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

Adnoc Drilling set to distribute $1bn dividends for FY 2025

Adnoc Drilling said it has won approval from its shareholders at the AGM for distribution of $1 billion dividends for FY 2025 and also 5% minimum increase to the 2026 payout. These approvals follow a defining year for Adnoc Drilling in which the company delivered record financial and operational performance....

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

Sabic revenue hits $31bn amid petrochemicals headwinds

Saudi Basic Industries Corporation (Sabic), has reported a net adjusted income of SAR2.1 billion ($560 million) for 2025, as annual revenue reached SAR116.5 billion ($31 billion). A key highlight was the global petchem leader's brand value exceeding the $5 billion threshold for the first time hitting $5.19 billion. ...

Energy, Oil & Gas

Dewa delivers record $8.9bn revenue for 2025; net profit hits $2.5bn

Dubai Electricity and Water Authority (Dewa) has announced that it has delivered the strongest financial and operational performance in its history for the full year 2025, recording a net profit after tax of AED9.1 billion ($2.5 billion) and a consolidated revenue of AED32.84 billion ($8.9 billion). ...

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

Adnoc L&S reports $3.7bn revenue for nine months of 2025

Adnoc Logistics and Services has announced record-breaking financial results for the first nine months (9M) of 2025, alongside a resilient third quarter (Q3). For the nine-month period, the company’s revenue surged 39 percent year-on-year (YoY) to $3.705 billion (AED13.605 billion)....