Saudi Aramco reported $31.2 billion in adjusted net income for the third quarter Tuesday and said it was exploring overseas storage and alternative export routes for its crude shipments.
The figure rose from $28.6 billion in third-quarter 2025. In its results announcement, Aramco said its East-West Pipeline continued to provide flexibility for crude exports. The pipeline carries oil 1,200 kilometers from Dhahran to Yanbu on the Red Sea.
Separately, United Kingdom Maritime Trade Operations (UKMTO) reported a tanker incident off Saudi Arabia on Nov. 2. It said two unknown projectiles struck the vessel’s port side while it was sailing southeast, 72 nautical miles east of Ras Al Khafji. All crew members were accounted for, and no environmental impact had been reported. The maritime report did not establish a connection between the strike and Aramco’s export plans.
Aramco said it was considering additional storage abroad and other export routes. It already has crude storage arrangements in Japan and South Korea. Saudi Arabia also plans crude storage in Singapore from the second half of 2027.
