Saudi Petro Rabigh narrows net loss in Q1
by ChemOrbis Editorial Team - content@chemorbis.com
Rabigh Refining and Petrochemical Co. (Petro Rabigh) significantly reduced its net losses for the first quarter of 2025, reporting a 49.4% year-on-year decline to SAR 691 million ($184 million), compared to SAR 1.36 billion ($362 million) in the same period last year.
On a quarter-on-quarter basis, the company’s net loss declined by 11.4% from SAR 780 million ($208 million) in Q4 2024, supported by marginal sales growth and stronger refined product prices and volumes.
The improvement was fueled by stronger sales and enhanced margins, supported by higher volumes of refined and petrochemical products and stable operational performance during the quarter.
Revenues surged by 44% year-over-year to SAR 11.49 billion ($3 billion). Meanwhile, operating loss narrowed to SAR 314 million ($84 million), compared to SAR 830 million ($221 million) in Q1 2024.
On a quarter-on-quarter basis, the company’s net loss declined by 11.4% from SAR 780 million ($208 million) in Q4 2024, supported by marginal sales growth and stronger refined product prices and volumes.
The improvement was fueled by stronger sales and enhanced margins, supported by higher volumes of refined and petrochemical products and stable operational performance during the quarter.
Revenues surged by 44% year-over-year to SAR 11.49 billion ($3 billion). Meanwhile, operating loss narrowed to SAR 314 million ($84 million), compared to SAR 830 million ($221 million) in Q1 2024.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Europe’s petchem plants close, assets change hands: How far has restructuring progressed?
- Suez recovery gains ground, but global shipping remains far from normal
- Saudi pipeline outage compounds supply and logistics risks, fueling PP, PE rally
- S Korea’s petchem restructuring moves from talks to closures
- European natural gas, Asian LNG hit fresh highs amid Middle East tensions
- Global shipping faces persistent bottlenecks across major trade routes
- War or recovery? H1 earnings reshuffle petchem winners and losers
- Oil roller coaster in July H2 fails to derail most polymer rallies
- Dow’s €1.1 billion claim puts Europe’s ethylene cartel dispute back in focus
- Crude oil surges on renewed war premium; will it reverse the polymer slump?
