Saudi Arabia Refineries (SASE:2030), d/b/a Sarco, said Monday its attributable net profit and revenue for the first quarter grew year over year.
Net profit attributable to shareholders of the issuer for the three months ended March 31 was 5.7 million Saudi riyals, compared with 2.1 million riyals earlier. EPS moved to 0.38 riyal from 0.14 riyal.
The Tadawul-listed petroleum refining company's revenue was 9.5 million riyals, compared with 6.7 million riyals a year ago.
(Updates to add Aramco's statement)Saudi Arabian crude oil loading in June for export to China is expected to fall sharply month over month to between 13 million and 14 million barrels from 20 million barrels for May.Bloomberg News reported Monday, citing traders informed by the producer, that the average crude oil shipped to China, before the Iran war, stood at 40 million to 50 million barrels a month.Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The board of Natural Gas Distribution Co. (SASE:9516), d/b/a NGDC, recommended a cash dividend of 0.60 Saudi riyal per share for full-year 2025.The Saudi Arabian natural gas supplier will announce the distribution date later, according to a Monday release. It paid 0.50 riyal per share in the year-ago period.
Par Pacific (PARR) said Monday its Par Petroleum unit plans to offer $500 million of senior unsecured notes due 2034 in a private placement.The company said Par Pacific and certain subsidiaries are expected to guarantee the notes on a senior unsecured basis.Par Pacific said it plans to use the net proceeds from the offering, along with cash on hand or borrowings under its asset-based revolving credit facility, to repay and terminate Par Petroleum's term loan due 2030.PARR shares were up 2% in early trading Monday.Price: $65.06, Change: $+0.69, Percent Change: +1.06%