SABIC ranked 4th among top 100 petrochemical firms in 2016: ICIS

Saudi Basic Industries Corp. (SABIC) held its fourth position on ICIS top 100 petrochemical companies in 2016, for the second consecutive year.

Last year, Sabic reported total sales of $35.42 billion and assets worth $84.49 billion.

In terms of net profit, Sabic topped the list with around $5 billion in 2016, up from the second place in the previous year.   

Germany’s BASF SE, the world’s largest chemical producer, remained on top of the list with $60.56 billion in sales, followed by China’s Sinopec with $48.26 billion and United States’ Dow Chemical with $48.16 billion. 

National Industrialization Co. (Tasnee) came in the 79th position, jumping six slots compared to 2015.

Tadawul-listed Rabigh Refining and Petrochemical Company (Petro Rabigh) took the 119th place, up six places from the previous year.