© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
DUBAI (Reuters) – Saudi Arabian state oil producer Aramco (SE:2222) said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts.
Net income jumped to $30.4 billion for the quarter to Sept. 30 from $11.8 billion a year earlier.
Analysts had expected a net profit of $28.4 billion, according to the mean estimate from four analysts.
Saudi Aramco Q3 profit soars on higher prices, volumes sold
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.