Saudi Aramco

Saudi Aramco, or Aramco for short, is the national oil and natural gas company of Saudi Arabia, headquartered in the city of Dhahran. As of 2021, it is the second most valuable company in the world after Apple with Saudi Aramco's market value estimated at $2 trillion. Saudi Aramco is also one of the largest companies by revenue in the world. With more than 260 billion barrels of known crude oil reserves, it also boasts the second-largest daily oil output in the world.

In spite of being headquartered in Dhahran, Saudi Aramco has activities all over the world, including distribution, marketing, petrochemical production, refining, and exploration. All of these activities of the company are operated under the direct supervision of the Ministry of Oil and Mineral Resources together with the Supreme Council for Oil and Minerals.

Saudi Aramco also charters several tankers to transport crude oil and refined gas to different countries around the world. They created a subsidiary, Vela International Marine, to manage the transportation of this fuel to Europe, North America, and Asia. Up to now, Saudi Aramco is one of the major shareholders of the King Salman Global Marine Industry Complex which is expected to become the world's largest shipyard upon completion.

Founded: 1933

Headquarters: Dhahran, Saudi Arabia

Website: https://www.aramco.com/