Aramco earnings up in Q3, but still far less than last year

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil and gas giant Aramco has announced third quarter profits of nearly $12 billion, a significantly higher net income from its dramatically lower second quarter earnings. Still, the mostly state-owned company’s third quarter earnings of $11.8 billion are down nearly 45% compared to last year’s $21.3 billion for the same quarter. Aramco, like other energy producers globally, is wading through a tough year amid the coronavir