Saudi Aramco delivers exceptional Q3 2021 performance on rebound in energy demand: Nasser

Saudi Aramco President & CEO Amin Nasser

Saudi Aramco’s exceptional Q3 2021 performance was driven by increased economic activity in key markets and a rebound in energy demand, President & CEO Amin Nasser said.

The third-quarter performance was also driven by the company’s unique low-cost position, financial discipline, and its proven ability to reliably deliver essential energy and chemical products to customers.

“Some headwinds still exist for the global economy, partly due to supply chain bottlenecks, but we are optimistic that energy demand will remain healthy for the foreseeable future,” Nasser added in a statement received by Argaam.

“Looking ahead, we are maintaining our strategy to invest for the long-term, and we will build on our track record of low-cost and low-carbon intensity performance to advance our recently announced ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across our wholly-owned operated assets by 2050,” he concluded.

The world’s biggest oil producer posted an over twofold rise in net profit after Zakat and tax to SAR 291 billion for the first nine months of 2021. The third-quarter net profit skyrocketed to SAR 114.1 billion.