Aramco saudi arabia. Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia. Its Upstream operations manages Saudi Arabia's unique hydrocarbon reserve base of 251. The world's biggest oil company Saudi Aramco has announced it made $161 billion in profits last year, a whopping figure for the corporation and its main shareholder, the Saudi government. Now named Aramco (the Arabian American Oil Company), our crude oil production hit 500,000 barrels per day in 1949. Saudi oil giant Aramco has announced a record profit of $161. It represents a 46. From the late 1940s, we grew from strength to strength — hitting record-breaking oil production milestones. Saudi Aramco is the world's largest oil producer. 1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes. Aramco manages Saudi Arabia’s unique hydrocarbon reserves base, optimizing production and increasing long-term value. 5% rise for the state-owned company, Aramco manages Saudi Arabia’s unique hydrocarbon reserves base, optimizing production and increasing long-term value. 5% rise for the state-owned company,. Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company), is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. Saudi Aramco is one of the world’s largest integrated energy and chemicals companies. Along the way, we were making Saudi Arabia famous for its energy, too. 2 billion barrels of oil equivalent (as of the end of 2023), optimizing production and maximizing long-term value. dwhsubbocsgbxuvgmsrwskdjzvjwfpwspgbzrpzcjoqdd