Saudi Aramco is considered to be one of the largest and most profitable companies in the world. The company is the largest oil company by revenue and is one of the largest employers in the Middle East.
In terms of oil reserves, Saudi Aramco has the largest proven oil reserves in the world, with over 260 billion barrels of oil. The company is also the world’s largest oil exporter, and its oil production accounts for about 8% of the world’s total daily oil production. Additionally, the company has a significant presence in the natural gas market and holds the second-largest natural gas reserves in the world.
The company is also involved in a wide range of activities including upstream, downstream, and chemical operations, and it has operations in over 70 countries worldwide. Additionally, the company has a strong focus on sustainability and is investing in the development of renewable energy sources such as solar power.
In terms of financials, in 2020, the company’s revenue was over $164 billion, and its net income was over $49 billion. In 2019, The company also made its debut in the stock market in a highly-anticipated initial public offering (IPO) on the Saudi Stock Exchange (Tadawul), and it was valued at over $1.7 trillion, making it one of the most valuable companies in the world.
Overall, Saudi Aramco is a massive company in terms of both its size, operations, and financials.
