SABIC is a major petrochemical producer majority-owned by Aramco, with margins compressed by a wave of new Chinese petrochemical capacity. Saudi industrial diversification provides a strategic backdrop, but near-term earnings face structural oversupply. The equity is a neutral hold pending a petrochemical-cycle recovery.
Thesis reviewed May 29, 2026
Saudi Basic Industries Corp. (SABIC) is headquartered in Saudi Arabia, which is currently showing moderate signals.
πΈπ¦Saudi Arabia61NEUTRALView Saudi Arabia risk detail ββ‘Energy90REDUCE| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| WDS | Woodside Energy Group Ltd | 90 | +10% | β99% | ENTRY |
| SU | Suncor Energy Inc. | 90 | +14% | β99% | ENTRY |
| CVE | Cenovus Energy Inc. | 90 | +17% | β99% | ENTRY |
| PTR | PetroChina Company Limited | 90 | +8% | β99% | NEUTRAL |
| TTE | TotalEnergies SE | 90 | +10% | β99% | ENTRY |
| BP | BP plc | 90 | -10% | β99% | AVOID |
| FTI | TechnipFMC plc | 90 | +20% | β99% | ENTRY |
Investors who hold SABC may also have indirect exposure through these country funds.
Chinese petrochemical capacity additions compress global margins
SABIC aligns strategy with Saudi industrial diversification push