Back أرامكو السعودية Arabic ارامكو السعوديه ARZ Saudi Aramco AST Saudi Aramco Azerbaijani سعودی آرامکو AZB Сауди Арамко Bulgarian সৌদি এরামকো Bengali/Bangla Saudi Aramco Catalan Saudi Aramco Czech Saudi Aramco Danish

Saudi Aramco

Saudi Arabian Oil Company
Saudi Aramco
Native name
شركة الزيت العربية السعودية
Company typePublic (mostly state-owned)
Tadawul: 2222
ISINSA14TG012N13 Edit this on Wikidata
IndustryOil and gas
Founded29 May 1933 (29 May 1933) (as California-Arabian Standard Oil)
FounderStandard Oil of California
HeadquartersDhahran, Saudi Arabia[1]
Area served
Worldwide
Key people
Products
RevenueDecrease US$495.033 billion (2023)[2]
Decrease US$231.544 billion (2023)[2]
Decrease US$121.271 billion (2023)[2]
Total assetsDecrease US$660.784 billion (2023)[2]
Total equityIncrease US$463.225 billion (2023)[2]
OwnerGovernment of Saudi Arabia (90.19%)[3][4]
Public Investment Fund (4%)
Sanabil (4%)[5]
Number of employees
73,311[2] (2023)
SubsidiariesSABIC (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
Websitearamco.com

Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.[6][7] As of 2024, it is the fourth-largest company in the world by revenue[8] and is headquartered in Dhahran. 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] It is the single greatest contributor to global carbon emissions of any company in the world since 1965.[13]

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).[14]

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,[15] and surpassed the US$2 trillion mark on the second day of trading.[16]

  1. ^ "Saudi Arabian Oil Company (Saudi Aramco)". Forbes. Archived from the original on 6 August 2020. Retrieved 12 June 2023.
  2. ^ a b c d e f "Saudi Aramco Annual Report 2023" (PDF). Archived (PDF) from the original on 27 August 2024. Retrieved 14 October 2024.
  3. ^ "Saudi Aramco raises $37.48 billion in the world's biggest IPO". CNN Business. 25 September 2019. Archived from the original on 9 December 2019. Retrieved 6 December 2019.
  4. ^ "ARAMCO Institutional Ownership - Saudi Arabian Oil Co". fintel.io. Archived from the original on 8 April 2023. Retrieved 12 April 2021.
  5. ^ Saba, Yousef; El Dahan, Maha (7 August 2023). "Aramco boosts dividend as Q2 profit drops 38% to $30.1 bln". Reuters. Archived from the original on 2 October 2023. Retrieved 16 January 2024.
  6. ^ "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.
  7. ^ 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. Archived from the original on 27 April 2023. Retrieved 23 October 2023.
  8. ^ "Global 500 2020". Fortune. Archived from the original on 10 July 2016. Retrieved 16 December 2020.
  9. ^ OPEC, Annual Statistical Bulletin 2016 Archived 21 August 2018 at the Wayback Machine
  10. ^ "International - U.S. Energy Information Administration (EIA)". www.eia.gov. Archived from the original on 23 May 2011. Retrieved 24 March 2020.
  11. ^ Saudi Arabia - Overview (PDF) (Report). Energy Information Administration. 20 October 2017. Archived (PDF) from the original on 11 May 2019. Retrieved 16 September 2019.
  12. ^ "How real is Saudi Arabia's interest in renewable energy?". the Guardian. 12 October 2019. Archived from the original on 9 October 2021. Retrieved 9 October 2021.
  13. ^ "How real is Saudi Arabia's interest in renewable energy?". the Guardian. 12 October 2019.
  14. ^ Aramco Overseas Company - About Saudi Aramco Archived 18 October 2014 at the Wayback Machine, aramcooverseas.com. Retrieved 11 November 2014.
  15. ^ "Saudi Aramco becomes most valuable listed company in history". The Guardian. 11 December 2019. Archived from the original on 13 October 2023. Retrieved 21 April 2021.
  16. ^ Riley, Charles (12 December 2019). "The world has its first $2 trillion company. But for how long?". CNN. Archived from the original on 13 December 2019. Retrieved 20 January 2020.

Developed by StudentB