Energy, Oil & Gas

Sabic swings to Q1 profit, revenue down 6pc

Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing. ...

Energy, Oil & Gas

Petro Rabigh cuts accumulated losses to 14.77% of share capital

Petro Rabigh, a leading petrochemical company jointly owned by oil giant Aramco and Japan's Sumitomo Chemical, has announced that it has cut its accumulated losses to 14.77% of share capital, dropping below a key regulatory threshold after a capital reduction and a return to profit. ...

Energy, Oil & Gas

Arab Energy Fund delivers record net income of $282.4m

The Arab Energy Fund, a leading multilateral impact financial institution, achieved its fourth consecutive year of record net income in 2025, supported by sustained balance sheet growth, strong funding activity, disciplined cost management, and continued portfolio optimisation across business lines....

Energy, Oil & Gas

Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi utility major Acwa has reported solid results for FY 2025 with its revenue soaring to hit SAR7.41 billion ($1.97 billion) and its net profit recording a 60% growth over the previous year as higher operating income and stronger contributions from operating assets lifted earnings. ...

Energy, Oil & Gas

Empower's profit up 10.5pc in 2025; revenue soars to $925m

Emirates Central Cooling Systems Corporation (Empower) has announced solid results for the FY 2025, with record revenues of AED3.4 billion ($925.6 million), up 4.9% over the previous year, while its net profit surged by 10.5% to hit AED1.004 billion ($273 million) for 12-month period. ...

Energy, Oil & Gas

SABIC reports 7% revenue decline and lower profit in Q3

Saudi Basic Industries Corporation (SABIC) has reported a 7% year-on-year decline in revenue for the third quarter of 2025, with total revenue amounting to SAR34.33 billion ($9.15 billion), primarily due to lower average selling prices and sales volumes. ...

Energy, Oil & Gas

Nakilat's Q3 net profit surges 3pc to $355m

Qatar Gas Transport Company (Nakilat) has announced a net profit of QAR1.31 billion ($355 million) for the third quarter, up 3% over last year, thus underscoring its strong operational resilience in a dynamic global LNG shipping environment. ...