Understanding The Operations And Global Reach Of The Saudi Arabian Oil Company Saudi Aramco

Estimated reading time: 3 minutes

Key Takeaways

• Saudi Aramco is the state-owned oil and gas company of Saudi Arabia
• It is headquartered in Dhahran and is one of the world’s most powerful and profitable companies
• The company operates globally with a presence in many countries
• Saudi Aramco is involved in all aspects of the oil and gas industry value chain
• The company plays a significant role in the Saudi economy and global energy markets

Table of Contents

• Introduction
• Operations
• Global Presence
• Economic Impact

Introduction

Saudi Aramco, the state-owned oil company of Saudi Arabia, is headquartered in Dhahran. It stands as one of the world’s most powerful and profitable companies. [Reuters.com/…]

Operations

Saudi Aramco is involved in all aspects of the oil and gas industry value chain, from exploration and production to refining and distribution. The company operates some of the largest oil fields in the world, including Ghawar, the largest conventional oil field. [Reuters.com/…] Saudi Aramco also operates natural gas fields and is investing in renewable energy projects.

Global Presence

Although headquartered in Saudi Arabia, Saudi Aramco has a global presence. The company operates in many countries around the world, including the United States, Japan, China, and India. It is involved in various joint ventures and partnerships with other oil companies. [Reuters.com/…] Saudi Aramco also supplies oil to many countries, making it a significant player in the global energy market.

Economic Impact

Saudi Aramco plays a significant role in the Saudi economy. Oil and gas account for about half of Saudi Arabia’s GDP and about 70% of government revenues. The company also employs around 65,000 people directly and many more indirectly through its operations. [Reuters.com/…] Beyond Saudi Arabia, Saudi Aramco affects global energy markets, with its production decisions influencing oil prices worldwide.

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