Saudi Arabian Oil Co. · Dhahran Saudi Arabia
Company Description
View Saudi Arabian Oil Co. Locations On A US Map
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This link will open in a new window State-owned Saudi Arabian Oil Co. (Saudi Aramco) is the king of oil. It is the world's #1 oil producer, supplying more than 10% of the world's oil demand. In 2008 the company reported proved oil reserves of about 260 billion barrels; it also owns 263 trillion cu. ft. of natural gas reserves (the fourth largest in the world). It produces 8.5 million barrels a day, operates refineries, markets oil internationally, and distributes it domestically. Saudi Aramco owns a fleet of oil tankers and invests in refineries, marketing, and distribution ventures in other countries, including China, Japan, South Korea, and the US. To read the full description, subscribe now.
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Key Saudi Arabian Oil Co. Financials
| Company Type | Government-owned Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $233,300.0 |
| 2008 Employees | 54,441 |
Saudi Arabian Oil Co. Executives
21 executives listed for Saudi Arabian Oil Co.'s Dhahran, location.
| Title | Name & Bio | Contact |
| Chairman; Minister of Petroleum and Mineral Resources | Ali Al-Naimi | Network |
| President, CEO, and Director | Khalid Al-Falih | Network |
| SVP Finance | Abdullatif Al-Othman | Network |
Competition
Competitive Landscape for Saudi Arabian Oil Co.
Demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The industry is capital-intensive: average annual revenue per worker is about $320,000. To read the full description, subscribe now.Top Saudi Arabian Oil Co. Competitors
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