Saudi Aramco
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū 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. As of 2022, it is the second-largest company in the world by revenue 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), and largest daily oil production of all oil-producing companies.
| Saudi Aramco | |
Native name | شركة الزيت العربية السعودية |
| Company type | Public (mostly state-owned) |
| Tadawul: 2222 | |
| ISIN | SA14TG012N13 |
| Industry | Oil and gas |
| Founded | 29 May 1933 |
| Headquarters | Dhahran, Saudi Arabia |
Area served | Worldwide |
Key people |
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| Products | |
| Revenue | US$535.188 billion (2022) |
| US$305.087 billion (2022) | |
| US$161.068 billion (2022) | |
| Total assets | US$664.780 billion (2022) |
| Total equity | US$444.306 billion (2022) |
| Owner | Government of Saudi Arabia (90.19%) Public Investment Fund (4%) Sanabil (4%) |
Number of employees | 70,496 (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 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).
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, and surpassed the US$2 trillion mark on the second day of trading. In the 2023 Forbes Global 2000, Saudi Aramco was ranked as the second-largest public company in the world.