Petro Rabigh Swings to 6.7B SAR Nine-Month Profit
Rabigh, Saudi Arabia — Petro Rabigh posted a net profit of 6,702 million SAR for the nine months ended September 30, 2026, swinging sharply from a net loss of 3,292 million SAR in the same period a year earlier. Higher plant utilization, stronger refined product margins, and favorable global supply-demand conditions drove the turnaround. Revenue […] The post Petro Rabigh Swings to 6.7B SAR…
Saudi Arabian oil company Petro Rabigh reported a nine-month profit of 6,702 million SAR for the period ending September 30, 2026, after posting a loss of 3,292 million SAR in the same period a year earlier. This turnaround was driven by increased plant utilization, improved margins on refined products, and favorable global supply-demand conditions.
Revenue more than doubled to 52,032 million SAR, a 113.6% increase year-on-year. The previous 60-day maintenance shutdown across all facilities in 2025 had a significant impact, amplifying the year-on-year improvement. Earnings per share reached 4.01 SAR, up from a loss of 1.97 SAR per share the previous year.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
