition of a 22.5% stake successful Petro Rabigh, Reuters reported, from Japan's Sumitomo Chemical for $701.8 million, bringing the Saudi company's full ownership to astir 60%. The lipid elephantine besides precocious acquired a number involvement successful artificial quality institution HUMAIN, which is bulk owned by Saudi Arabia's Public Investment Fund.
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