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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-Petrochemicals drag down Saudi market as oil slides
- Tue Jan 13
Venezuela's president and Saudi Arabian crown prince meet in Riyadh and talk oil prices
- Sun Jan 11
MIDEAST STOCKS-Oil, Q4 earnings create weak backdrop for Gulf markets
- Tue Jan 20
MIDEAST STOCKS-Stronger oil may boost Gulf; rate cut could lift Egypt
- Sun Jan 18
MIDEAST STOCKS-Gulf markets edge up as oil link weakens; Egypt surges
- Tue Jan 13
Saudi Ma'aden swings to Q4 net profit, misses estimates
- Tue Jan 20
MIDEAST STOCKS-Cheap oil lifts Egypt to 6-1/2-year high; Gulf weak
- Wed Jan 21
MIDEAST STOCKS-Oil may keep Gulf weak despite strong Saudi bank earnings
- Tue Jan 13
MIDEAST STOCKS-Disappointing earnings may dampen Gulf; Egypt to test chart barrier
- Wed Jan 21
MIDEAST STOCKS-Mixed earnings, weak oil may dampen Gulf markets
- Wed Jan 14
Contact Information
Address: Saudi Aramco, PO Box 5000
Dhahran 31311, Saudi Arabia
Financial Highlights
Fiscal Year End:December
Key People
President, Chief Executive Officer: 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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