About

Saudi Aramco, officially the Saudi Arabian Oil Company and also known as Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that serves as the national oil company of Saudi Arabia. Founded on May 29, 1933, as California-Arabian Standard Oil, it is headquartered in Dhahran. As of 2024, Saudi Aramco is the fourth-largest company globally by revenue, reporting US$480.446 billion. It holds the world's second-largest proven crude oil reserves, exceeding 270 billion barrels, and boasts the largest daily oil production among all oil-producing companies. Its core product portfolio includes petroleum and natural gas. While specific leadership and employee count are not detailed, its public, mostly state-owned structure underscores its significant market position in the global energy sector.