Aramco Energy and Petrochemicals

Saudi Aramco, officially the Saudi Arabian Oil Group, is a national oil and gas company based in Dhahran, Saudi Arabia. It is one of the largest companies in the world by revenue and is frequently cited as the most profitable company globally. The company produces a wide array of energy products, including crude oil, natural gas, and chemicals.

Originally founded through a concession agreement between the Saudi government and the Standard Oil Company of California (SoCal) in 1933, the brand evolved from the Arabian American Oil Company. Over several decades, the Saudi government gradually increased its stake until it took full ownership in 1980.

Today, Aramco remains primarily owned by the Saudi State, specifically through the Public Investment Fund (PIF). While the company debuted on the Saudi Stock Exchange (Tadawul) in 2019, the government retains terminal control, making it a cornerstone of the Kingdom's Vision 2030 economic diversification plan. Manufacturing and extraction occur mostly within Saudi Arabia, but the company operates a massive network of refineries and joint ventures across Asia, Europe, and North America.