1. History and Founding
Saudi Aramco, originally known as the Arabian American Oil Company,
was founded in 1933 as a partnership between Saudi Arabia and Standard
Oil of California (now Chevron). It became fully Saudi-owned in 1980
and transformed into the Saudi Arabian Oil Company (Aramco).
Today, it is the largest oil-producing company globally and one of the
most valuable publicly traded companies since its IPO in 2019.
2. Sector and Industry
Saudi Aramco operates in the energy sector, specifically in:
- Oil and Gas Production
- Refining and Petrochemicals
- Exploration and Production (Upstream)
- Refining, Marketing, and Distribution (Downstream)
3. Revenue Streams – How Saudi Aramco Makes Money
- Crude Oil Production and Exports
- Refining and Petrochemicals
- Natural Gas and Associated Products
4. Competitive Advantage & Strengths
- World’s Largest Proven Crude Oil Reserves
- Vertically Integrated Business Model
- Strategic Geographical Location
- Government Backing and Strong Financials
5. Risks & Challenges
- Oil Price Volatility
- Geopolitical Risks in the Middle East
- Transition to Renewable Energy
6. Growth Opportunities
- Expansion in Petrochemicals
- Investments in Renewable Energy
- International Partnerships
7. Conclusion
Saudi Aramco remains the backbone of Saudi Arabia’s economy, playing a
vital role in the global energy market. Its vast reserves and
integrated operations make it a leader in the oil and gas sector, but
the transition to cleaner energy sources remains a challenge.
