Saudi state oil company reports jump in profits despite attacks; Australian central bank lifts rates – business live

Saudi Aramco reported a net profit increase of over a third in the third quarter of 2026, specifically rising by 35%. This growth was driven by higher oil prices and the sale of a stake in a Malaysian company, offsetting output reductions caused by attacks on facilities. Despite geopolitical uncertainty and a global energy supply crisis impacting energy security, the company maintained operational excellence and flexibility through its workforce and a strong supply network to achieve these results.