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Industry Center - Oil & Gas Drilling & Exploration
Industry Center > Oil & Gas Drilling & Exploration > Saudi Arabian Oil Co. Company Profile
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Saudi Arabian Oil Co. Company Profile
State-owned Saudi Arabian Oil Co. (Saudi Aramco) is the king of oil. It is the world's #1 oil producer, supplying more than 10% of global oil demand. In 2012 the company had proved oil reserves of 260.2 billion barrels (the world's largest); it also owned 284.8 trillion cu. ft. of natural gas reserves (the fourth largest in the world). It operates refineries, markets oil internationally, and distributes it domestically. Saudi Aramco owns a fleet of oil tankers and invests in refineries, marketing, and distribution ventures in other countries, including China, Japan, South Korea, and the US. The company exports 55% of its crude oil to the Far East.
Headlines for Saudi Arabian Oil Co.
MIDEAST STOCKS-Gulf markets rise after oil's rally
- Sun Feb 8
PCCI, Saudi Arabia seek trade deals other than oil, labor
- Sun Feb 22
Funds increasingly bullish on Saudi Arabian equities - survey
- Thu Feb 26
MIDEAST STOCKS-Petrochemicals boost Saudi Arabia
- Sun Feb 8
Saudi builder Khodari gets $170 mln contract from Ma'aden unit
- Thu Feb 12
MIDEAST STOCKS-Gulf markets fall as oil tumbles again
- Thu Feb 19
MIDEAST STOCKS-Gulf markets hold breath ahead of U.S. Fed report
- Tue Feb 24
MIDEAST STOCKS-Most Gulf markets fall as oil retreats
- Wed Feb 11
Saudi consumers ranked fifth in ‘Emerging Consumer Scorecard’
- Wed Feb 4
MIDEAST STOCKS-Gulf markets consolidate; Egypt extends loss
- Tue Feb 17
Contact Information
Address: Saudi Aramco, PO Box 5000
Dhahran 31311, Saudi Arabia
Financial Highlights
Fiscal Year End:December
Key People
President and CEO: Khalid A. Al-Falih
SVP Finance: Mohammad A. Al-Ali
Industry Information
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Top Competitors
Exxon Mobil Corporation (xom)
National Iranian Oil Company
Petróleos de Venezuela S.A.

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