DhahranAramco’s third-quarter profit hit $31.2 billion, up 9%.
A 35% higher average selling price outweighed output still below prewar levels.
Aramco is expanding its East-West pipeline, which carries up to 7 million barrels a day and bypasses the Strait of Hormuz.
Aramco’s shares have still lagged majors that operate outside the Gulf.
CEO Amin Nasser says refilling depleted global stocks would take two years even if the war ended today.
How each outlet framed it
- semafor.com
- emphasizes Aramco's profit rising on a 35% price jump despite lower output, and its stock lagging majors that operate outside the Gulf
- The New Arab
- reports Nasser's pipeline expansion toward 10 million bpd and the three-route export options (Hormuz, Bab al-Mandeb, Suez)
Sources: semafor.com, The New Arab