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Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company), is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2022, it is the second-largest company in the world by revenue and is headquartered in Dhahran.Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels (43 ...
Mar 11, 2024 · About Aramco. Energy security for a more-sustainable world. We are one of the world's largest integrated energy and chemicals companies, creating value across the hydrocarbon chain, and delivering societal and economic benefits to people and communities around the globe who rely on the vital energy we supply.
Energy drives daily lives and fuels large scale economies. Aramco India is committed to enhancing the efficiency of India’s crude oil and liquified petroleum gas (LPG) supplies. We collaborate with local businesses and make new partnerships to build a world-class competitive supply chain in this region. Explore our services.
The birth of Arabian oil. Aramco traces its beginnings to 1933 when a Concession Agreement was signed between Saudi Arabia and the Standard Oil Company of California (SOCAL). A subsidiary company, the California Arabian Standard Oil Company (CASOC), was created to manage the agreement. The work began right away.
May 19, 2024 · Saudi Aramco is the world's largest oil producer and the world's most profitable company. The company began drilling for oil in 1938. It is primarily state-owned but raised $29.4 billion in a 2019 ...
Saudi Aramco is one of the world’s largest integrated oil and gas companies; its upstream operations manages Saudi Arabia's unique hydrocarbon reserve base, optimizing production and maximizing long-term value. It also operates a strategically integrated global downstream business. Headquartered in the city of Dhahran, the company operates ...
Jul 17, 2024 · Saudi Aramco, Oil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. Other U.S. companies joined after oil was found near Dhahran in 1938. In 1950 Aramco opened a pipeline from Saudi Arabia to the Mediterranean Sea port of Sidon, Lebanon.It was closed in 1983 except to supply a refinery in Jordan.
Mar 12, 2023 · DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The monster profit by the firm, known formally as the Saudi Arabian Oil Co., came off the back of energy prices ...
Nov 1, 2022 · Nov. 1, 2022. Saudi Aramco, the world’s largest oil company, said on Tuesday that it had earned $42.4 billion in net income in the third quarter. The figure was more than double the nearly $20 ...
Jul 8, 2020 · Saudi Aramco is the world’s most valuable company, the world’s most profitable company, and pumps more oil on a daily basis than any other producer in the world. The company first began its ...
