Sabic CEO on Earnings Outlook, Expansion Plans, M&A

The transcript discusses SABIC's outlook for 2018, focusing on GDP growth in major regions and crude oil prices. It highlights SABIC's strategic plans in China, emphasizing partnerships and market expansion. The diversification of SABIC's business through acquisitions is also covered, with a focus on opportunities in North America, China, and Europe. Finally, the transcript explores growth opportunities in the US, including ethane exports and joint ventures with Exxon Mobil.

What factors are influencing the market outlook for 2018 according to the transcript?

• The introduction of new technology

• GDP growth in China, Europe, and the US

• Political instability in the Middle East

• A decrease in global oil demand

How does SABIC plan to expand its presence in the Chinese market?

• By reducing production costs

• By focusing solely on exports

• Through strong partnerships and new projects

• By acquiring local companies

What challenge does China's goal for self-sufficiency in petrochemicals pose for SABIC?

• Higher import tariffs

• Stricter environmental regulations

• A decrease in demand for SABIC's products

• Increased competition from local producers

Which regions are part of SABIC's diversification strategy for potential acquisitions?

• The Middle East and India

• Africa and South America

• North America, China, and Europe

• Australia and Southeast Asia

Why is the US market crucial for SABIC's growth strategy?

• Due to favorable government policies

• Because of low labor costs

• Because of opportunities around gas and joint ventures

• Due to its large consumer base