Aramco is the leading producer of energy and chemicals that drive global commerce and enhance the daily lives of people around the world by continuing to deliver an uninterrupted supply of energy to the world. Their resilience and agility have made them one of the largest integrated energy and chemicals companies in the world. And they are part of a global effort to build a low-carbon economy. They believe in the power of energy to enhance communities, advance human progress and sustain our planet.
In the early 2000s, they continued to diversify to achieve their vision of becoming the world’s leading integrated energy and chemicals enterprise. With many ways to deliver value from oil barrels – including nonmetallic and crude-to-chemicals products, they have moved beyond traditional markets and uses for oil and gas while also putting money into new technological solutions to achieve more efficient production, and cleaner and consumption. Oil includes new high-performance engines and fuel to increase transport efficiency and durability.
Looking ahead, they envision Saudi Aramco, the Kingdom, and its people converting billions of barrels of oil and trillions of cubic feet of gas into multiple streams of value while – at the same time – continuing to be a reliable supplier of sustainable energy to the world.
Their Global presence:
Saudi Aramco America-based subsidiaries provide the source of goods and services, provide economic and political analysis, and manage the storage, transportation, and distribution of crude oil sold to refiners in the United States by Saudi Aramco or Saudi Refining.
Saudi Aramco’s subsidiaries are key players in the region’s vibrant energy market and together serve as major crude oil suppliers to India, China (including the province of Taiwan), Japan, South Korea, and the Philippines. Under an aligned regional strategy, their local offices provide marketing and portfolio management services and other business support to them and their partners.
Saudi Aramco’s subsidiaries support a network of offices that provide a wide range of services, including financial support, supply chain management, technical support services, and various administrative support services.
- Oil: They have built a reputation for unparalleled reliability in the supply of crude oil to energy markets around the world.
- Gas: They are the sole supplier of natural gas to Saudi Arabia, the seventh-largest natural gas market in the world.
- The use of the power of chemicals: They are a leading player in the global petrochemicals industry, committed to understanding the innovation, growth, and full potential of every hydrocarbon molecule they manufacture.
- Lubricants: They are the leading supplier of premium quality base oil worldwide.
- Pure products: Their downstream refining business has been the engine of growth and has been since their early days.
- Loose fuel: From gasoline to kerosene to sales gas, their customers enjoy a range of retail fuel products that help keep the state’s economy prosperous.
- Power systems: Efficient, reliable, and independent solutions for the dynamic power industry.
Their path to the Future:
They’re explorers at heart. That drive to uncover the next frontier or solve the next great problem lies at the heart of their determination to succeed — and has allowed them to build the most important energy and chemicals enterprises. To help ensure optimal future performance, they are focused on delivering greater value, creating additional organizational resilience, enabling continued growth, and developing future-proofing technology solutions.
Over the next decade, they expect to continue making significant investments in their upstream operations. These strategic investments are designed to help reinforce their preeminent position in oil, maintain their maximum sustainable production capacity, and allow them to carry out exploration.
They are pursuing a strategy to grow their non-crude oil businesses and pursue tighter integration across their upstream and downstream operations. They see product diversification and global integration as a means to strengthen their portfolio resilience and deliver additional revenue streams for the company.
They employ a wide range of capital efficiency practices to help lower capital costs and improve productivity, supporting the financial health of their company in various operating scenarios. Focusing on their underlying cost structure helps give them the tools they need to meet their goals of greater efficiency and cost competitiveness – without compromising on safety or their commitment to protecting the environment.
From engineering mega projects to creating industry-changing technologies to launching innovative new products, they have always had a relentless drive to succeed by maximizing the long-term, positive impacts we enable from their resources.
With the global population projected to grow by two billion in the next 25 years, even more, energy will be needed to meet the growing demand. It will take all available energy sources to meet this need – both heritage and alternative sources. And while alternative energy sources are constantly evolving, they alone will not be able to meet future demand. Even as they move toward a lower-emission future, hydrocarbon-based energy sources will be considered to better meet most of the world’s energy demand in the future.
They are committed to increasing energy efficiency and meeting the global emissions challenge. And as the world’s largest integrated oil and gas company, they believe they are uniquely qualified to contribute effectively to the whole solution.
Sustainable practice is essential to ensure that Aramco continues to grow in the long run and remains one of the world’s largest integrated energy and chemicals companies during the global energy transition. The concept of “sustainability” provides a perspective on the relationship between Aramco and its stakeholders. It allows the company to consider how social and environmental issues affect its business and is the driver of Aramco’s strategy.
They recognize the scale and urgency of the climate challenge. They are taking advantage of their unique platform to play their part in the energy transition based on their ambition to achieve net-zero scope 1 and scope 2 greenhouse gas emissions in their wholly-owned managed assets by 2050. This complements the purpose of the Kingdom of Saudi Arabia.