Saudi Aramco Company Description
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.
View the Comprehensive Company Description for Saudi Aramco
The Company Description provides a historical perspective of Saudi Aramco's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Saudi Aramco's evolution in the marketplace.
