The Saudi Arabian Oil Co., better known as Aramco, recorded a substantial increase in profits during the third quarter on rebounding global energy demand, which is likely to “remain healthy for the foreseeable future,” CEO Amin H. Nasser said.

Higher oil volumes sales and prices, combined with stronger refining and chemicals margins, were underpinned by surging demand and increased economic activity in key markets, Nasser said of the 3Q2021 performance.

“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,” he said.

“Looking ahead, we are maintaining our strategy to invest for the long term, and we will build on our track record of low-cost...