Saudi Aramco

Saudi Aramco, often known as the Saudi Arabian Oil Group or just Aramco, is a publicly traded Saudi Arabian oil and gas business with its headquarters in Dhahran. It ranks among the top firms 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 known reserves, Saudi Aramco has the second-largest crude oil production per day among all oil-producing enterprises.

The Master Gas System, the largest hydrocarbon network in the world, is run by Saudi Aramco. It administers more than 100 oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. In 2013, the total amount of crude oil produced was 3.4 billion barrels (540 million cubic meters). The Ghawar Field, the largest onshore oil field in the world, and the Safaniya Field, the largest offshore oil field, are two of Saudi Aramco's most notable operations along the Eastern Province.

The company's shares started trading on the Tadawul stock exchange on December 11, 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 placed as the third-largest public business in the world in the 2022 Forbes Global 2000.

Founded: 29 May 1933
Headquarters: Dhahran, Saudi Arabia
Website: https://www.aramco.com/