Aramco Surprises With Profit Beat in Sign of Easing Pressure
Update: 2025-11-04
Description
Aramco's third-quarter profits surge, driven by increased oil production, despite global price cooling. The company's strategic focus on volume over price support has paid off, boosting demand and offsetting lower prices. With record profits, Aramco invests in projects like Jafurah gas field, aiming to increase gas output by 80% by 2030. The company's cash flow hits nearly $24 billion, covering dividend payments and improving debt ratio. As global energy demand shifts, Aramco's strategy will significantly impact Saudi Arabia and international energy trends.
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