Its shares are down nearly 5% since the start of the year. SABIC, 70% owned by oil major Saudi Aramco, swung to a 2024 net profit of 1.54 billion riyals from a net loss of 2.77 billion riyals in 2023.

Al-Falih played down chatter in the market that Aramco would fund the entire $70 billion Sabic deal with the bond offering. “It’s not going to be anywhere near the number that’s been rumored ...

expected upside from transformation programs and SABIC synergies). Aramco’s spare capacity provides flexibility to help meet potential oil demand growth. If called upon, utilizing one million barrels ...

In November 2022, SABIC Agri-Nutrients and Aramco shipped the world’s first commercially accredited low-carbon blue ammonia to South Korea.

Saudi Arabia’s SABIC, a global leader in diversified chemicals, announced on Wednesday its financial results for the year 2024, with a net profit of SAR 1.5 billion compared to a net loss of SAR ...

SABIC AN profit dips 9% to SAR 3.32B in 2024; Q4 at SAR 954.3M 12 M 2024 SABIC AN profit drops 11% to SAR 2.37B in 9M 2024; Q3 at SAR 827M 9 M 2024 SABIC AN profit falls 5% to SAR 1.54B in H1 2024; Q2 ...

This was reported in a Saudi Aramco press release. Aramco, together with the Sabic division, refused to continue the construction of the planned petrochemical plant with a capacity of 400 thousand ...

RIDYADH: Saudi Basic Industries Corp, the chemical-maker in which Saudi Aramco holds a majority stake ... The company, known as Sabic, said third-quarter profit was 1.09 billion riyals (US$ ...

(Bloomberg) -- Aramco plans to trim the world’s biggest dividend, lowering a key source of funds for Saudi Arabia’s budget while relieving stress on its own finances. Saudi Aramco expects the ...

Its shares are down nearly 5% since the start of the year. SABIC, 70% owned by oil major Saudi Aramco, swung to a 2024 net profit of 1.54 billion riyals from a net loss of 2.77 billion riyals in 2023.