As the COVID-19 pandemic continues to have a significant impact on economies around the world, our industry has been confronted by numerous challenges. The combination of reduced demand and a fragile business environment has created uncertainty for many companies globally.
Against this backdrop, Aramco has continued to deliver.
While there is ongoing uncertainty due to COVID-19, we saw early signs of recovery in the third quarter due to improved economic activity. The quarter also saw us continue to make progress on our long-term strategic journey, including the integration of SABIC.
Our focus on sustainability was further reinforced with the world’s first shipment of high-grade blue ammonia by Aramco and SABIC, for use in zero carbon power generation in Japan.
With COVID-19 still a concern, I want to again remind everyone to remain vigilant when it comes to your health and safety. This includes continuing to wear face masks while practicing good hygiene and safe distancing.
Our company’s resilience during these unprecedented times is a direct consequence of your continued commitment. As such, I want to thank all of you for your dedication as we not only strive to deliver positive results today, but also contribute to an even greater tomorrow.
President and CEO