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.

EHang, JAC Motors and Guoxian Holdings will conduct joint research on the automation of aircraft production technologies and build a manufacturing base, all to accelerate low-altitude aviation ...

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 ...

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 ...

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 ...

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

Aramco and Ma’aden have agreed to set up a joint venture for mineral exploration and mining in Saudi Arabia. The venture will focus on energy transition minerals, including extracting lithium ...

expected upside from transformation programs and SABIC synergies. 5. In line with internal analysis which is indicative, may change over time and may not be precise. 6. Calculated on a 12-month ...

Saudi chemicals group SABIC flags cost cuts after worse than ... November 18, 2024 Sinopec, Aramco start building $10 billion petchem complex in China's Fujian Sinopec Corp and Saudi Aramco ...

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024 on Tuesday, down 12% from the prior year as lower energy prices now squeeze ...

Al Benyan has worked hard to advance the fortunes of SABIC since first taking on the ... own and a memorandum of understanding with Saudi Aramco to build a $20bn complex for converting crude ...

Saudi Aramco had a market cap of $2.3 trillion as of June 13, 2022. In 2019, it was listed on the Saudi Exchange, and in 2020 it acquired a 70% stake in SABIC. The group reported revenues of $400.5 ...