Petro Rabigh incurs SAR 3.30 bln loss in 9M 2023, SAR 1.14 bln in Q3

08/11/2023 Argaam Exclusive

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Rabigh Refining and Petrochemical Co. (Petro Rabigh) reported a net loss of SAR 3.30 billion for the first nine months of 2023, compared with SAR 696 million in the prior-year period.

Financials (M)

Item	9m 2022	9m 2023	Change‬
Revenues	45,146.49	34,309.76	(24.0 %)
Gross Income	2,728.89	(19.67)	(100.7 %)
Operating Income	1,403.93	(1816.00)	(229.4 %)
Net Income	696.04	(3305.24)	(574.9 %)
Average Shares	1,671.00	1,671.00	-
EPS (Riyals)	0.42	(1.98)	(574.9 %)

This was mainly due to unfavorable market conditions adversely affecting the margins for both refined and petrochemical products.

In addition, Petro Rabigh complex was partially shut down for scheduled turnaround of its Phase II units starting Dec. 1, 2022, to Jan. 23, 2023. The Ethane cracker unit was also shut down from March 1-20, 2023, for necessary maintenance activities to enhance the plant’s reliability.

The company narrowed Q3 2023 loss to SAR 1.14 billion from SAR 1.41 billion a year earlier, mainly due to improved refined products margin and a slight improvement in petrochemical products margin.

On a sequential basis, the company cut Q3 loss from SAR 1.19 billion on improved refined products margin.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2022	Q3 2023	Change‬
Revenues	12,644.86	12,647.46	0.0 %
Gross Income	(771.96)	309.97	140.2 %
Operating Income	(1174.26)	(594.00)	49.4 %
Net Income	(1413.45)	(1145.08)	19.0 %
Average Shares	1,671.00	1,671.00	-
EPS (Riyals)	(0.85)	(0.69)	19.0 %

Item	Q2 2023	Q3 2023	Change‬
Revenues	10,681.80	12,647.46	18.4 %
Gross Income	(202.03)	309.97	253.4 %
Operating Income	(717.69)	(594.00)	17.2 %
Net Income	(1196.05)	(1145.08)	4.3 %
Average Shares	1,671.00	1,671.00	-
EPS (Riyals)	(0.72)	(0.69)	4.3 %

Total shareholders’ equity, with no minority interest, reached SAR 11.95 billion as of Sept. 30, 2023, compared with SAR 16.92 billion a year earlier.

The accumulated losses reached SAR 5 billion at the end of 9M 2023, representing 29.96% of the company's capital.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	14,235.50	39.7 %	672.14	249.5 %	416.31	166.2 %
Q2 2014	14,040.48	(1.1 %)	446.38	6968.4 %	192.36	191.2 %
Q3 2014	14,814.36	18.1 %	558.23	176.4 %	306.15	995.8 %
Q4 2014	11,146.41	(18.5 %)	48.49	(93.2 %)	(181.08)	(136.3 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
Q1 2015	7,648.01	(46.3 %)	577.44	(14.1 %)	225.34	(45.9 %)
Q2 2015	8,495.54	(39.5 %)	740.32	65.9 %	493.77	156.7 %
Q3 2015	6,674.60	(54.9 %)	(250.09)	(144.8 %)	(463.33)	(251.3 %)
Q4 2015	2,695.71	(75.8 %)	(772.34)	(1692.7 %)	(1015.87)	(461.0 %)
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
Q1 2016	4,947.26	(35.3 %)	221.46	(61.6 %)	(9.53)	(104.2 %)
Q2 2016	6,335.74	(25.4 %)	400.82	(45.9 %)	115.95	(76.5 %)
Q3 2016	6,375.62	(4.5 %)	25.03	110.0 %	(201.43)	56.5 %
Q4 2016	7,487.51	177.8 %	460.12	159.6 %	217.56	121.4 %
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
Q1 2017	6,702.23	35.5 %	65.14	(70.6 %)	(172.65)	(1,711.3 %)
Q2 2017	8,843.80	39.6 %	634.67	58.3 %	392.70	238.7 %
Q3 2017	9,141.32	43.4 %	1,101.80	4301.9 %	809.76	502.0 %
Q4 2017	9,523.67	27.2 %	894.42	94.4 %	623.16	186.4 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
Q1 2018	9,856.35	47.1 %	772.06	1085.3 %	377.56	318.7 %
Q2 2018	10,742.81	21.5 %	664.18	4.6 %	297.20	(24.3 %)
Q3 2018	12,041.25	31.7 %	607.50	(44.9 %)	343.71	(57.6 %)
Q4 2018	8,357.79	(12.2 %)	271.31	(69.7 %)	(91.05)	(114.6 %)
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
Q1 2019	8,428.02	(14.5 %)	817.68	5.9 %	460.79	22.0 %
Q2 2019	9,031.62	(15.9 %)	290.65	(56.2 %)	(55.00)	(118.5 %)
Q3 2019	8,742.11	(27.4 %)	870.60	43.3 %	595.98	73.4 %
Q4 2019	7,860.24	(6.0 %)	(261.02)	(196.2 %)	(650.58)	(614.5 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
Q1 2020	4,061.63	(51.8 %)	(1385.50)	(269.4 %)	(1714.55)	(472.1 %)
Q2 2020	2,706.39	(70.0 %)	(453.08)	(255.9 %)	(788.61)	(1,333.8 %)
Q3 2020	7,051.72	(19.3 %)	133.19	(84.7 %)	(303.97)	(151.0 %)
Q4 2020	8,050.46	2.4 %	802.78	407.6 %	315.69	148.5 %
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
Q1 2021	10,135.53	149.5 %	1,286.33	192.8 %	912.88	153.2 %
Q2 2021	11,109.27	310.5 %	1,367.05	401.7 %	989.49	225.5 %
Q3 2021	11,276.98	59.9 %	935.43	602.3 %	467.94	253.9 %
Q4 2021	13,116.29	62.9 %	1,167.68	45.5 %	670.11	112.3 %
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %
Q1 2022	14,401.62	42.1 %	1,480.26	15.1 %	1,051.21	15.2 %
Q2 2022	18,100.01	62.9 %	2,020.58	47.8 %	1,526.98	54.3 %
Q3 2022	12,644.86	12.1 %	(771.96)	(182.5 %)	(1174.26)	(350.9 %)
Q4 2022	10,805.99	(17.6 %)	(1045.15)	(189.5 %)	(1492.86)	(322.8 %)
2022	55,952.48	22.6 %	1,683.73	(64.6 %)	(88.94)	(102.9 %)
Q1 2023	10,980.50	(23.8 %)	(127.61)	(108.6 %)	(534.63)	(150.9 %)
Q2 2023	10,681.80	(41.0 %)	(202.03)	(110.0 %)	(717.69)	(147.0 %)
Q3 2023	12,647.46	0.0 %	309.97	140.2 %	(594.00)	49.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	50,597.71	(18.4 %)	461.09	(69.8 %)	(313.01)	(147.9 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %
2022	55,952.48	22.6 %	1,683.73	(64.6 %)	(88.94)	(102.9 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	413.05	162.8 %	0.33	-	413.05	0.33
Q2 2014	171.98	172.7 %	0.14	-	171.98	0.14
Q3 2014	294.33	1997.6 %	0.24	-	294.33	0.24
Q4 2014	(197.92)	(116.0 %)	(0.16)	-	(197.92)	(0.16)
2014	681.43	89.7 %	0.54	-	681.43	0.54
Q1 2015	205.43	(50.3 %)	0.16	-	205.43	0.16
Q2 2015	504.92	193.6 %	0.40	-	504.92	0.40
Q3 2015	(460.12)	(256.3 %)	(0.37)	-	(460.12)	(0.37)
Q4 2015	(1008.73)	(409.7 %)	(0.81)	-	(1008.73)	(0.81)
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
Q1 2016	(36.64)	(117.8 %)	(0.03)	-	(36.64)	(0.03)
Q2 2016	101.00	(80.0 %)	0.08	-	101.00	0.08
Q3 2016	(210.55)	54.2 %	(0.17)	-	(210.55)	(0.17)
Q4 2016	180.98	117.9 %	0.14	-	180.98	0.14
2016	34.78	104.6 %	0.03	-	34.78	0.03
Q1 2017	(239.69)	(554.2 %)	(0.19)	-	(239.69)	(0.19)
Q2 2017	315.66	212.6 %	0.25	-	315.66	0.25
Q3 2017	706.47	435.5 %	0.56	-	706.47	0.56
Q4 2017	640.54	253.9 %	0.51	-	640.54	0.51
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
Q1 2018	296.15	223.6 %	0.24	-	296.15	0.24
Q2 2018	234.50	(25.7 %)	0.19	-	234.50	0.19
Q3 2018	243.44	(65.5 %)	0.19	-	243.44	0.19
Q4 2018	(105.53)	(116.5 %)	(0.08)	-	(105.53)	(0.08)
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
Q1 2019	256.84	(13.3 %)	0.21	-	256.84	0.21
Q2 2019	(308.45)	(231.5 %)	(0.25)	-	(308.45)	(0.25)
Q3 2019	394.17	61.9 %	0.32	-	394.17	0.32
Q4 2019	(886.71)	(740.3 %)	(0.71)	-	(886.71)	(0.71)
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
Q1 2020	(1796.83)	(799.6 %)	(1.44)	-	(1796.83)	(1.44)
Q2 2020	(1435.09)	(365.3 %)	(1.15)	-	(1435.09)	(1.15)
Q3 2020	(609.80)	(254.7 %)	(0.49)	-	(609.80)	(0.49)
Q4 2020	60.61	106.8 %	0.05	-	60.61	0.05
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
Q1 2021	649.37	136.1 %	0.52	-	649.37	0.52
Q2 2021	716.94	150.0 %	0.57	-	716.94	0.57
Q3 2021	221.45	136.3 %	0.18	-	221.45	0.18
Q4 2021	448.90	640.6 %	0.36	-	448.90	0.36
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63
Q1 2022	724.76	11.6 %	0.58	-	724.76	0.58
Q2 2022	1,384.73	93.1 %	1.11	236.25	1,148.48	0.92
Q3 2022	(1413.45)	(738.3 %)	(0.85)	-	(1413.45)	(0.85)
Q4 2022	(1810.92)	(503.4 %)	(1.08)	-	(1810.92)	(1.08)
2022	(1114.88)	(154.7 %)	(0.67)	236.25	(1351.13)	(0.81)
Q1 2023	(964.11)	(233.0 %)	(0.58)	-	(964.11)	(0.58)
Q2 2023	(1196.05)	(186.4 %)	(0.72)	-	(1196.05)	(0.72)
Q3 2023	(1145.08)	19.0 %	(0.69)	(365.70)	(779.38)	(0.47)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	359.18	(26.5 %)	0.29	750.00	(390.82)	(0.31)
2014	681.43	89.7 %	0.54	-	681.43	0.54
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
2016	34.78	104.6 %	0.03	-	34.78	0.03
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63
2022	(1114.88)	(154.7 %)	(0.67)	236.25	(1351.13)	(0.81)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	2.90 %	5.38 %	1.24 %
Q2 2014	3.74 %	6.20 %	2.00 %
Q3 2014	4.21 %	6.49 %	2.41 %
Q4 2014	3.18 %	5.56 %	1.26 %
2014	3.18 %	5.56 %	1.26 %
Q1 2015	3.42 %	5.94 %	0.99 %
Q2 2015	4.57 %	7.40 %	1.92 %
Q3 2015	3.29 %	6.76 %	0.15 %
Q4 2015	1.16 %	5.55 %	(2.97 %)
2015	1.16 %	5.55 %	(2.97 %)
Q1 2016	(0.27 %)	5.38 %	(4.39 %)
Q2 2016	(1.94 %)	4.26 %	(6.80 %)
Q3 2016	(0.61 %)	5.96 %	(5.67 %)
Q4 2016	4.40 %	10.11 %	0.14 %
2016	4.40 %	10.11 %	0.14 %
Q1 2017	3.54 %	8.81 %	(0.63 %)
Q2 2017	4.03 %	9.05 %	0.16 %
Q3 2017	7.03 %	11.47 %	2.99 %
Q4 2017	7.88 %	11.97 %	4.16 %
2017	7.88 %	11.97 %	4.16 %
Q1 2018	9.11 %	12.46 %	5.24 %
Q2 2018	8.74 %	11.61 %	4.78 %
Q3 2018	6.97 %	9.69 %	3.36 %
Q4 2018	5.65 %	8.20 %	1.63 %
2018	5.65 %	8.20 %	1.63 %
Q1 2019	5.97 %	8.57 %	1.59 %
Q2 2019	5.25 %	7.92 %	0.23 %
Q3 2019	6.51 %	9.27 %	0.69 %
Q4 2019	5.04 %	8.05 %	(1.60 %)
2019	5.04 %	8.05 %	(1.60 %)
Q1 2020	(1.63 %)	2.47 %	(8.75 %)
Q2 2020	(5.26 %)	1.02 %	(15.94 %)
Q3 2020	(9.07 %)	(1.80 %)	(21.81 %)
Q4 2020	(4.13 %)	3.21 %	(17.29 %)
2020	(4.13 %)	3.21 %	(17.29 %)
Q1 2021	6.33 %	12.28 %	(4.78 %)
Q2 2021	9.88 %	14.42 %	2.25 %
Q3 2021	10.82 %	14.65 %	4.06 %
Q4 2021	10.42 %	13.64 %	4.46 %
2021	10.42 %	13.64 %	4.46 %
Q1 2022	9.92 %	12.60 %	4.23 %
Q2 2022	9.85 %	11.86 %	4.47 %
Q3 2022	6.69 %	8.76 %	1.56 %
Q4 2022	3.01 %	5.27 %	(2.41 %)
2022	3.01 %	5.27 %	(2.41 %)
Q1 2023	0.14 %	2.66 %	(5.79 %)
Q2 2023	(4.76 %)	(1.75 %)	(11.94 %)
Q3 2023	(2.36 %)	(0.35 %)	(10.53 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	0.91 %	3.72 %	(0.77 %)
2014	3.18 %	5.56 %	1.26 %
2015	1.16 %	5.55 %	(2.97 %)
2016	4.40 %	10.11 %	0.14 %
2017	7.88 %	11.97 %	4.16 %
2018	5.65 %	8.20 %	1.63 %
2019	5.04 %	8.05 %	(1.60 %)
2020	(4.13 %)	3.21 %	(17.29 %)
2021	10.42 %	13.64 %	4.46 %
2022	3.01 %	5.27 %	(2.41 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	4.72 %	6.85 %	2.90 %
Q2 2014	3.18 %	5.49 %	1.22 %
Q3 2014	3.77 %	5.92 %	1.99 %
Q4 2014	0.44 %	3.50 %	(1.78 %)
Q1 2015	7.55 %	10.34 %	2.69 %
Q2 2015	8.71 %	12.42 %	5.94 %
Q3 2015	(3.75 %)	0.91 %	(6.89 %)
Q4 2015	(28.65 %)	(18.25 %)	(37.42 %)
Q1 2016	4.48 %	12.20 %	(0.74 %)
Q2 2016	6.33 %	11.18 %	1.59 %
Q3 2016	0.39 %	6.16 %	(3.30 %)
Q4 2016	6.15 %	11.19 %	2.42 %
Q1 2017	0.97 %	6.44 %	(3.58 %)
Q2 2017	7.18 %	11.30 %	3.57 %
Q3 2017	12.05 %	15.56 %	7.73 %
Q4 2017	9.39 %	13.03 %	6.73 %
Q1 2018	7.83 %	10.08 %	3.00 %
Q2 2018	6.18 %	8.40 %	2.18 %
Q3 2018	5.05 %	7.88 %	2.02 %
Q4 2018	3.25 %	6.16 %	(1.26 %)
Q1 2019	9.70 %	12.15 %	3.05 %
Q2 2019	3.22 %	5.63 %	(3.42 %)
Q3 2019	9.96 %	13.22 %	4.51 %
Q4 2019	(3.32 %)	0.69 %	(11.28 %)
Q1 2020	(34.11 %)	(24.25 %)	(44.24 %)
Q2 2020	(16.74 %)	0.46 %	(53.03 %)
Q3 2020	1.89 %	7.49 %	(8.65 %)
Q4 2020	9.97 %	14.25 %	0.75 %
Q1 2021	12.69 %	17.19 %	6.41 %
Q2 2021	12.31 %	16.43 %	6.45 %
Q3 2021	8.30 %	10.91 %	1.96 %
Q4 2021	8.90 %	10.89 %	3.42 %
Q1 2022	10.28 %	12.53 %	5.03 %
Q2 2022	11.16 %	12.63 %	6.35 %
Q3 2022	(6.10 %)	(3.28 %)	(11.18 %)
Q4 2022	(9.67 %)	(6.71 %)	(16.76 %)
Q1 2023	(1.16 %)	2.30 %	(8.78 %)
Q2 2023	(1.89 %)	0.93 %	(11.20 %)
Q3 2023	2.45 %	1.72 %	(6.16 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	1,250.63	1.14	0.54	7.46
Q2 2014	1,250.63	1.47	0.87	7.59
Q3 2014	1,250.63	1.69	1.09	7.81
Q4 2014	1,250.63	0.54	0.54	7.64
Q1 2015	1,250.63	0.38	0.38	7.80
Q2 2015	1,250.63	0.65	0.65	8.20
Q3 2015	1,250.63	0.04	0.04	7.47
Q4 2015	1,250.63	(0.61)	(0.61)	6.68
Q1 2016	1,250.63	(0.80)	(0.80)	6.57
Q2 2016	1,250.63	(1.12)	(1.12)	6.66
Q3 2016	1,250.63	(0.92)	(0.92)	6.48
Q4 2016	1,250.63	0.03	0.03	6.71
Q1 2017	1,250.63	(0.13)	(0.13)	6.43
Q2 2017	1,250.63	0.04	0.04	6.71
Q3 2017	1,250.63	0.77	0.77	7.34
Q4 2017	1,250.63	1.14	1.14	8.06
Q1 2018	1,250.63	1.57	1.57	8.36
Q2 2018	1,250.63	1.50	1.50	8.26
Q3 2018	1,250.63	1.13	1.13	8.51
Q4 2018	1,250.63	0.53	0.53	8.43
Q1 2019	1,250.63	0.50	0.50	8.68
Q2 2019	1,250.63	0.07	0.07	8.51
Q3 2019	1,250.63	0.19	0.19	8.88
Q4 2019	1,250.63	(0.44)	(0.44)	8.03
Q1 2020	1,250.63	(2.08)	(2.08)	6.59
Q2 2020	1,250.63	(2.98)	(2.98)	5.44
Q3 2020	1,250.63	(3.78)	(3.78)	4.96
Q4 2020	1,250.63	(3.02)	(3.02)	4.96
Q1 2021	1,250.63	(1.07)	(1.07)	5.48
Q2 2021	1,250.63	0.65	0.65	6.07
Q3 2021	1,250.63	1.32	1.32	6.24
Q4 2021	1,250.63	1.63	1.63	6.64
Q1 2022	1,250.63	1.69	1.69	7.25
Q2 2022	1,250.63	2.22	2.03	8.41
Q3 2022	1,671.00	0.69	0.54	10.13
Q4 2022	1,671.00	(0.67)	(0.81)	9.13
Q1 2023	1,671.00	(1.68)	(1.82)	8.55
Q2 2023	1,671.00	(3.22)	(3.22)	7.84
Q3 2023	1,671.00	(3.06)	(2.84)	7.15

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	1,250.63	0.29	(0.31)	7.13
2014	1,250.63	0.54	0.54	7.64
2015	1,250.63	(0.61)	(0.61)	6.68
2016	1,250.63	0.03	0.03	6.71
2017	1,250.63	1.14	1.14	8.06
2018	1,250.63	0.53	0.53	8.43
2019	1,250.63	(0.44)	(0.44)	8.03
2020	1,250.63	(3.02)	(3.02)	4.96
2021	1,250.63	1.63	1.63	6.64
2022	1,671.00	(0.67)	(0.81)	9.13

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	21.37	44.92	3.28
Q2 2014	19.67	33.21	3.81
Q3 2014	18.24	28.23	3.96
Q4 2014	31.19	31.19	2.22
Q1 2015	52.78	52.78	2.56
Q2 2015	30.59	30.59	2.41
Q3 2015	More than 100	More than 100	2.01
Q4 2015	NEG	NEG	1.72
Q1 2016	NEG	NEG	1.50
Q2 2016	NEG	NEG	1.62
Q3 2016	NEG	NEG	1.43
Q4 2016	More than 100	More than 100	1.64
Q1 2017	NEG	NEG	1.85
Q2 2017	More than 100	More than 100	1.59
Q3 2017	16.71	16.71	1.75
Q4 2017	13.53	13.53	1.91
Q1 2018	14.84	14.84	2.78
Q2 2018	17.68	17.68	3.21
Q3 2018	19.32	19.32	2.57
Q4 2018	33.42	33.42	2.12
Q1 2019	37.77	37.77	2.19
Q2 2019	More than 100	More than 100	2.29
Q3 2019	98.10	98.10	2.09
Q4 2019	NEG	NEG	2.53
Q1 2020	NEG	NEG	1.52
Q2 2020	NEG	NEG	2.31
Q3 2020	NEG	NEG	2.95
Q4 2020	NEG	NEG	2.61
Q1 2021	NEG	NEG	2.88
Q2 2021	33.67	33.67	3.63
Q3 2021	19.89	19.89	4.20
Q4 2021	11.90	11.90	2.92
Q1 2022	15.66	15.66	3.65
Q2 2022	10.26	11.21	2.71
Q3 2022	20.02	25.23	1.35
Q4 2022	NEG	NEG	1.17
Q1 2023	NEG	NEG	1.18
Q2 2023	NEG	NEG	1.47
Q3 2023	NEG	NEG	1.52

Period	P/E	Adjusted P/E	Price/book
2013	79.05	NEG	3.18
2014	31.19	31.19	2.22
2015	NEG	NEG	1.72
2016	More than 100	More than 100	1.64
2017	13.53	13.53	1.91
2018	33.42	33.42	2.12
2019	NEG	NEG	2.53
2020	NEG	NEG	2.61
2021	11.90	11.90	2.92
2022	NEG	NEG	1.17

Business Segments (Million)

Compared With The

Period	Refined products	Petrochemical products
Q1 2014	11,728.13	2,507.37
Q2 2014	11,627.12	2,413.36
Q3 2014	12,239.59	2,574.78
Q4 2014	8,501.53	2,644.88
Q1 2015	5,808.61	1,839.40
Q2 2015	6,508.04	1,987.50
Q3 2015	5,337.85	1,336.75
Q4 2015	1,846.11	849.60
Q1 2016	3,949.86	997.40
Q2 2016	4,609.96	1,725.79
Q3 2016	5,036.36	1,339.26
Q4 2016	5,827.73	1,659.77
Q1 2017	5,288.48	1,413.75
Q2 2017	6,781.72	2,062.09
Q3 2017	6,986.55	2,154.77
Q4 2017	7,180.40	2,343.26
Q1 2018	7,525.00	2,331.35
Q2 2018	8,067.19	2,675.62
Q3 2018	9,410.60	2,630.65
Q4 2018	6,444.51	1,913.28
Q1 2019	6,512.69	1,915.32
Q2 2019	7,046.58	1,985.04
Q3 2019	6,930.13	1,811.98
Q4 2019	5,387.40	2,472.84
Q1 2020	2,632.33	1,429.31
Q2 2020	1,726.85	979.54
Q3 2020	4,196.94	2,854.78
Q4 2020	4,657.58	3,392.88
Q1 2021	6,339.68	3,795.84
Q2 2021	6,401.95	4,707.33
Q3 2021	6,925.36	4,351.62
Q4 2021	8,258.98	4,857.30
Q1 2022	10,164.99	4,236.63
Q2 2022	13,303.70	4,796.32
Q3 2022	8,653.58	3,991.28
Q4 2022	8,453.80	2,352.19
Q1 2023	8,710.13	2,270.37
Q2 2023	7,141.51	3,540.30
Q3 2023	9,309.08	3,338.37

Period	Refined products	Petrochemical products
2013	42,865.96	7,731.75
2014	44,096.36	10,140.39
2015	19,500.61	6,013.25
2016	19,423.91	5,722.22
2017	26,237.14	7,973.87
2018	31,447.30	9,550.89
2019	25,876.80	8,185.18
2020	13,213.70	8,656.50
2021	27,925.98	17,712.09
2022	40,576.07	15,376.42

Financial Ratios

	Current
Market Cap (M Riyal)	14,153.37
Enterprise Value (EV) (M)	42,437.95
Shares Outstanding ((M))	1,671.00
EPS ( Riyal) (TTM)	(3.08)
Book Value (BV) ( Riyal)	6.33
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.34
Return on Average Assets (%) (TTM)	(8.04 )
Return on Average Equity (%) (TTM)	(45.74 )

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh incurs SAR 3.30 bln loss in 9M 2023, SAR 1.14 bln in Q3

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh incurs SAR 3.30 bln loss in 9M 2023, SAR 1.14 bln in Q3

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2023

Revenue by Business Segment (Latest) 2023 Q3

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Business Segments (Million)