Shares of energy companies ticked up after strong earnings from a Saudi drilling giant.

Saudi Arabian Oil Co., the national oil company known as Aramco, posted third-quarter earnings ahead of Wall Street targets, amid what it characterized as record high oil demand. Aramco booked a quarterly net profit of $27.56 billion, down from $32.58 billion a year earlier, but above the average analysts estimate of $26.89 billion.

Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

11-05-24 1740ET