Saudi Aramco is the world's largest state-owned oil company.
Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia, and the world's largest producer of oil and chemicals.
Over the past 80 years, the company has become a world leader in hydrocarbons exploration, production, refining, distribution and marketing.
In 1988, the company was incorporated by a royal decree, establishing a new company to take over the responsibilities of an oil concession initially signed in 1933 between the Saudi government and Standard Oil Company of California (Socal).
In 1935, the company had drilled the first test well at Dhahran into the Dammam Dome. A year later, Texas Co. (now Chevron Corporation) acquired a 50% interest in Socal's concession.
In 1948, Standard Oil of New Jersey and Socony-Vacuum (both now ExxonMobil) joined Socal and Texaco (now Chevron Corporation) as owners of Aramco. Subsequently, the Saudi government took a full control of the company, thereby making it the world's largest state-owned oil company.
Saudi Aramco owns the world's largest oil and gas infrastructure, and now produces around 10.5 million barrels per day (bpd).
|Ownership Type:||Joint Stock|
|Phone||+966 13 872 0115|
|Fax||+966 13 873 8190|
|Address||Bldg no. 3302 – Northern Complex 3 – Dahran 31311 – KSA|
Financials Highlights (M )
|Stock Market :||TASI|
|Fiscal Year End :||December|
|Free Float (M) :||3,524.62|
|Free Float % :||1.76|
|Weight in Index % :||7.44|
|3M Average Volume :||4,908,971.49|
|3M Average Transactions :||5,517.34|
|Name||Number of Shares (M)||Holding|
|Saudi Government||196,360.00||98.18 %|
|Market Cap (M)|
|Shares Outstanding (M)|
|Book Value (Riyal)|
Subsidiaries & Associates
|SADCO||Saudi Arabia||100.00 %|
|SAUTC||Saudi Arabia||100.00 %|
|CHEMCO||Saudi Arabia||100.00 %|
|SACCL||United Kingdom||100.00 %|
|SAPCO||Saudi Arabia||100.00 %|
|SAT||Saudi Arabia||100.00 %|
|WGIC||Saudi Arabia||100.00 %|
|SAIMCO||Saudi Arabia||100.00 %|
|Vela International Marine Limited||Liberia Rep.||100.00 %|
|Saudi Aramco Retail||Saudi Arabia||100.00 %|
|SAJREF||Saudi Arabia||100.00 %|
|Saudi Aramco Asia||Saudi Arabia||100.00 %|
|Excellent Performance Chemicals||Saudi Arabia||100.00 %|
|Wa'ed||Saudi Arabia||100.00 %|
|SAEV||Saudi Arabia||100.00 %|
|AGOC||Saudi Arabia||100.00 %|
|Aramco Trading||Saudi Arabia||100.00 %|
|SABIC||Saudi Arabia||70.00 %|
|Luberef||Saudi Arabia||70.00 %|
|Satorp||Saudi Arabia||62.50 %|
|Yasref||Saudi Arabia||62.50 %|
|Novell||Saudi Arabia||50.00 %|
|SAMREF||Saudi Arabia||50.00 %|
|Petro Rabigh||Saudi Arabia||37.50 %|
|SAUDI ELECTRICITY||6.92 %|