Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū s-Saʿūdiyyah), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company), is a Saudi Arabian public petroleum and natural gas company based in Dhahran.
As of 2020, it is the seventh largest company in the world by revenue. Saudi Aramco has both the world’s second-largest proven crude oil reserves, at more than 270 billion barrels (4.3×1010 m3), and largest daily oil production of all oil producing companies.
Saudi Aramco operates the world’s largest single hydrocarbon network, the Master Gas System. Its 2013 crude oil production total was 3.4 billion barrels (540,000,000 m3), and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar Field, the world’s largest onshore oil field, and the Safaniya Field, the world’s largest offshore oil field.
On 11 December 2019, the company’s shares commenced trading on the Tadawul stock exchange. The shares rose to 35.2 riyals, giving it a market capitalisation of about $1.88 trillion, and surpassed the $2 trillion mark on the second day of trading. In the 2020 Forbes Global 2000, Saudi Aramco was ranked as the 5th-largest public company in the world.
Saudi Aramco appointed Hasan Al-Zahrani as its executive director of power systems since December 2020.