September 23, 2017 9:01 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: 57
Chief Executive of Trading Arm
Compensation as of Fiscal Year 2017.

Saudi Arabian Oil Company Key Developments

Saudi Aramco's IPO Reportedly To Get Delayed

The Initial Public Offering (IPO) of Saudi Arabian Oil Company (Saudi Aramco) might be pushed back. Saudi Arabia is preparing contingency plans for the possible delay of Saudi Aramco's IPO by a few months, into 2019, Bloomberg's Javier Blas reported. In a statement, Saudi Aramco said the IPO "remains on track." Amin Nasser, Saudi Aramco CEO, said earlier in 2017 that the IPO is likely to happen in the second half of 2018.

Petronas, Aramco Reportedly Keen On $1.8 Billion Daewoo E&C Controlling Stake

Petroliam Nasional Berhard (Petronas) and Saud Arabian Oil Company (Aramco) are reportedly among potential suitors for a controlling stake in Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040), in a deal that could fetch as much as KRW 2 trillion. The 50.75 percent Daewoo E&C stake is being put up for sale by state-owned Korea Development Bank (KDB), which in July said BoA Merrill Lynch and Mirae Asset Daewoo Securities have been appointed as its advisers on the deal.

Saudi Arabia Reportedly Favours New York For Aramco IPO

Saudi Arabian avours New York for the main foreign listing of Saudi Arabian Oil Company, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters.

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
August 28, 2017
Sadara Chemical Company
Merger/Acquisition
February 28, 2017
Petroliam Nasional Berhad, Refinery & Petrochemical Integrated Development Project
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