Source: Sharecast
Adjusted net income reached $31.2bn in the three months to September end, up from $28.6bn a year previously and ahead of consensus for around $30.7bn.
Total hydrocarbon production was 11.05m barrels of oil equivalent per day, down on last year’s 13.27m but up on the second quarter’s 9.46m.
Conflict in the Middle East has weighed heavily on the Saudi Arabian oil and gas giant this year. The Strait of Hormuz has been blocked for much of the year, hitting exports, while the state-owned company - the world’s biggest oil exporter - has also seen its own facilities and infrastructure attacked, including strikes last month by Yemen’s Houthi rebels.
The company said: "Geopolitical developments in the Middle East have contributed to regional instability and volatility in global energy markets since March. Key shipping routes have been affected, leading to supply chain disruptions and increased volatility in oil prices.
"In addition, certain facilities of the company and its affiliates in the Kingdom were targeted in attacks."
Amin Nasser, chief executive, acknowledged: "Geopolitical uncertainty and attacks on key energy facilities continued to amplify the global energy supply crisis in the third quarter of 2026, with serious implications for global energy security."
But he continued: "We continue to explore additional overseas storage capacity and alternative export routes, to further strengthen our global supply network, and our robust operational and financial performance during this volatile period demonstrates the value of our resilience."
Prior to the US launching its first attacks on Iran in February, oil was trading below $70 a barrel. Since then benchmark Brent crude has reached highs of more than $120, and despite an uneasy ceasefire between Tehran and Washington and renewed diplomatic efforts to end the conflict, prices remain elevated. As at 1100 GMT, Brent crude was priced at $105.61 a barrel.