INSUBCONTINENT EXCLUSIVE:
third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts forecasts.Net income
That was above the median net profit forecast of $28.4 billion from four analysts."Our exceptional third quarter performance was a result of
increased economic activity in key markets and a rebound in energy demand, as well as our unique low-cost position," Amin Nasser, Aramco's
quarter, helped by the decision by OPEC+ to maintain its planned output increase rather than raising it on global supply concerns.Brent oil
company's free cash flow rose to $28.7 billion from $12.4 billion
It declared a dividend of $18.8 billion for the third quarter, in line with its guidance.Higher oil prices and volumes have boosted Aramco's
