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Author Topic: Top 10 Oil & Gas Companies: Number 1 - Saudi Aramco  (Read 1692 times)

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Top 10 Oil & Gas Companies: Number 1 - Saudi Aramco
« on: May 13, 2013, 09:14:10 PM »
Saudi Arabia’s national oil and gas company is widely viewed as the most valuable company in the world with an estimated value of $10 trillion and generates over $1bn every day in revenues.

The company was initially founded in 1933 by Standard Oil of California (SoCal) as California-Arabian Standard Oil Co.

Over the years the Saudi government gained an increasingly shareholding share until 1988 when it took full control of the company and rebranded from to Aramco (Arabian American Oil Company) to Saudi Aramco (Saudi Arabian Oil Company). Since then the company has gone from strength to strength.

Saudi Aramco has an impressive number of firsts including the world’s largest crude oil reserves, the largest daily production of oil, the world’s largest hydrocarbon network, and ownership of the Ghawar field, the world’s largest oil field.

In addition to domestic refineries, Saudi Aramco also has interest in international refineries in Korea, Japan, the US and China.

Barrels Per Day                12.5 million
Founded                           1933
Headquarters                   Dhahran, Saudi Arabia
State Owned?                  Yes
CEO                                  Khalid A. Al-Falih, (President & CEO)
Revenue                           US$ 356 billion
Employees                        56,066 (2011)
Website                            http://www.saudiaramco.com/

DID YOU KNOW?
Saudi Aramco is the only private organization the FAA allows to own and operate its own airports


Adewale Odubiyi
Owner, Nigeria Oil & Gas Forum

Nigeria Oil & Gas Forum

Top 10 Oil & Gas Companies: Number 1 - Saudi Aramco
« on: May 13, 2013, 09:14:10 PM »

 

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