Saudi Arabian Oil Company (Saudi Aramco)

A state-owned oil company that is dedicated to oil and gas production.


The Saudi Arabian Oil Company (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia. It ranks first among oil companies worldwide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and is among the leading producers of natural gas. It is also known as refiners and are moving further downstream into chemicals production.

The company was founded in 1930 and is headquartered in Dhahran, Saudi Arabia.


Since around 2018, Saudi Arabia had been considering to put a portion of Saudi Aramco’s ownership, up to 5%, onto public trading via a staged initial public offering (IPO), as to reduce the cost to the government of running the company. While the IPO had been vetted by major banks, the IPO was delayed over concerns of Aramco’s corporate structure through 2018 into 2019.[58] The September 2019 drone attacks on Aramco’s facilities also delayed the onset of the IPO.

Aramco announced on Sunday 3 November 2019 its plan to list 1.5% of its value as an IPO on the Tadawul stock exchange.

On November 9, 2019, Saudi Aramco released a 600-page prospectus giving details of the IPO. According to the specifications provided, up to 0.5 per cent of the shares were locked for individual retail investors.

On 4 December 2019, Saudi Aramco priced its offering at 32 Saudi riyal (approximately $8.53) per share. The company generated subscriptions of total amount equals $119 billion representing 456% of total offer shares. It raised $25.6 billion in its IPO, making it the world’s largest IPO to date, succeeding that of the Alibaba Group in 2014. The company commenced trading on Tadawul on 11 December 2019, with shares rising 10% to 35.2 riyals, giving the company a market capitalisation of about $1.88 trillion, and making Saudi Aramco the world’s largest listed company.


Vision Statement:
In 2020, Saudi Aramco is the world s leading integrated energy and chemicals company, focused on maximizing income, facilitating the sustainable and diversified expansion of the Kingdom s economy, and enabling a globally competitive and vibrant Saudi energy sector.


Mission Statement:
Today, we continue to deliver on our core mission of reliably supplying energy to the Kingdom and the world, and continue to progress towards becoming the world’s leading integrated energy and chemicals enterprise, a top refiner and a creator of energy technologies.






https://www.forbes.com/companies/saudi-arabian-oil-company-saudi-aramco/#3d705ef121ac ht