{
  "id": 16878239,
  "title": "Petro Rabigh Swings to 6.7B SAR Nine-Month Profit",
  "url": "https://urgent.news/2026/10/28/petro-rabigh-swings-to-6-7b-sar-nine-month-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T09:10:34.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/10/28/petro-rabigh-swings-to-6-7b-sar-nine-month-profit/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}