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Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarter

Saudi Arabia's state-owned oil giant saw its profits rise to $36.25 billion in the third quarter, despite seeing its infrastructure and even headquarters targeted by Houthi rebels. Elevated oil prices have offset the supply disruption caused by the Iran war. Also in this edition: North Korea denies any involvement in the largest-ever crypto heist and we take a look at how Russia's strikes against…

CommodityOilPrice.com

Saudi Aramco Profit Beats Expectations as Oil Prices Soar

Saudi Aramco beat analyst estimates of its third-quarter profit as higher crude oil and fuel prices offset the impact of oil supply disruptions due to attacks on its assets. The Saudi state oil giant on Tuesday reported an adjusted net income of $31.2 billion for the third quarter, up from $28.6 billion for the same period last year, and easily beating a $28.7-billion analyst consensus estimate…

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