Headquarters in Dhahran, Eastern Province, Saudi Arabia
Trade name
Saudi Aramco
Native name
شركة الزيت العربية السعودية
Company type
Public (mostly state-owned)
Traded as
Tadawul: 2222
ISIN
SA14TG012N13
Industry
Oil and gas
Founded
29 May 1933; 90 years ago (29 May 1933) (as California-Arabian Standard Oil)
Founders
Lloyd N. Hamilton Abdullah Suleiman
Headquarters
Dhahran, Saudi Arabia[1]
Area served
Worldwide
Key people
Amin H. Nasser (President & CEO)
Yasir Al-Rumayyan (Chairman)
Products
Petroleum
Natural gas
Petrochemical derivatives
Revenue
US$535.188 billion (2022)[2]
Operating income
US$305.087 billion (2022)[2]
Net income
US$161.068 billion (2022)[2]
Total assets
US$664.780 billion (2022)[2]
Total equity
US$444.306 billion (2022)[2]
Owner
Government of Saudi Arabia (90.19%)[3][4] Public Investment Fund (4%) Sanabil (4%)[5]
Number of employees
70,496[2] (2022)
Subsidiaries
SABIC (70%), Petro Rabigh, SATORP, Aramco Trading, Yanbu, Yasref, SASREF, S-Oil, Luberef, Aro Drilling, South Rub al-Khali, Pengerang Refining Company, The International Maritime Industries
Website
aramco.com
Saudi Aramco (Arabic: أرامكو السعوديةʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company), is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.[6][7] As of 2022[update], it is the second-largest company in the world by revenue[8] and is headquartered in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels (43 billion cubic metres),[9] and largest daily oil production of all oil-producing companies.[10][11][12]
Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013, its crude oil production total was 3.4 billion barrels (540 million cubic metres), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Along the Eastern Province, Saudi Aramco most notably operates the Ghawar Field (the world's largest onshore oil field) and the Safaniya Field (the world's largest offshore oil field).[13]
On 11 December 2019, the company's shares commenced trading on the Tadawul stock exchange. The shares rose to 35.2 Saudi riyals, giving it a market capitalization of about US$1.88 trillion,[14] and surpassed the US$2 trillion mark on the second day of trading.[15] In the 2023 Forbes Global 2000, Saudi Aramco was ranked as the second-largest public company in the world.[1]
^ ab"Saudi Arabian Oil Company (Saudi Aramco)". Forbes. Retrieved 12 June 2023.
^"Saudi Aramco raises $37.48 billion in the world's biggest IPO". CNN Business. 25 September 2019.
^"ARAMCO Institutional Ownership - Saudi Arabian Oil Co". fintel.io.
^Saba, Yousef; El Dahan, Maha (7 August 2023). "Aramco boosts dividend as Q2 profit drops 38% to $30.1 bln". Reuters.
^"Our company. At a glance". Saudi Aramco. Archived from the original on 17 October 2018. Retrieved 3 August 2011. The Saudi Arabian Oil Co. (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia.
^Malsin, Jared; Said, Summer (16 April 2023). "Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund". The Wall Street Journal. ISSN 0099-9660. Retrieved 23 October 2023.
^"Global 500 2020". Fortune. Retrieved 16 December 2020.
^OPEC, Annual Statistical Bulletin 2016 Archived 21 August 2018 at the Wayback Machine
^"International - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 24 March 2020.
^Saudi Arabia - Overview (PDF) (Report). Energy Information Administration. 20 October 2017. Archived (PDF) from the original on 11 May 2019. Retrieved 16 September 2019.
^"How real is Saudi Arabia's interest in renewable energy?". the Guardian. 12 October 2019.
^Aramco Overseas Company - About Saudi Aramco Archived 18 October 2014 at the Wayback Machine, aramcooverseas.com. Retrieved 11 November 2014.
^"Saudi Aramco becomes most valuable listed company in history". The Guardian. 11 December 2019.
^Riley, Charles (12 December 2019). "The world has its first $2 trillion company. But for how long?". CNN. Retrieved 20 January 2020.
SaudiAramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company)...
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subsidiary in Saudi Arabia called the Arabian American Oil Company (ARAMCO), now owned by the Saudi government and known as SaudiAramco. Dhahran has been...
January 2016 that an IPO of SaudiAramco would take place. However, only 5% of the company will be made public. In March 2019, Aramco released its financial...
cyberwarfare specialist. In 2012, Kubecka was responsible for getting the SaudiAramco network back up and running after it was hit by one of the world's most...
was applied. On 11 December 2019, SaudiAramco's shares commenced trading on the Tadawul. The shares rose to 35.2 Saudi riyals, giving it a market capitalisation...
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an American company that operates as a wholly owned US subsidiary of SaudiAramco. Headquartered in Houston, Texas, it had revenue of $37 Billion. Motiva...
worth at $1.4 trillion.This figure includes the market capitalization of SaudiAramco, the state oil and gas company, and its vast assets in fossil fuel reserves...
Saudi Arabia's SaudiAramco and Qatar's RasGas. A group named "Cutting Sword of Justice" claimed responsibility for an attack on 30,000 SaudiAramco workstations...
cumulative oil production of Saudi Arabia as of 2018. Ghawar is entirely owned and operated by SaudiAramco, the state-run Saudi oil company. In April 2019...
security advisor to SaudiAramco after the attack and group leader of security for Aramco Overseas. It was an unnamed SaudiAramco employee on the Information...
included and noted as defunct. SaudiAramco in Dhahran Flynas Airbus A320-214 at Dubai International Airport Companies portal Saudi Arabia portal Lists portal...
romanized: Biqayq) is a SaudiAramco gated community and oil-processing facility located in the Eastern Province of Saudi Arabia, located in the desert...
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Global Information
US$535.188 billion (2022)[2]