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Aramco and SABIC Realign Marketing & Sales, Commercial & Supply Activities

Saudi Arabia’s Aramco and SABIC have announced their intention to transfer the marketing and sales responsibility for a number of Aramco petrochemicals and polymers products to SABIC, and the offtake and resale responsibility of a number of SABIC products to Aramco Trading Company (ATC). The effect of these changes, planned to be implemented on a phased basis during 2021, subject to the necessary consents being obtained, will focus SABIC on petrochemicals products and ATC on fuel products.
This is a significant step in aligning the Aramco and SABIC strategies, following Aramco’s acquisition of a 70% stake in SABIC in June 2020. Aramco and SABIC will continue to review options for further global marketing and sales transfers across product-producing companies within the Aramco group portfolio. ....

Saudi Arabia , South Korea , Aramco Trading Company , Sadara Chemical Company , Prefchem Pengerang Petrochemical Company Sdn , Pengerang Petrochemical Company , Us Oil Corporation , சவுதி அரேபியா , தெற்கு கொரியா , அரம்கோ வர்த்தக நிறுவனம் , சதாரா இரசாயன நிறுவனம் , கள் எண்ணெய் நிறுவனம் ,

Aramco bounces back on high oil; net income surges to $22bn

Aramco bounces back on high oil; net income surges to $22bn
DHAHRAN (Saudi Arabia), 29 days
ago
State oil giant Saudi Arabian Oil Company (Aramco) has registered a 30 per cent jump in its net income which soared to $21.7 billion for the first quarter from $16.7 billion, primarily driven by a stronger oil market and higher refining and chemicals margins, partly offset by lower production.

Announcing the results for the first three months ended March 31, Aramco said this growth was underpinned by higher oil prices and an improved economic environment in the first three months of 2021.

During this period, Aramco demonstrated reliable upstream performance with an average total hydrocarbon production of 11.5 million barrels per day of oil equivalent in the first quarter of 2021, including 8.6 million barrels per day of crude oil. ....

Saudi Arabia , Ash Sharqiyah , Saudi Arabian , Aminh Nasser , Saudi Arabian Oil Company Aramco , Dow Chemical Company , Sadara Chemical Company , Saudi Arabian Oil Company , சவுதி அரேபியா , சவுதி அரேபியன் , சவுதி அரேபியன் எண்ணெய் நிறுவனம் அரம்கோ , டோ இரசாயன நிறுவனம் , சதாரா இரசாயன நிறுவனம் , சவுதி அரேபியன் எண்ணெய் நிறுவனம் ,

Saudi Arabian Oil : Aramco announces first quarter 2021 results

Free cash flow : $18.3 billion
Q4 2020 dividend of $18.8 billion paid in the first quarter; Q1 2021 dividend of $18.8 billion to be paid in the second quarter
The Saudi Arabian Oil Company ( Aramco or the Company ) today announced its first quarter financial results, posting a 30% year-on-year increase in net income to $21.7 billion and declaring a dividend of $18.8 billion to be paid in Q2. The results were underpinned by higher oil prices and an improved economic environment in the first three months of 2021.
Commenting on the results, Aramco President & CEO Amin H. Nasser, said:
The momentum provided by the global economic recovery has strengthened energy markets, and Aramco s operational flexibility, financial agility and the resilience of our employees have contributed to a strong first quarter performance. For our customers we remain a supplier of choice, and for our shareholders we continue to deliver an exceptional quarterly ....

Ash Sharqiyah , Saudi Arabia , Saudi Arabian , Aminh Nasser , Saudi Arabian Oil Company Aramco , Dow Chemical Company , Sadara Chemical Company , Million Trees Initiative , Sustainability Development Goals , Saudi Arabian Oil Company , Aramco President , One Million Trees Initiative , United Nations Biodiversity , Johns Hopkins Aramco Healthcare , சவுதி அரேபியா , சவுதி அரேபியன் , சவுதி அரேபியன் எண்ணெய் நிறுவனம் அரம்கோ , டோ இரசாயன நிறுவனம் , சதாரா இரசாயன நிறுவனம் , மில்லியன் மரங்கள் முயற்சி , நிலைத்தன்மை வளர்ச்சி இலக்குகள் , சவுதி அரேபியன் எண்ணெய் நிறுவனம் , அரம்கோ ப்ரெஸிடெஂட் , ஒன்று மில்லியன் மரங்கள் முயற்சி , ஒன்றுபட்டது நாடுகள் பல்லுயிர் , ஜான்ஸ் ஹாப்கின்ஸ் அரம்கோ சுகாதாரம் ,

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Saudi Arabia , Ar Riya , South Korea , Ibrahim Al Buainain , Abdulrahman Al Fageeh , Prefchem Pengerang Petrochemical Company Sdn Bhd , Saudi Aramco , Aramco Trading Company , Sadara Chemical Company , Pengerang Petrochemical Company Sdn Bhd , Us Oil Corporation , Aramco Para Xylene , சவுதி அரேபியா , தெற்கு கொரியா , சவுதி அரம்கோ , அரம்கோ வர்த்தக நிறுவனம் , சதாரா இரசாயன நிறுவனம் , கள் எண்ணெய் நிறுவனம் ,

Sabic rebounds with net profit of $1.3bn in Q1

Sabic rebounds with net profit of $1.3bn in Q1
RIYADH, 5 hours, 58 minutes
ago
Saudi Basic Industries Corp (Sabic), a global leader in chemicals, said that its net profits during the first quarter (Q1) of the year reached SR4.86 billion ($1.30 billion), rebounding from a net loss of SR1.05 billion in Q1 2020 on the back of higher prices and margins.
This was higher than the net profits of SR2.25 billion [$0.60 billion] in the previous quarter, it added.
The company’s revenue for the first quarter reached SR37.53 billion ($10.01 billion), representing an increase of 14% compared to the previous quarter and a 24% increase year-on-year. ....

Yousef Al Benyan , Aramco Trading Company , Sadara Chemical Company , Tradearabia News Service , Saudi Basic Industries Corp Sabic , Saudi Basic Industries Corp , Sabic Vice Chairman , Aramco Trading , Edison Awards , Tradearabia News , Rade Arabia , Iddle East Trade News , Cc Business News , Ndustry News , Trade News , Usiness Directory , Roject News , Remium Content , யௌஊசெப் அல் பென்யன் , அரம்கோ வர்த்தக நிறுவனம் , சதாரா இரசாயன நிறுவனம் , சவுதி அடிப்படை தொழில்கள் கார்ப் சாபிக் , சவுதி அடிப்படை தொழில்கள் கார்ப் , சாபிக் துணை தலைவர் , அரம்கோ வர்த்தக , எடிசன் விருதுகள் ,