Saudi Basic Industries Corporation SJSC
SAU:2010
Gross Margin
Saudi Basic Industries Corporation SJSC
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| SA |
|
Saudi Basic Industries Corporation SJSC
SAU:2010
|
228.3B SAR |
18%
|
|
| ID |
|
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
|
631.5T IDR |
3%
|
|
| ID |
|
Chandra Asri Pacific PT Tbk
OTC:PTPIF
|
37.4B USD |
3%
|
|
| US |
|
Dow Inc
NYSE:DOW
|
25.4B USD |
11%
|
|
| UK |
|
LyondellBasell Industries NV
NYSE:LYB
|
23.2B USD |
11%
|
|
| CN |
|
Hengli Petrochemical Co Ltd
SSE:600346
|
109.5B CNY |
7%
|
|
| KR |
|
LG Chem Ltd
KRX:051910
|
20.5T KRW |
15%
|
|
| US |
|
Westlake Corp
NYSE:WLK
|
12.9B USD |
16%
|
|
| CN |
|
Rongsheng Petrochemical Co Ltd
SZSE:002493
|
82B CNY |
4%
|
|
| IN |
|
Solar Industries India Ltd
NSE:SOLARINDS
|
963.8B INR |
49%
|
|
| JP |
|
Toray Industries Inc
TSE:3402
|
1.7T JPY |
19%
|
Saudi Basic Industries Corporation SJSC
Glance View
Saudi Basic Industries Corporation SJSC, commonly known as SABIC, is a pivotal player in the global petrochemical industry, rooted deeply in the Arabian oil tradition yet ambitiously stretching its reach around the world. Established by the Saudi Arabian government in 1976 to harness the kingdom's vast hydrocarbon resources, SABIC has blossomed into one of the world’s largest chemical manufacturers. The company primarily focuses on converting hydrocarbons into a vast array of essential chemicals, industrial polymers, fertilizers, and metals. This transformation is achieved through a complex network of strategically located production plants that leverages Saudi Arabia's advantageous positions relative to the world's oil reserves. Though historically state-owned, a significant stake was acquired by Saudi Aramco in 2020, positioning SABIC within a grander vision of diversifying the nation's energy-based economy. SABIC generates its revenue primarily through the conversion and sale of natural gas and hydrocarbons into chemicals like ethylene and methanol, as well as plastics such as polyethylene and polypropylene. A vital cog in the wheel of global manufacturing, the company supplies key materials used in a variety of industries, ranging from automotive and electronics to construction and healthcare. The economic model relies heavily on its vast production capacity, cost-effective raw material sourcing directly from the rich oil fields of Saudi Arabia, and its ability to efficiently operate one of the most extensive logistics and supply chain networks in the industry. Constant innovation and a focus on sustainable product development have kept SABIC at the forefront of the petrochemical industry, reflecting not only a commitment to growth but also to meeting the evolving needs of its diverse, global clientele.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Saudi Basic Industries Corporation SJSC's most recent financial statements, the company has Gross Margin of 18.3%.
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