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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.
Kingdom to boost trade ties with Scotland
- Sun Sep 28
Funds to slow Saudi stock buying, bullish on UAE -survey
- Tue Sep 30
MIDEAST STOCKS-Recovery may continue, but global backdrop shaky
- Tue Oct 14
MIDEAST STOCKS-Markets may consolidate after big rebound; investors still cautious
- Mon Oct 20
Dubai flexes legal muscles as financial court system grows
- Mon Sep 29
Contact Information
Address: Saudi Aramco, PO Box 5000
Dhahran 31311, Saudi Arabia
Phone:+966-3-872-0115
Fax:+966-3-873-8190
Financial Highlights
Fiscal Year End:December
Revenue (2012):311000.00 M
Employees (2012):56,066
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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