Aramco Q3 results: Saudi oil giant posts $26.9 billion profit; lower crude prices weigh, beats analyst estimates

Saudi Aramco announced a third-quarter net profit of $26.9 billion. This figure is slightly lower than last year. Global crude prices impacted earnings. The company’s revenue stood at $111 billion. This performance supports Saudi Arabia’s economic diversification plans. The kingdom’s low production costs are a significant advantage.

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