October 26, 2016 9:17 PM 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


966 13 872 0115


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

OMV Petrol Reportedly Attracts Bids

OMV Petrol Ofisi AS has attracted bids from bidders. OMV Aktiengesellschaft (WBAG:OMV) has got initial bids from Vitol S.A. and Trafigura Group Pte. Ltd. for OMV Petrol, people with knowledge of the matter said. Opet Petrolculuk A.S., the State Oil Company of the Azerbaijan Republic and private equity firms are also among the companies that made offers, said the people, who asked not to be identified because the process isn’t public. BP p.l.c. (LSE:BP.) and Saudi Arabian Oil Company are also weighing bids, the people said. No final decision on bids has been made. The sale could fetch $1.2 billion, two of the people said. Bloomberg added that a spokesman for OMV said the process to sell Petrol Ofisi is under way, declining to comment further. Representatives for Opet, Socar, BP, Trafigura and Vitol declined to comment. Representatives for Aramco didn’t immediately respond to requests comment. OMV shares rose 0.9% to €26.49.

Saudi Aramco's $2 Trillion IPO Could Be List In London

Saudi Arabian Oil Company is planning to sell shares in its entire business before a $2 trillion stock exchange listing. Saudi Arabian Oil plans to list in Riyadh, with a dual listing on an Asian exchange. Chief Executive Officer, Amin Nasser said Saudi Aramco was also considering listings in London and New York as options. It plans to sell a stake in early 2018 of around 5%, which could value the company in the trillions of dollars.

Saudi Arabian Considers Dual Listing

Saudi Arabian Oil Company is considering several overseas exchanges including Tokyo, Hong Kong, New York and London for a dual listing shared with Riyadh. People close to the company said an Asian bourse is the most likely venue, reflecting how oil demand in the region is still growing fast, and has less stringent disclosure requirements. JPMorgan and former star Citigroup banker Michael Klein are advising on the IPO.

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