Saudi Aramco

Saudi Aramco, formally known as the Saudi Arabian Oil Group (previously Arabian-American Oil business), or simply Aramco, is a publicly traded Saudi Arabian oil and gas business with its headquarters in Dhahran. It ranks among the top businesses in the world by revenue as of 2022 and consistently posts the highest annual profits in the annals of global business. With more than 270 billion barrels (43 billion cubic meters) of proven reserves, Saudi Aramco has the second-largest crude oil output per day among all oil-producing firms. Since 1965, no other business has contributed more to the world's carbon emissions than it.

The Master Gas System, operated by Saudi Aramco, is the world's biggest single hydrocarbon network. It handles over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves, and its crude oil output totaled 3.4 billion barrels (540 million cubic meters) in 2013. Saudi Aramco runs the Ghawar Field (the world's largest onshore oil field) and the Safaniya Field (the world's largest offshore oil field) in the Eastern Province.

The company's shares started trading on the Tadawul stock market on December 18, 2019. The market capitalization of the shares increased to 35.2 Saudi riyals, or approximately US$1.88 trillion, on the second trading day, surpassing the US$2 trillion threshold. Saudi Aramco was ranked as the third-largest public company in the globe in the 2022 Forbes Global 2000. Saudi Aramco has a market capitalization of $1.923 trillion as of April 2023. This places Saudi Aramco at the top of our ranking of the world's largest companies by market capitalization.

Founded: 1933

Headquarter: Dhahran, Saudi Arabia

Website: https://aramco.com