Saudi Arabian Oil Company
Explore Saudi Arabian Oil
Core profile pages, annual revenue records, and related research hubs for this company.
Saudi Arabian Oil Company
Explore Saudi Arabian Oil
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1933 in Dhahran, Saudi Arabia
Aramco began with the 1933 concession between Saudi Arabia and Standard Oil of California. Commercial oil was discovered at Dammam No. 7 in 1938, setting the foundation for the modern Saudi energy economy.
The concession linked Saudi Arabia's resource base with foreign exploration capital and expertise.
The company's early operations developed into CASOC and later Aramco.
Saudi Arabia granted Standard Oil of California the concession that started the company.
Commercial oil was discovered at Dammam No. 7.
The company adopted the Arabian American Oil Company name.
Saudi Arabia completed ownership of Aramco's assets.
Saudi Aramco listed shares on the Saudi Exchange.
Aramco reported $445.654 billion of revenue and other income related to sales.
Expanded Aramco's downstream and petrochemicals footprint.
Saudi Aramco is Saudi Arabia's state-linked integrated oil and gas company. It reported $445.654 billion of revenue and other income related to sales for FY2025.
Saudi Aramco reported $445.654 billion of revenue and other income related to sales for FY2025.
Yes. Saudi Aramco reported $93.389 billion of net income for FY2025.
Amin H. Nasser is the CEO of Saudi Aramco.