Company
Aramco
Official Name: Saudi Arabian Oil Company
Headquarters: Dhahran, Saudi Arabia
CEO: Mr. Amin H. Nasser
Market Cap
SR7.996 Trillion
SAR as of Jan. 1, 2024
US$2.132 Trillion
Company Description
Saudi Arabian Oil Company, or Saudi Aramco, is an integrated oil and gas firm operating globally. The company has two main segments: Upstream, dealing with exploration, development, production, and sales of crude oil and natural gas, and Downstream, focusing on the production of various chemicals, refining operations, and trading in refined petroleum and chemical products. It also provides services such as oil storage, consulting, and transportation.
Top Competitors by Market Capitalization
Industry: Oil & Gas Integrated
| Company | Market Cap (USD) |
|---|---|
| ExxonMobil | $412.55 B |
| Chevron | $287.56 B |
| Shell | $213.51 B |
| PetroChina | $182.61 B |
| TotalEnergies | $161.47 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| ExxonMobil | $412.55 B |
| Chevron | $287.56 B |
| Shell | $213.51 B |
| PetroChina | $182.61 B |
| TotalEnergies | $161.47 B |
Detailed Description
Saudi Arabian Oil Company operates as an integrated oil and gas company in the Kingdom of Saudi Arabia and internationally. The company operates through two segments, Upstream and Downstream. The Upstream segment explores, develops, produces, and sells crude oil, condensate, natural gas, and natural gas liquids (NGLs). As of December 31, 2021, its reserves included 253.6 billion barrels of oil equivalent, including 196.9 billion barrels of crude oil and condensate; 25.2 billion barrels of NGLs; and 194.5 trillion standard cubic feet of natural gas, as well as 530 reservoirs within 137 fields distributed throughout the Kingdom and its territorial waters. The Downstream segment produces various chemicals, including olefins, methanol, MTBE, aromatics, glycols, linear alpha olefins, polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride, polystyrene, polycarbonate, and engineering thermoplastics and their blends; and base oils, as well as in the refining and retail operations. It also supplies oil products; and trades in refined petroleum and liquid chemical products, and polymers. In addition, the company develops, manufactures, and markets high-performance rubber; and provides crude oil storage, investment, consulting, oil field, insurance, marketing and sales support, financing, and marine management and transportation services. Saudi Arabian Oil Company was founded in 1933 and is headquartered in Dhahran, the Kingdom of Saudi Arabia.
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Stocks & Indices
Saudi Arabian Oil Company has the following listings and related stock indices.
Stock: Tadawul: 2222 wb_incandescent
Product & Services
Crude oil exploration and production, Natural gas exploration and production, Chemical production, Oil refining operations, Retail operations, Refined petroleum and chemical product trading, High-performance rubber development, Crude oil storage services, Consulting services, Marine management and transportation services.