Saudi Aramco
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Saudi Aramco is a massive oil and gas company owned by the Saudi Arabian government that produces and sells petroleum products around the world. It matters because Saudi Arabia is one of the world's largest oil producers, making Saudi Aramco a major player in global energy markets and a crucial source of revenue for the country.
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Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company, it is the national oil company of Saudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's largest proven crude oil reserves, at more than 270 billion barrels (43 billion cubic metres), and largest daily oil production of all oil-producing companies.
Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2024, its oil production total was 12.7 million barrels of oil equivalent per day, and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Along the Eastern Province, Saudi Aramco most notably operates the Ghawar Field (the world's largest onshore oil field) and the Safaniya Field (the world's largest offshore oil field).
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1933 establishments in Saudi Arabia2019 initial public offeringsCompanies in the MSCI Tadawul 30 IndexCompanies listed on TadawulDhahranEconomic history of Saudi ArabiaEnergy companies established in 1933Energy companies established in 1988Government-owned companies of Saudi ArabiaMultinational companies headquartered in Saudi ArabiaNational oil and gas companies