Dow considers exit from $20B Sadara JV with Saudi Aramco

A Dow exit from Sadara would mark a significant recalibration of a flagship US-Saudi petrochemical partnership, signaling a strategic retreat from capital-heavy ventures during a sustained downturn. The potential divestment affects both firms' balance sheets and operational footprints, but the broader signal is about how Western majors are reassessing Gulf mega-projects. What matters next is whether Aramco can absorb or reposition the asset alone, and whether this triggers a wider rethink of similar JV structures across the sector.