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    2010   SA0007879121

SAUDI BASIC INDUSTRIES CORPORATION

(2010)
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Saudi Arabia's SABIC launches U.S. Gulf Coast project with ExxonMobil

01/20/2022 | 08:08am EDT
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Booth of U.S. major ExxonMobil is seen at the China (Dongying) International Petrochemical Trade Exhibition in Dongying

DUBAI (Reuters) - Petrochemicals giant Saudi Basic Industries Corp's (SABIC) joint venture project with ExxonMobil in the U.S. Gulf Coast, which involves an ethylene production unit, has begun commercial operations, it said on Thursday.

The company announced plans on Sept. 19 to establish an ethylene production unit with annual capacity of about 1.8 million tonnes, SABIC said in a bourse statement.

The unit will feed two polyethylene production units, the company said without disclosing financial details.

(Reporting by Hadeel Al Sayegh; Editing by David Goodman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
SAUDI BASIC INDUSTRIES CORPORATION -1.32% 119.4 End-of-day quote.2.93%
All news about SAUDI BASIC INDUSTRIES CORPORATION
05/18Saudi Basic Industries Corporation Reports Earnings Results for the First Quarter Ended..
CI
05/17Clariant Expects Same Ties With Saudi Shareholder As Governance Deal Ends
MT
05/17Clariant sees no reason relationship with SABIC will change
RE
05/17Clariant May Get Takeover Bid From Saudi Shareholder After Ending Governance Deal; Shar..
MT
05/17Clariant Shares Rise on Expiry of SABIC Governance Agreement
DJ
05/15Saudi Basic Industries Corporation Announces the Latest Developments of Establishment o..
CI
04/24SAUDI BASIC INDUSTRIES : SABIC's Innovative Solutions Win 5 Awards at Edison Awards 2022
PU
04/21SABIC AT BOAO FORUM FOR ASIA 2022 : “Re-Globalize” The World Economy Through T..
PU
04/19SAUDI BASIC INDUSTRIES : SABIC Launches New LNP™ Compound Offering Easy Plating with..
PU
04/15SAUDI BASIC INDUSTRIES : SABIC completes acquisition of Clariant's stake in scientific des..
PU
More news
Analyst Recommendations on SAUDI BASIC INDUSTRIES CORPORATION
More recommendations
Financials
Sales 2022 189 B 50 413 M 50 413 M
Net income 2022 23 418 M 6 243 M 6 243 M
Net cash 2022 14 754 M 3 933 M 3 933 M
P/E ratio 2022 15,4x
Yield 2022 3,59%
Capitalization 358 B 95 495 M 95 495 M
EV / Sales 2022 1,82x
EV / Sales 2023 1,76x
Nbr of Employees 35 000
Free-Float 30,0%
Chart SAUDI BASIC INDUSTRIES CORPORATION
Duration : Period :
Saudi Basic Industries Corporation Technical Analysis Chart | 2010 | SA0007879121 | MarketScreener
Technical analysis trends SAUDI BASIC INDUSTRIES CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 119,40 SAR
Average target price 123,81 SAR
Spread / Average Target 3,69%
EPS Revisions
Managers and Directors
Yousef bin Abdullah Al-Benyan Vice Chairman & Chief Executive Officer
Timothy D. Leveille Executive Vice President-Corporate Finance
Khalid Hashim Al-Dabbagh Chairman
Bob Maughon Executive Vice President-Technology & Innovation
Khaled Hamza Nahas Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SAUDI BASIC INDUSTRIES CORPORATION2.93%95 495
AIR LIQUIDE4.44%79 692
WANHUA CHEMICAL GROUP CO., LTD.-16.65%39 490
LYONDELLBASELL INDUSTRIES N.V.16.96%35 341
ALBEMARLE CORPORATION1.14%27 690
GANFENG LITHIUM CO., LTD.-14.93%24 564