© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov
DUBAI (Reuters) – Saudi Arabian state oil producer Aramco (TADAWUL:) said on Tuesday its third-quarter net income rose 39%, boosted by higher prices and volumes sold, beating analysts’ forecasts.
Aramco’s net income rose to $42.4 billion for the quarter to Sept. 30 from $30.4 billion a year earlier, it said in a bourse filing. That was just above the median net profit forecast of $41.7 billion from 16 analysts.
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