High crude oil prices boost SABIC’s Q2 earnings

Saudi Basic Industries Corp., the petrochemicals company majority owned by Saudi Aramco, saw higher revenues across its petrochemical streams in the second quarter supported by higher crude oil prices, the company said Aug. 9. Revenue for the three-month period ended June jumped 6.3% year on year to $14.98 billion. Revenue for the company’s petrochemicals and specialties stream rose 4% quarter…

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