Saudi oil giant Aramco announced a 34.6 per cent surge in third-quarter net profit, as the Middle East war keeps crude prices soaring while the kingdom’s energy infrastructure comes under regular attack, AFP reports.
Yemen’s Houthis have targeted Saudi tankers, pipelines, storage facilities and refineries regularly since hostilities resumed in July, intensifying their strikes in recent weeks.
The firm said net profit hit 135.9 billion riyals ($36.2bn) in the third quarter, compared with around 101bn riyals in the same period a year earlier.
But Aramco’s boss warned that the conflict continued to weigh heavily on energy security.
In the second quarter, Aramco had reported a 44pc year-on-year increase in net profit to 122.6bn riyals.
