Saudi Aramco

Saudi state-controlled oil and gas producer

Overview

Saudi Arabian Oil Company produces, transports and sells oil, gas and chemicals, and covers exploration, drilling, refining and marketing through upstream and downstream segments.[2] Fortune records 2025 revenue of US$445.5bn, down 7.2% on 2024, and profit of US$92,785m, the highest profit of any oil and gas company and the fifth-highest revenue of any company in the Global 500.[1] It is the only company in this list headquartered in the Middle East, in Dhahran.[1]

Saudi Aramco strengths and limitations

Strengths

  • Highest revenue and profit in the industry
  • Low-cost upstream production base

Limitations

  • Revenue fell 7.2% in 2025 with lower oil prices
  • Earnings concentrated on a single country's reserves

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