Oil giant reports higher third-quarter earnings on elevated oil prices, but its CEO warns of a global crisis in the sector amid geopolitical uncertainty and attacks on energy infrastructure.
Browsing: profit
Revenue rose 10% from the same period in 2025, while net profit increased 25% to USD 216 million. The strong results prompted the company to raise its full-year guidance.
The director of International Relations of CNA, Sueme Mori, said Middle Eastern, Asian, and African nations could increase their demand.
The Saudi company’s earnings totaled USD 48.4 billion, surpassing forecasts of USD 46.2 billion.
The Central Bank said local financial institutions saw USD 3.7 billion worth of gross profit between them year-to-date through September.
The Brazilian state-run utility company had posted USD 528 million in losses in Q3 2018. Revenue was up 9.7% and Ebitda increased by 303%.
Net profit soared to an all-time high for Brazil’s state-run oil company, at BRL 18.9 billion.
