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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 the world's oil demand. In 2008 the company reported proved oil reserves of about 260 billion barrels; it also owns 263 trillion cu. ft. of natural gas reserves (the fourth largest in the world). It produces 8.5 million barrels a day, 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.
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| | | Contact Information | |
Address: |
P.O. Box 5000
Dhahran 31311, Saudi Arabia
| | Phone: | +966-3-872-0115 | | Fax: | +966-3-873-8190 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 233300.00 M | | Revenue Growth (1 yr): | 43.70% | | Employees (2008): | 54,441 | | Employee Growth (1 yr): | 4.50% |
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Key People
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Chairman; Minister of Petroleum and Mineral Resources:
Ali I. Al-Naimi
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President, CEO, and Director:
Khalid A. Al-Falih
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SVP Finance:
Abdullatif A. Al-Othman
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