Page 2 - Basic Industries Corp News Today

Saudi Basic Industries Corp , one of the worlds biggest petrochemical companies, said on Thursday its second-quarter net profit slumped 85% on lower average sales prices. The company...

Saudi Basic Industries Corp (Sabic), a global petrochemical gaint, has reported a 85% plunge in its net profit for Q2 which fell to SR1.2 billion ($315 million) from SR8 billion ($2.1 billion) last year, mainly due to low average sales volume and prices.

A major Indian refiner is shifting its focus to petrochemicals and has shelved plans to expand its refinery capacity.

PUNE, May 22, 2023 (GLOBE NEWSWIRE) -- "Long Steel Market" research report focus on overall information that can help to take decisions on current market...

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Saudi Aramco unexpectedly increased its dividend and said it would boost capital sending as it looks to deploy an avalanche of cash generated by last year’s…

Saudi biggest petrochemicals giant posts a net income of SR290 million ($77.28 million) in the three-month period ended December 31, down from SR4.97 billion a year ...

Saudi Basic Industries Corp (SABIC)s revenue for the second quarter of fiscal 2022 reached SAR 55.98, representing an increase of 6 per cent compared to the previous quarter...

PHILIPPINES <strong>GDP growth slows in Q2</strong> Economic growth slowed in the second quarter, officials said yesterday, warning that surging inflation and the COVID-19 pandemic would weigh on the outlook for the rest of the year. GDP rose 7.4 percent, slightly weaker than the 7.5 percent expected and down from 8.2 percent in the previous three months, National Economic and Development Authority Secretary Arsenio Balisacan told reporters. “We’re likely to face challenges indee...

The petrochemicals company attributes the increase in profit to higher average selling prices despite an increase in feedstock costs and higher selling and distribut...