Saudi Arabian Oil Company
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Founders
King Abdulaziz Al Saud, Standard Oil of California · Founded 1933 · Dhahran, Saudi Arabia
Quick Answer
Saudi Arabian Oil was founded by King Abdulaziz Al Saud, Standard Oil of California in 1933 in Dhahran, Saudi Arabia. The company is currently led by Amin H. Nasser.
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.
King Abdulaziz granted the original oil concession that enabled the company that became Aramco.
The concession linked Saudi Arabia's resource base with foreign exploration capital and expertise.
Standard Oil of California received the original 1933 concession and provided early exploration expertise.
The company's early operations developed into CASOC and later Aramco.
Amin H. Nasser
President and Chief Executive Officer
Leads Aramco through public-market reporting, gas expansion, and long-term upstream and downstream strategy.
Yasir Al-Rumayyan
Chairman
Represents the board and links Aramco governance to Saudi Arabia's wider investment priorities.