Saudi Aramco's profit rose by 34.5% amid the conflict with Iran The Saudi oil company Saudi Aramco reported an increase in net profit in the third quarter of 2026 by 34.5% to $36.25 billion compared to $26.9 billion the previous year. The main growth factor was the highest oil prices in the world. The company's average selling price for raw materials rose from $70.10 to $95.20 per barrel. At the same time, the conflict surrounding Iran continues to put pressure on Saudi Arabia's oil production. Aramco's total hydrocarbon output fell from 13.3 million to 11.05 million barrels of oil equivalent per day. Despite attacks on energy infrastructure, including the East-West oil pipeline, the company said it maintains 97.8% supply reliability. Against the backdrop of ongoing restrictions on shipping through the Strait of Hormuz, Riyadh is considering expanding oil storage facilities overseas and alternative export routes. This will reduce the dependence of Saudi supplies on the situation in the Persian Gulf. Vestnik Caucasus.

Saudi Aramco's profit rose by 34.5% amid the conflict with Iran The Saudi oil company Saudi Aramco reported an increase in net profit in the third quarter of 2026 by 34.5% to $36.25 billion compared to $26.9 billion the previous year. The main growth factor was the highest oil prices in the world. The company's average selling price for raw materials rose from $70.10 to $95.20 per barrel. At the same time, the conflict surrounding Iran continues to put pressure on Saudi Arabia's oil production. Aramco's total hydrocarbon output fell from 13.3 million to 11.05 million barrels of oil equivalent per day. Despite attacks on energy infrastructure, including the East-West oil pipeline, the company said it maintains 97.8% supply reliability. Against the backdrop of ongoing restrictions on shipping through the Strait of Hormuz, Riyadh is considering expanding oil storage facilities overseas and alternative export routes. This will reduce the dependence of Saudi supplies on the situation in the Persian Gulf. Vestnik Caucasus.