Dow Eyes Review of $20 Billion Venture with Saudi Aramco

Dow Inc., a chemicals company, is reviewing its options for its stake in a roughly $20 billion venture with Saudi Aramco. This move is part of a broader portfolio refresh during a prolonged chemicals downturn.

The company's Q2 2026 update showed stronger sales, higher EBITDA, and improved earnings per share, which sit alongside cost and asset actions as management reshapes Dow's operating mix.

The review of its stake in the Saudi Aramco venture reinforces a shift toward higher cash generation and a simpler asset base rather than changing it. The more immediate swing factor remains margins versus feedstock and energy costs.