Petro Rabigh shifts to profit with 2.66B riyals

Rabigh Refining and Petrochemical Company "PetroRabigh" achieved a net profit of 2.66 billion SAR in the second quarter of 2026, marking a significant turnaround from previous losses thanks to its efforts and changing market conditions. Revenue surged by 416% to reach 20.36 billion SAR, supported by increased sales volumes and higher prices for refined products and petrochemicals, despite regular maintenance shutdowns. The company affirmed that its presence on the western coast has helped secure its supplies away from the Strait of Hormuz, which remains affected by geopolitical conflicts. It also anticipates that tensions may impact energy price volatility and supply chains in the future.

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