Saudi Aramco reports higher third-quarter profit despite attacks; outlets differ on size
Saudi Aramco's third-quarter profit rose despite attacks on its facilities, but The New York Times reports a 9 percent increase and France 24 reports 34%.
Saudi Aramco, the Saudi state-owned oil company, reported higher profit for the third quarter on Tuesday. The two outlets covering the results give different growth figures.
The New York Times reports a 9 percent increase in third-quarter profit. France 24 reports a 34% rise in net profit, to $36.25 billion.
Both outlets say the company's infrastructure was attacked. The Times refers to damaging attacks on pipelines and refineries. France 24 says Houthi rebels targeted the company's infrastructure and even its headquarters.
France 24 says elevated oil prices offset the supply disruption caused by the Iran war.
Reported by
- The New York TimesSaudi Aramco Profit Jumps Despite Damaging Attacks on Pipelines and RefineriesTue, Nov 3, 2:19 AM EST
- France 24Despite attacks, Saudi Aramco posts 34% rise in net profits in latest quarterTue, Nov 3, 5:13 AM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.