Saudi Aramco Q3 Net Profit $42.4 Billion... Up 39% YoY
"Crude Oil Demand to Continue Increasing Over the Next 10 Years"
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[Asia Economy Reporter Yoo Je-hoon] Saudi Arabia's state-owned oil company Aramco's net profit for the third quarter increased by approximately 39% compared to the same period last year due to rising oil prices and global supply reductions, CNBC reported on the 1st (local time).
According to the report, Aramco announced that its net profit for the third quarter reached $42.4 billion (about 60.12 trillion KRW). This represents a 39% increase compared to the same period last year.
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Amin Al-Nasser, Aramco's CEO, stated in a press release, "Global crude oil prices have been affected by ongoing economic uncertainties," adding, "Considering the global need for more affordable and stable energy, our long-term view is that oil demand will continue to increase over the next decade."
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