The Financial Post reports in its Wednesday edition that Saudi Aramco reported a surprise increase in third quarter profit, with adjusted net income rising about 1 per cent to $28-billion (U.S.), surpassing analyst expectations. A Bloomberg dispatch to the Post reports that this increase, driven by a production boost, ended a streak of falling earnings. Free cash flow also exceeded the total dividend payout for the first time in two years, while net debt decreased. Aramco's improved results come amidst a backdrop of lower crude prices and highlight its critical role in supporting Saudi Arabia's economy through energy revenue and dividends. Emirates NBD PJSC economist Ed Bell says: "For Aramco, it really does come down to volume. There will always be a trade-off between targeting price and targeting volume. And the decision this year from OPEC+ to unwind its restraint is showing that member nations want to target volume and market share." Oil prices in London have fallen 13 per cent this year to $65 (U.S.) a barrel, well below the over $90 (U.S.) needed for Saudi Arabia to balance its budget. This has led to Aramco slowing its domestic refining and chemical plans to concentrate on a large natural gas development.