Saudi Aramco Closed Now

Saudi Arabian Oil Company—better known as Saudi Aramco—originated from the discovery of oil in Saudi Arabia by the Rockefeller-backed Standard Oil in 1933 and was formally established in 1988, though operations trace back decades earlier Value Today+3Wikipedia+3Reuters+3. Based in Dhahran, Aramco is the world’s largest integrated oil and gas company, managing extensive upstream operations (exploration and production of crude oil, natural gas, and condensates) and downstream activities (refining, chemicals, distribution, and power generation) across multiple continents Value Today+2MarketScreener+2Value Today+2.

In 2024, the company reported total revenue of approximately USD 480 billion, with net income of USD 106.25 billion, down about 12% from the previous year amid lower energy prices Ceylon Mirror+4BreakingNews.ie+4AP News+4. Aramco also declared total dividends of USD 85.4 billion for payment in 2025, demonstrating a consistent focus on shareholder returns Value Today+12aramco.com+12arabnews.jp+12.

Saudi Aramco holds over 70,000 employees (estimates range 75,000 in 2024) and maintains energy infrastructure and operations spanning Asia, Europe, and the Americas. The firm oversees massive oil reserves, including the Ghawar Field (the world’s largest conventional oil field), and it plans to increase natural gas output by 60% by 2030 Wikipedia+2Wikipedia+2Reuters+2.

Aramco is expanding downstream capacity globally through investments in refining and petrochemicals, with major joint ventures in South Korea, China, and the U.S., including stakes in SABIC and MidOcean Energy and ownership of the Port Arthur refinery in Texas Reuters. It is also investing in clean energy, AI efficiencies, and emerging energy‑transition minerals such as lithium, aligning with Saudi Vision 2030 diversification plans arabnews.com.

Operating under a structure in which the Saudi government owns over 80% and the Public Investment Fund holds another ~12%, Aramco plays a pivotal role in the Kingdom’s economic strategy and global energy markets zawya.com+1Reuters+1.