Skip to content

World’s Top Chemicals Firm Sabic Sees Profit Hit by Costs

  • Sabic’s earnings jumped in the first quarter to $1.73 billion
  • Higher feedstock costs are lowering margins of chemical firms
Updated on

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Saudi Basic Industries Corp., the world’s largest chemical maker by market value, posted a 33% jump in quarterly profit but expects rising feedstock prices to pressure earnings over the rest of the year.