Saudi Aramco Q3 net income jumps 39% on higher crude prices


DUBAI: Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts' forecasts, boosted by higher crude oil prices and volumes sold.

Aramco's net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in a regulatory filing. It was just above the median net profit forecast of $41.7 billion from 16 analysts.

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Saudi Aramco , crude oil , Amin Nasser

   

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