Saudi Aramco posted a 39% yearly surge in net income for the third quarter and generated record free cash flow as higher oil prices and higher production helped it beat the analyst consensus. Aramco, the world’s biggest oil firm in terms of both production and market capitalization, said on Tuesday that its third-quarter net income jumped by 39% year over year to $42.4 billion, while free cash flow surged to a record $45.0 billion from $28.7 billion for the third quarter of 2021. The profit from this past quarter is Aramco’s…
