Discover more about Aramco’s founding, and some of our key milestones and achievements through the years, below. Aramco traces its beginnings to 1933 when a Concession Agreement was signed between Saudi Arabia and the Standard Oil Company of California (SOCAL).

Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. [6][7] As of 2024, it is the fourth- largest company in the world by revenue...

5 days ago · Saudi Aramco, Oil company founded by the Standard Oil Co. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. Other U.S. companies joined after oil was found near Dhahran in 1938.

Dec 11, 2019 · Since its earliest years in the 1930s, Saudi Aramco has gone from a speculative attempt to find oil to the most powerful company in the global oil industry.

May 19, 2024 · Saudi Aramco is the world's largest oil producer. Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia. It is the world's...

Discover more about Aramco's founding, and some of our key milestones and achievements through the years, below. Saudi Aramco traces its beginnings to 1933 when a Concession Agreement was signed between Saudi Arabia and the Standard Oil Company of …

1988: Aramco becomes a state-owned company, and renamed Saudi Arabian Oil Company (Saudi Aramco). 1993: Saudi Aramco takes over the Saudi Arabian Marketing and Refining Company (Samarec).

Mar 6, 2018 · As they knew 80 years ago, and as Americans and Saudis know today, going the extra mile together when others are starting to write us off is the best way of making our own history.

May 29, 2023 · From its early days of exploration in the 1930s, Aramco has forged a reputation for resilience and strength over the past nine decades. In many ways, Aramco’s story is just beginning, powered by innovation, determination, and dedication to a common goal.

Sep 22, 2023 · Saudi Aramco was initially started during World War I in 1933 due to the oil shortage in various parts of the world. In 1951, Saudi Aramco discovered the Safaniya oil field which is the world’s largest offshore oil field for oil production and manufacturing.