Saudi Aramco reported a 0.9% increase in third-quarter profit on Tuesday, driven by higher production despite ongoing pressure on oil prices.

The company’s third-quarter 2025 results compared with LSEG consensus estimates are as follows:
– Adjusted net income: 104.92 billion Saudi riyals ($27.98 billion) vs. 98.47 billion Saudi riyals estimated
– Revenue: 418.16 billion Saudi riyals vs. 411.26 billion Saudi riyals estimated

Third-quarter revenue rose slightly to 418.16 billion Saudi riyals, up from 416.63 billion Saudi riyals in the same period last year.

These results come at a challenging time for Aramco, as the company faces a profit squeeze due to weaker oil prices. There was a brief surge in prices during the second quarter, triggered by geopolitical tensions between Israel and Iran, but that boost proved temporary.

Year-to-date, spot prices for U.S. West Texas Intermediate (WTI) crude have dropped more than 16%, according to data from FactSet. Similarly, the global benchmark Brent crude has declined by over 12%.

Adding to the market dynamics, OPEC+ recently announced a modest increase in oil production for December, while deciding to halt further production hikes in the first quarter of next year. The cartel members agreed to raise their December production target by 137,000 barrels per day, matching the increases seen in October and November.

This cautious approach by OPEC+ reflects ongoing uncertainty in the oil market amid fluctuating demand and geopolitical risks.
https://www.cnbc.com/2025/11/04/saudi-aramco-q3-net-profit-oil-.html