Aramco third-quarter profit dips, weighed down by lower crude prices By Investing.com
Update: 2025-11-04
Description
Aramco, the world's largest oil company, reported lower profits in the September quarter, but investors were optimistic about its plans for increased natural gas production. Despite falling crude oil prices due to US tariffs and OPEC Plus's decision to raise oil output, Aramco's production is rising. The company's focus on growing its natural gas business, particularly the Jafurah project, has investors excited. Aramco aims to increase its total gas and related liquids output to six million barrels per day and boost sales gas production by 80% by 2030. Despite lower dividends, Aramco's commitment to paying out over $21 billion in dividends for the third quarter is crucial for Saudi Arabia's economic diversification efforts.
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