Saudi Aramco is the king of oil. It is the world's #1 oil producer, supplying more than 10% of global oil, and financing the Saudi state with its proceeds. Owned by the Kingdom, it has proved oil reserves of more than 260 billion barrels (the world's largest); it also owns about 300 trillion cu. ft. of natural gas reserves (the fourth largest in the world). From exploration, production, and gas processing to refining, distribution, trading, and marketing— Saudi Aramco is present across the entire value chain. Several international subsidiaries or joint ventures extend its influence globally. Major refineries include Motiva (USA), S-OIL (South Korea), Showa Shell (Japan) and FREP (China). Its markets are concentrated in Asia, Northwest Europe, the Mediterranean, and the US. Though doubtful, an IPO for 5% share of the company is expected in 2019.
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Abdallah I. Al SaadanSVP, Finance, Strategy, and Development
Khalid A. Al-FalihChairman
Amin H. NasserPresident and CEO