- Market cap: $1.63 trillion* (as of Oct. 1)
- Revenue (TTM): $461.3 billion*
- Gross profit (TTM): $219.5 billion*
- Five-year annualized return: -3.60%
- Year founded: 1933
*Converted from Saudi riyals.
Saudi Arabian Oil, also known as Saudi Aramco, is an energy and chemicals company. Owned by the Saudi Arabian government, it has the largest daily oil production and the second-largest proven crude oil reserves of all oil companies.
Since Saudi Aramco is largely dependent on oil prices, it can go through significant ups and downs. Heavy oil demand helped it claim the top spot in terms of market cap early in May of 2022, but when demand fell, it was surpassed again. This year, a decrease in crude oil prices and demand has negatively impacted Saudi Aramco's business, and the oil company has cut its dividend as a result.
To diversify its portfolio, Saudi Aramco invested $500 million in a liquified natural gas (LNG) company, MidOcean Energy, in September 2023. It also signed a joint development agreement with China's BYD Company, the world's largest electric vehicle (EV) manufacturer, in April 2025.
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