Aramco energy and chemicals

Aramco, officially known as the Saudi Arabian Oil Group, is a global powerhouse in the energy and chemicals sector. The company's history dates back to 1933 when a concession agreement was signed between Saudi Arabia and the Standard Oil Company of California. Over the decades, it evolved from an American-managed entity into a fully state-owned Saudi enterprise, representing the backbone of the Saudi Arabian economy.

Today, Aramco is one of the world's most profitable companies, maintaining a massive infrastructure for the extraction and refining of petroleum. While its primary operations are centered in the Kingdom of Saudi Arabia, its reach is truly global, with significant investments in refineries and chemical plants across North America, Europe, and Asia. In recent years, the company has expanded its portfolio significantly, acquiring Valvoline's global products business and increasing its stake in the petrochemical industry through the acquisition of SABIC.