RBC Capital on Monday upgraded oil and gas giant BP (BP.L) to outperform from sector perform, while keeping its price target at 7.00 pounds sterling.
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National Industrialization Co. (SASE:2060), d/b/a Tasnee, said Sunday that it swung to an attributable loss for the first quarter, while revenue declined year over year.Net loss attributable to shareholders of the issuer for the three months ended March 31 was 341.3 million Saudi riyals, compared with a profit of 895.8 million riyals earlier. Loss per share moved to 0.51 riyal from an EPS of 1.34 riyals.The Tadawul-listed petrochemical company's revenue was 495 million riyals, compared with 648.2 million riyals a year ago.
Arabian Drilling Co. (SASE:2381) said Sunday that net profit and revenue for the first quarter declined year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 7.1 million Saudi riyals, compared with 75.2 million riyals earlier. EPS moved to 0.08 riyal from 0.84 riyal.The Tadawul-listed oilfield services company's revenue was 821.6 million riyals, compared with 911.1 million riyals a year ago.
Saudi Aramco Base Oil Co. (SASE:2223), d/b/a Luberef, said Sunday that net profit and revenue for the first quarter of 2026 increased year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 258 million Saudi riyals, compared with 221.5 million riyals earlier. EPS moved to 1.53 riyals from 1.32 riyals.The Tadawul-listed base oil producer's revenue was 2.16 billion riyals, compared with 2.13 billion riyals a year ago.