Aramco strengthens its global presence in refining and chemicals with 99.9% supply reliability

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Aramco strengthens its global presence in refining and chemicals with 99.9% supply reliability

Aramco’s refining, chemicals and marketing sector continued Saudi ArabiaAchieving strong performance during the third quarter and nine months of 2025.

This was supported by an expansion strategy that enhances industrial integration and global presence. Despite pressure on chemicals margins, the sector benefited from improved refining margins and increased investments in strategic projects inside and outside the Kingdom, while maintaining 99.9% supply reliability, and implementing expansion deals in China and the Philippines to enhance the company’s position globally.

Refining, Chemicals and Marketing Sector

The company’s adjusted profits amounted to Aramcobefore interest, income taxes, and zakat amounted to 9.775 billion riyals for the third quarter of 2025, which was relatively similar to 9.722 billion riyals for the second quarter of 2025.

The company’s capital expenditures also amounted to Aramco 11,654 billion riyals for the third quarter of 2025, compared to 10,527 billion riyals for the second quarter of 2025, which represents an increase of 10.7%.

The increase is primarily due to progress in capital projects such as the expansion of the Amiral project at the SATORP refinery.

Adjusted earnings before interest, income taxes and zakat were 9,775 billion riyals for the third quarter of 2025 compared to 3.869 billion riyals for the same quarter of 2024. This increase is mainly due to the improvement in profit margins for the refining business, partially offset by weak profit margins for the chemical business.

Capital expenditures also amounted to 11,654 billion riyals for the third quarter of 2025, compared to 9,466 billion riyals for the same quarter of the year. 2024, which represents an increase of 23.1%.

The increase is primarily due to progress in capital projects such as the S-Opel project in building an integrated petrochemical steam cracking facility, and the expansion of the Amiral project at the Satorp refinery.

Adjusted earnings before interest, income taxes and zakat amounted to 23,670 billion riyals for the first nine months of 2025, compared to 5,703 billion riyals for the same period in 2024, and this increase is mainly due to improved profit margins for the refining business, partially offset by weak profit margins for the chemicals business.

Capital expenditures also amounted to 30,788 billion riyals for the first nine months of 2025 compared to 23,841 billion riyals for the same period in 2024, which represents an increase of 29.1%.

The increase was primarily due to progress in capital projects such as the project to build a steam cracking facility for integrated petrochemicals developed by S-Oil, and the expansion of the Amiral project at the Satorp refinery.

Global Presence

In the third quarter of 2025, Saudi Aramco continued to expand its global presence in the refining, chemicals and marketing sectors through strategic international investments, and strengthened its position as a reliable partner in the refining fields. And petrochemicals.

During the first nine months of the year, the refining, chemicals and marketing sector used about 54% of Saudi Aramco’s crude oil production, while the company maintained its distinguished reputation for the reliability of its work, and the reliability of supplies reached 99.9%.

Refining sector developments

Saudi Aramco made an initial investment in an integrated refining and petrochemical complex in Fujian Province in China, where the Fujian Sinopec Aramco Refining and Petrochemical Company Limited was established in partnership with Sinopec with a 25% interest and Fujian Petrochemical Company Limited with a 50% interest.

The joint venture, in which Saudi Aramco has a 25% stake, will develop the complex, which includes a refinery with a capacity of 320 thousand barrels per day, an ethylene production unit with a capacity of 1.5 million tons annually and a crude oil facility. It has a capacity of 300,000 tons, and the ability to produce two million tons of paraxylene and its derivatives.

The project, expected to be completed in 2030, aims to create an integrated petrochemical complex on a global level.

UniOil deal

Saudi Aramco’s acquisition of a 25% stake in UniOil Petroleum Philippines Ltd. (UniOil) was successfully completed in October, after Obtaining the necessary regulatory approvals.

Through this acquisition, Saudi Aramco continues to enhance its strategic expansion in its global retail network in high-value markets. UniOil is one of the largest petroleum companies in the Philippines, as it owns more than 175 retail stations and 4 storage facilities.

Petro Rabigh Deal

In October, Saudi Aramco completed the acquisition of an additional stake amounting to about 22.5% in Petro Rabigh, an integrated refining and petrochemical complex in the Kingdom, from Sumitomo Company for 2.6 billion riyals.

As a result of this deal, Saudi Aramco’s share in Petro Rabigh Company increased to about 60%, becoming the largest shareholder, while Sumitomo retained a 15% share.

The deal also includes the transfer of marketing rights to the products of Petro Rabigh Company, which is owned by Sumitomo and its companies affiliated with Saudi Aramco and its companies. This deal embodies Saudi Aramco’s support for its partners and affiliated companies in line with its strategy in the refining, chemicals, and marketing sector, which focuses on enhancing value creation, business integration, and diversification of the investment portfolio.

This step contributes to enhancing Saudi Aramco’s ability to support the ongoing transformation program at Petro Rabigh Company, which includes targeted asset updates to increase Productivity of products with high profit margins, and enhancing facility reliability.