Saudi Aramcoofficially Known As The Saudi Arabian Oil Companyis The Largest Integrated Energy And Chemicals Company In The Worldbased In Dhahransaudi Arabiafounded In 1933It Became Fully Owned By The Saudi Government By 1988The Company Has The Second Largest Proven Crude Oil Reservesexceeding 270 Billion Barrelsand Leads Global Production With An Average Of 12 7 Million Barrels Of Oil Equivalent Per Day In 2024 Saudi Aramco Operates Over 100 Oil And Gas Fieldsincluding The Ghawar Field And The Safaniya Fieldits Operations Encompass Upstream Activities Like Exploration And Productionas Well As Downstream Services Such As Refining And Petrochemicalsthe Company Also Manages The Master Gas Systemthe Largest Hydrocarbon Network Globallyand Produces Various Chemicals Through Subsidiariessaudi Aramco Is Recognized For Its Strong Financial Position And Commitment To Sustainability Initiativesincluding Carbon Capture And Blue Hydrogen Projects
