May 28, 2017 11:27 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Saudi Arabian Oil Company

Company Overview

Saudi Arabian Oil Company is an integrated energy and chemicals company in Saudi Arabia. The company is engaged in the exploration, production, refining, distribution, shipping, and marketing of hydrocarbons; production of petrochemical products; and production and export of crude oil and natural gas liquids. Saudi Arabian Oil Company was formerly known as Arabian American Oil Company and changed its name to Saudi Arabian Oil Company in November 1988. The company was founded in 1933 and is based in Dhahran, Saudi Arabia. It has subsidiaries and affiliates in Saudi Arabia, China, Egypt, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Kingdom, and the United States.

North Park 3

Building 3302

P.O. Box 5000

Dhahran,  31311

Saudi Arabia

Founded in 1933

Phone:

966 13 872 0115

Fax:

966 13 873 8190

Key Executives for Saudi Arabian Oil Company

Chief Executive Officer, President and Director
Senior Vice President of Finance, Strategy and Development
Senior Vice President of Operations & Business Services
Chief Executive Officer of Trading Unit
Age: 56
Chief Executive of Trading Arm
Compensation as of Fiscal Year 2016.

Saudi Arabian Oil Company Key Developments

Saudi Aramco May Acquire Gulf Coast Refinery

Saudi Arabian Oil Company (Saudi Aramco) is seeking acquisitions. Saudi Aramco has looked at acquiring at least one additional Gulf Coast refinery and visited chemical plants up for sale. "We are investing in long-term job creation and the future of the refining industry in the United States, and we are delivering on Vision 2030 to expand the U.S.-Saudi partnership," Saudi Aramco President and Chief Executive Amin Al Nasser said on May 20, 2017, according to the statement.

Saudi Aramco and Jacobs Create Joint Venture for Social Infrastructure Program Management Throughout Saudi Arabia and Across Region

Saudi Aramco entered into an agreement with Jacobs to form a Saudi Arabia-based joint venture company to provide professional program and construction management (PMCM) services for social infrastructure projects throughout the Kingdom and across the Middle East and North Africa. Jacobs’ presence in Saudi Arabia spans more than 40 years. The new company’s services will include a full-spectrum of professional PMCM activities, with expertise in supporting all phases of the project lifecycle for social infrastructure projects. The company will advance training and help create quality jobs for Saudi nationals through the development of a sustainable and competitive program.

Aramco Inks Deal with North Industries Corp. and Panjin Xincheng Industrial Group

Aramco has signed a joint development agreement with North Industries Corp. (Norinco) and Panjin Xincheng Industrial Group to build a refining and petrochemical complex in northeast China's Liaoning province.

Similar Private Companies By Industry

Company Name Region
Bakri International Energy Company Limited Middle East/Africa
Peninsular Aviation Services Company Middle East/Africa
PetroSaudi International Ltd. Middle East/Africa
Saudi Arabian Oil Company Middle East/Africa
Saudi Makamin Oil & Gas Services Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 28, 2017
Petroliam Nasional Berhad, Refinery & Petrochemical Integrated Development Project
 

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