Skip to Content
6

Saudi Aramco

Simon Dawson—Bloomberg via Getty Images
  • Previous Rank-
  • Country
    Saudi Arabia
  • Revenues ($M)$355,905.00
  • Revenue Percent Change35.3%
  • Profits ($M)$110,974.50
  • Profits Percent Change46.9%
  • Assets ($M)$358,872.90
  • Employees76,418

There’s still no business model to match extracting oil for less than $10 a barrel and selling it for $60. Saudi Arabia’s state-owned oil company generated a cool $111 billion in profit last year, nearly twice as much as Apple. Yield-hungry investors accordingly flocked to a $12 billion debut bond issue in April, after the desert kingdom shelved plans for an IPO. The money will finance an M&A program that includes buying SABIC, a sprawling domestic industrial conglomerate, along with minority stakes in a Texas liquified natural gas plant and refiners across Asia, the biggest destination for Saudi Aramco’s output in the future.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Amin H. Nasser
Sector
Energy
Industry
Mining, Crude-Oil Production
HQ Location
Dhahran, Saudi Arabia
Websitehttps://www.saudiaramco.com
Years on Global 500 List1
Employees76,418
Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.

Saudi Aramco Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$355,905.0035.3%
Profits ($M)$110,974.5046.9%
Assets ($M)$358,872.90-
Total Stockholder Equity ($M)$271,062.40-

Profit Ratios

Profit as % of Revenues31.2%
Profits as % of Assets30.9%
Profits as % of Stockholder Equity40.9%