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Saudi Aramco

Saudi Aramco
Company nameSaudi Arabian Oil Company
Company typeGovernment-owned corporation of the Kingdom of Saudi Arabia
IndustryCrude oil exploration, production, manufacture, marketing, shipping, and petrochemicals
HeadquartersDhahran, Saudi Arabia
Key peopleKhalid A. Al-Falih
President & CEO
Ali I. Al-Naimi
Minister of Petroleum
and Mineral Resources
ProductsPetroleum product
Revenue(+) US$ 403 Billion (2010)
Employees54,798 (As of Dec 31, 2010)

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Saudi Aramco (Arabic: ارامكو السعودية ), officially the Saudi Arabian Oil Company, is the state-owned national oil company of Saudi Arabia.

Saudi Aramco is likely the world's most valuable privately-held company, with estimates of its value in 2010 ranging from 2.2 trillion USD to 7 trillion USD.

Saudi Aramco has both the largest proven crude oil reserves, at more than 260 Goilbbl, and largest daily oil production. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. Its yearly production is 7.9 Goilbbl, and it managed over 100 oil and gas fields in Saudi Arabia, including 279 trillion scf of natural gas reserves.

Saudi Aramco owns the Ghawar Field, the world's largest oil field, and the Shaybah Field, one of the world's largest of its kind.

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