Sabic Q3 Report 2023

For Q3 earning call, we will start with SABIC’s highlight of the quarter and the ESG update, we will then cover the Business Environment, followed by: Key End Industry and Trends, Market Major Petrochemicals Prices and Market Spreads for Key Products.

EBITDA margin has improved in Q3 2023 driven by the increase in sales volumes supported
by a decrease in feedstock prices

Oil prices increased by 10% to $86 affected by OPEC+ curtailments that set the ceiling and reduction in the US oil reserves by 9%.

Moving into feedstock prices, Naphtha prices increased by a range between 6% – 8% due to lower supply from OPEC+.

Natural Gas prices reduced by 9% in Europe due to high quantity being stocked in the
European market and increased by 17% in the US, due to higher demand before the
winter season.