Aramco

What Aramco does

Aramco (Saudi Arabian Oil Company) is the national oil company of Saudi Arabia and a publicly traded integrated energy and chemicals company listed on the Saudi Stock Exchange (Tadawul, ticker 2222) since its December 2019 IPO. The company operates across the full hydrocarbon value chain — upstream oil and gas production from mega-fields including Ghawar, Safaniya, Manifa, and Khurais; downstream refining and petrochemical manufacturing through joint ventures (Sadara, S-Oil, PrefChem, Arlanxeo) and subsidiaries (Luberef); and global trading via Aramco Trading Company. Beyond traditional energy, Aramco has built a portfolio of digital technology products including AI/ML solutions for seismic interpretation, subsurface modelling, drilling enhancement, and predictive maintenance; one of the world's largest quantum computing emulators (developed with NVIDIA on the Dammam-7 supercomputer); and Saudi Arabia's first industrial quantum computer (200-qubit Pasqal system at Dhahran).

The business model is primarily transaction-based commodity sales of crude oil, natural gas/LNG, refined products, and petrochemicals. Distribution combines direct enterprise sales teams at global regional offices (Americas, Europe, China, India, Japan, Korea, Malaysia, Singapore), long-term term contracts with major refiners and national oil companies (e.g., Sinopec, Kimmeridge's Caturus 20-year LNG), spot market sales through trading arms, and joint-venture operations. Pricing is benchmark-linked to global oil markers (Brent, Murban crude) across multi-year term contracts and pay-as-you-go spot transactions. Revenue diversification extends into adjacent verticals including automotive powertrains (Horse Powertrain JV, PHINIA H2ICE vehicles), sports infrastructure (Aramco Stadium Company — 47,000-seat Al-Khobar stadium), and venture capital (Wa'ed Ventures). Customer segments span national oil companies and governments, industrial manufacturers, transportation, and utilities/power producers globally, with a workforce exceeding 70,000 including 600+ across six European locations.

Name

Aramco

Legal name

Saudi Arabian Oil Company (Saudi Aramco)

Website

https://europe.aramco.com

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Aramco is Saudi Arabia's national oil company and a publicly traded integrated energy and chemicals producer, operating upstream oil/gas, refining, and petrochemicals (Sadara, S-Oil, PrefChem) while serving governments, refiners, and industrial customers globally through term contracts, direct enterprise sales, and trading.

Ownership category

akta.pro rank

Product category

Integrated Energy and Chemicals

NAICS

Crude Petroleum Extraction (21112), Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Petroleum Lubricating Oil and Grease Manufacturing (324191)

SIC

Petroleum Refining (2911), Oil & Gas Field Exploration Services (1382), Oil Royalty Traders (6792)

akta.pro primary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

akta.pro secondary industries

Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG), Marine & Offshore Energy O&M (Offshore Wind, Platforms, Subsea Assets) (EUAEAGAO)

Keywords

• Upstream oil production
• Natural gas operations
• Petrochemical manufacturing
• Refined petroleum products
• Integrated energy services

Headquarters

HQ city

The Hague

HQ country

Netherlands

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Oil Production and Sales: Upstream crude oil production and global sales to refiners, traders, and national oil companies worldwide. Primary revenue stream from hydrocarbon extraction.
2. Natural Gas Production and Sales: Gas production including domestic power generation supply and LNG exports, serving utility and industrial customers.
3. Petrochemicals and Chemicals: Downstream petrochemical and chemical products including polymers, fertilizers, and specialty chemicals produced through joint ventures like Sadara and S-Oil.
4. Refined Products: Refined petroleum products including transportation fuels (gasoline, diesel, jet fuel), asphalt, and base oils through Luberef operations.
5. LNG Trading: Long-term LNG purchase agreements such as the 20-year deal with Kimmeridge's Caturus for LNG supply.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Aramco is an integrated energy and chemicals company that explores, produces, and sells crude oil, natural gas (including LNG), refined petroleum products, petrochemicals, and base oils. Its European arm, headquartered in The Hague, supports the safe and reliable global delivery of energy through a network of regional offices and dedicated account management, alongside digital and AI-driven industrial technologies.

Product overview

Aramco is a world leader in integrated energy and chemicals operating across the entire hydrocarbon value chain. The company's core products include oil production (spanning major fields like Ghawar, Safaniya, Manifa, and Khurais), gas production (including the Wasit gas plant), and chemicals (through joint ventures like Sadara). Beyond traditional energy, Aramco has developed a portfolio of digital technology products including AI and Big Data solutions for upstream operations (seismic interpretation, subsurface modeling, drilling optimization, production monitoring), and quantum computing services (200-qubit system at Dhahran for industrial applications). The company also operates subsidiaries including Luberef (base oil production), Aramco Stadium Company (sports/entertainment), and venture capital arm Wa'ed Ventures. The product architecture combines core energy operations with digital technology offerings that enhance operational efficiency across exploration, drilling, and production.

Differentiator

Problem solved

Functional benefit

Brands

• FIFA World Cup Partnership: Aramco's global partnership with FIFA as a FIFA Major Worldwide Partner with rights across major FIFA events including the FIFA World Cup 2026 and FIFA Women's World Cup 2027
• Lab7
• Ability Group

Products and services

• Crude Oil Production and Sales Upstream extraction of crude oil from major Saudi Arabian fields including Ghawar, Safaniya, Manifa, and Khurais, sold globally to refiners, traders, and national oil companies under long-term term contracts and spot sales via export terminals at Yanbu and Ras Tanura.
• Natural Gas Production and Sales Natural gas extraction and processing including the Wasit gas plant and unconventional gas services, supplying domestic power generation, residential and commercial gas distribution utilities, and LNG exports under long-term agreements (e.g., 20-year deal with Kimmeridge's Caturus).
• Refined Petroleum Products Transportation fuels (gasoline, diesel, jet fuel), marine fuels, asphalt, and base oils produced through Aramco's refining operations (including Ras Tanura) and the Luberef base oil subsidiary for industrial, transportation, and utilities buyers.
• Petrochemicals Petrochemical and chemical products including polymers, fertilizers, specialty chemicals, High Performance Elastomers, and Tire & Specialty Rubbers, manufactured through joint ventures (Sadara, S-Oil, PrefChem) and the wholly owned Arlanxeo subsidiary for industrial manufacturers.
• PHINIA Hydrogen H2ICE Light Commercial Vehicle Hydrogen internal combustion engine light commercial vehicle co-developed with PHINIA Inc., designed for light commercial and public transport applications with Euro 7 emissions compliance and up to 500km range running on hydrogen.

Quantifiable outcome

• 15% increase in oil production at Khurais through digital solutions
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability8 records

Feature8 records

Partnerships

23 partnerships are on record, tiered moderate, core and minor.

• U.S.-Saudi Business CouncilmoderateGTM or Marketing Partner · 12 May 2026Aramco participates in the U.S.-Saudi Business Council with an expanded Board of Directors co-chaired by Lubna Olayan of Olayan Group and Jane Fraser of Citi. The Council aims to deepen bilateral economic ties between the United States and Saudi Arabia aligned with Vision 2030.
• PHINIA Inc.coreStrategic or Co-development Partner · 4 May 2026Partnership to develop hydrogen internal combustion engine (H2ICE) technology. Debuted first homologated hydrogen ICE light commercial vehicle at ACT Expo 2026, compliant with Euro 7 emissions standards, delivering up to 99% reduction in tailpipe CO2 emissions with 500km range.
• Al-Qadsiah Football ClubcoreStrategic or Co-development Partner · 14 April 2026Aramco Stadium Company subsidiary developing 47,000-seat stadium in Al-Khobar as home venue for Al-Qadsiah FC, intended to host AFC Asian Cup 2027 and FIFA World Cup 2034.
• World Robot Olympiad (WRO®)minorStrategic or Co-development Partner · 7 April 2026Aramco Innovation Award immersion program sending WRO 2025 winners from Costa Rica, Malaysia, and Australia to Seoul for robotics and AI industry exploration.
• Future Investment Initiative (FII) InstitutemoderateGTM or Marketing Partner · 24 March 2026Aramco serves as a Vision Partner for the FII PRIORITY Miami 2026 Summit, the fourth edition serving as a gathering for leaders across finance, technology, policy, and industry.
• Fab FoundationmoderateStrategic or Co-development Partner · 16 March 2026Funding provided for Fab-in-a-Box digital fabrication kits deployed across Washington D.C. area locations including schools and public libraries, providing K-12 students access to 3D printing, laser cutting, and computer programming technologies.
• SaipemcoreImplementation/ SI/ Consulting Partner · 24 February 2026Offshore contract valued at approximately $500 million for engineering, procurement, construction, and installation of 48-inch trunkline at Safaniya oilfield. Encompasses nearly 65km offshore and 12km onshore pipeline work with subsea facilities.
• Horse Powertrain (Renault Group, Geely)coreStrategic or Co-development Partner · 20 February 2026Joint venture owned by Geely (40%), Renault Group (40%), and Aramco (10%, with potential to increase to 20%) developing turbo-petrol hybrid powertrains. Unveiled Horse H12 Concept achieving 3.3L/100km fuel economy and 44.2% peak brake thermal efficiency running on 100% renewable fuel.
• MicrosoftcoreTechnology or Integration · 13 February 2026Non-binding MoU to collaborate on digital initiatives in Saudi Arabia focusing on industrial AI adoption, digital sovereignty, and workforce development. Partnership aims to enhance operational efficiency, digital infrastructure, and AI solutions aligned with Vision 2030.
• CrowdStrikecoreTechnology or Integration · 5 February 2026MoU to advance Saudi Arabia's cybersecurity transformation supporting Vision 2030. Collaboration aims to establish CrowdStrike's long-term investments including exploring establishment of regional headquarters and deploying Falcon platform across critical infrastructure. Includes joint innovation, threat intelligence sharing, and workforce development.
• LuberefcoreStrategic or Co-development Partner · 4 January 2026MoU to explore building a base oil plant at Jazan Refinery under the Group III+ Project. Aramco will supply Unconverted Crude Oil as feedstock to expand Luberef's production capabilities.
• SLBmoderateTechnology or Integration · 24 December 2025Five-year deal for unconventional gas services supporting Saudi Arabia's gas growth objectives.
• ExxonMobilcoreStrategic or Co-development Partner · 11 December 2025Venture Framework Agreement with Samref to evaluate refinery upgrade and new petrochemical complex expansion in Yanbu. Project aims to increase high-value chemical production, reduce emissions, and enhance competitiveness.
• QualcommcoreStrategic or Co-development Partner · 10 December 2025DISAI (Design in Saudi Arabia with AI) accelerator program completed its inaugural year supporting startups adopting AI, IoT, and wireless technologies. Provided technical, business, and legal training with access to Qualcomm and Aramco resources.
• PasqalcoreTechnology or Integration · 27 November 2025Deployed Saudi Arabia's first quantum computer at Aramco's data center in Dhahran, first of its kind in the Middle East dedicated to industrial applications. The system supports 200 qubits and aims to enhance operations across industrial sectors with skills development initiatives.
• Baker HughescoreTechnology or Integration · 24 October 2025Multi-year agreement to expand integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia, increasing fleet from four to ten units. Project aims to improve gas access and production efficiency starting in 2026.
• NVIDIAcoreTechnology or Integration · 12 October 2025Collaboration to develop one of the world's largest quantum computing emulators deployed on Dammam-7 supercomputer using NVIDIA GPU acceleration and CUDA-Q platform to emulate up to 30 qubits per GPU for seismic data analysis.
• ArlanxeocoreStrategic or Co-development Partner100% owned subsidiary since 2019, former joint venture with Lanxess specializing in High Performance Elastomers and Tire & Specialty Rubbers.
• S-Oil (South Korea)coreStrategic or Co-development PartnerAramco holds majority share in S-Oil, a petroleum refinery in South Korea.
• PrefChem (Malaysia)coreStrategic or Co-development PartnerAramco owns 50% of two PrefChem joint ventures (Refining and Petrochemicals) in Malaysia.
• Team TerminalmoderateStrategic or Co-development PartnerJoint venture with BP and Esso for crude oil terminal and storage facility in the Netherlands.
• MOT (Maasvlakte Olie Terminal)moderateStrategic or Co-development PartnerJoint venture with BP, Esso, Total, Shell, and Vopak for crude oil terminal in the Netherlands.
• Idemitsu Showa ShellmoderateStrategic or Co-development PartnerEquity stake held by Aramco in Idemitsu Showa Shell.

Scale indicators15 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• ExxonMobil: Integrated oil and gas major with comparable upstream production, refining, petrochemicals, and base oil/lubricants businesses. ExxonMobil is a direct partner with Aramco in the Samref JV, making it both a peer and a counterparty.
• Shell: Global integrated energy major operating across upstream production, LNG, refining, and petrochemicals. Shell is a JV partner with Aramco in the MOT crude oil terminal in the Netherlands and competes for similar term contracts and refining customers.
• BP: Integrated energy company with comparable upstream, downstream, and trading operations. BP partners with Aramco in the Team Terminal crude oil storage JV in the Netherlands and serves overlapping refining and chemicals customers.
• Chevron: Integrated oil major with upstream production, refining, and petrochemicals. Operates at similar scale with comparable value chain integration and term-contract sales models.
• TotalEnergies: French integrated energy company with comparable global upstream, LNG, refining, and petrochemical operations. TotalEnergies is a JV partner in MOT and competes in European downstream and trading markets.
• ADNOC: UAE national oil company with similar integrated upstream, refining, and petrochemicals structure. Operates the Ruwais complex and Borouge petrochemicals JV, providing a direct national-oil-company peer comparison for Aramco.
• PetroChina: China's largest integrated oil and gas company with comparable upstream, refining, and petrochemical operations. Major buyer of crude from Middle East producers including Saudi Aramco.
• Sinopec: Chinese integrated energy and chemicals company with extensive refining and petrochemical operations. Major enterprise customer of Aramco, scheduled to load approximately 24 million barrels from Yanbu.

Regional players

• Kuwait Petroleum Corporation: State-owned national oil company of Kuwait with comparable upstream production and refining operations in the Gulf region. Competes with Aramco for European and Asian term contracts.

Emerging players

• Reliance Industries: Indian conglomerate with significant refining and petrochemicals operations comparable to Aramco's downstream. Competes in Asian petrochemical markets and serves as a model for integrated downstream expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Aramco_Europe

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aramco