Saudi Aramco reports third‑quarter net profit increased 34 percent year‑on‑year to $36.25 billion and approved a base dividend of $21.9 billion, a 3.5 percent rise. Revenue grew to $140.5 billion, driven by higher oil and chemical prices despite lower volumes. Downstream earnings before interest and tax jumped 234 percent, while adjusted net income rose 9 percent to $31.2 billion. The company says its Zuluf crude project has started production and it is pursuing extra overseas storage and new export routes amid Houthi attacks on Saudi energy infrastructure.
Saudi Aramco
3 stories since 30 October 2026, newest first
4 November 2026
31 October 2026
Brent crude futures for December delivery settle at $117.64 a barrel, a six‑month peak, while West Texas Intermediate closes at $104.12, both rising over 2% on 31 Oct. Prices have surged 13.6% for Brent and 15.2% for WTI during October. Iran’s IRGC reports three vessels struck naval mines in the Strait of Hormuz, a claim the U.S. Central Command rejects, and an unidentified projectile has hit a tanker there. Europe prepares to release 42 million barrels of strategic reserves, and Saudi Aramco offers discounted spot cargoes to European buyers as traders brace for volatility ahead of the U.S. midterm elections.
30 October 2026
On 31 Oct the coalition reported destroying a hostile drone over the Riyadh region, as well as additional drones in the Eastern Province and the southern region. The interceptions caused no injuries, although debris fell in Riyadh. The coalition did not disclose where the drones were launched from. The Houthis deny carrying out any of the attacks. The incidents follow a series of drone interceptions reported on 30 Oct over Medina, Mecca and the Eastern Region.