Saudi Aramco
| Saudi Aramco | |
Native name | Saudi Arabian Oil Company |
| Company type | Public (mostly state-owned) |
| Tadawul: 2222 | |
| ISIN | SA14TG012N13 |
| Industry | Oil and gas |
| Founded | 29 May 1933 (as California-Arabian Standard Oil) |
| Headquarters | Dhahran, Saudi Arabia |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue | US$480.446 billion (2024) |
| US$206.567 billion (2024) | |
| US$106.246 billion (2024) | |
| Total assets | US$646.301 billion (2024) |
| Total equity | US$440.361 billion (2024) |
| Owner | Government of Saudi Arabia (90.19%) Public Investment Fund (4%) Sanabil (4%) |
Number of employees | 75,000+ (2024) |
| 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 (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah) or Aramco (formerly Arabian-American Oil Company), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. 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 operates the world's largest single hydrocarbon network, the Master Gas System. In 2024, its oil production total was 12.7 million barrels of oil equivalent per day, 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 Saudi 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.