Saudi Aramco reports higher third-quarter net profit on production boost
Update: 2025-11-04
Description
Saudi Aramco, the oil giant, reported a 0.9% increase in profit for Q3 2025, reaching nearly $28 billion, driven by higher oil production and revenue. Despite global oil price pressures, Aramco maintained strong finances, approving over $21 billion in dividends and generating over $23 billion in free cash flow. Meanwhile, OPEC Plus decided to increase oil production in December but hold off on further increases in Q1 2026, amid concerns about producing too much and new Western sanctions on Russia. Aramco also expanded its investments into new areas, including AI, signaling a future where technology and energy work more closely together.
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