Saudi Aramco Base Oil Company - Luberef 2223
TADAWUL · Saudi Arabia · Energy Minerals
SAR 128.00+0.30 (+0.23%)
Market closed· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · SAR · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
For much of the Iran war, China has helped balance the market by reducing imports of oil. That appears to be changing.
Luberef posts a 113% surge in net income to 992 million SAR, driven by record base oil crack margins, while navigating export rerouting and inventory revaluation losses.
Despite a 12% decline in sales volume, Saudi Aramco Base Oil Co - Luberef (SAU:2223) reported a 16% increase in net income, showcasing resilience in a challenging market environment.
Saudi Aramco CEO Amin Nasser warned that further disruptions to global energy supply could prove "catastrophic" amid fallout from the Iran war.
Despite a decline in net income and sales volumes, Luberef's strategic initiatives and robust crack margins position the company for future growth.
Wall Street's biggest banks see oil prices falling into the $50s or lower per barrel in 2026 and beyond, teeing up a tough year for the oil and gas industry.
Despite a 14% increase in net income, Saudi Aramco Base Oil Co - Luberef (SAU:2223) faces significant free cash flow decline and procurement delays impacting its Growth II project.
Recent third-party headlines about this company, kept separate from Makkler's own editorial coverage and linking out to the publisher. Accuracy is the publisher's responsibility.