6 articles
Sumitomo Chemical reported a 58% surge in FY2025 net income driven by its Essential & Green Materials segment recovery and gains from selling Petro Rabigh shares. The company forecasts a 14.9% increas
Petro Rabigh posted a SR 1.5 billion Q1 2026 net profit driven by improved margins and higher sales volumes across refining and petrochemical operations. Financial restructuring was completed alongsid
Saudi Arabia’s Petro Rabigh narrowed its 2025 net loss to SR 3.9 billion via debt adjustments and capital injection from majority owner Saudi Aramco, shifting focus to high-margin petrochemical output
KBR has secured a ten-year maintenance contract for Petro Rabigh's Polymer I and Polymer II plants in Saudi Arabia, with an option to extend the agreement by two additional years.
Saudi Aramco acquired an additional stake in Petro Rabigh for $702 million, becoming its largest shareholder, while Sumitomo Chemical's holding fell to 15%.
Petro Rabigh's Q2 sales halved due to a 60-day maintenance shutdown taking all petchem units offline, with accumulated losses widening to $1.95 billion by June 30.
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