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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-Markets may consolidate after brief Yemen shock
- Sun 1:40 am ET
MIDEAST STOCKS-Gulf falls after oil dips; investment deals lift Egypt
- Sun Mar 15
MIDEAST STOCKS-Mobily lifts Saudi Arabia, Egypt edges up
- Mon Mar 9
MIDEAST STOCKS-Gulf markets end well off lows after panic over Yemen
- Thu Mar 26
MIDEAST WEEKAHEAD-Dubai bourse outlook sluggish as profit growth slows
- Mon Mar 16
Saudi real estate shares tumble on decision to tax undeveloped land
- Tue Mar 24
MIDEAST STOCKS-Gulf mixed; Saudi's Mobily loses steam, Orascom up in Dubai listing
- Mon Mar 9
MIDEAST STOCKS-Saudi Arabia stalls as Mobily pulls back; banks weigh on Oman
- Tue Mar 10
Asian shares mixed as Yemen crisis hits sentiment
- Fri Mar 27
Greece, Yemen keeps European stocks jittery
- Fri Mar 27
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
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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