The Saudi Arabian Oil Company, commonly known as Saudi Aramco, is a titan of the oil and gas industry, headquartered in Saudi Arabia. It operates across two primary segments: Upstream and Downstream. The Upstream segment is engaged in oil and gas exploration, development, and production, including the extraction of crude oil, condensate, natural gas, and natural gas liquids (NGLs).
In contrast, the Downstream segment of Saudi Aramco delves into refining, petrochemical manufacturing, and the supply and trading of energy products. Additionally, this segment is involved in power generation, and other businesses such as the production of base oils, lubricants, and retail services. The company’s chemical operations encompass a broad range, from basic chemicals like aromatics and olefins to more complex products such as synthetic rubber, polyols, and isocyanates.
Saudi Aramco’s influence extends across three critical global energy markets: Asia, Europe, and North America, denoting its significant international presence in the energy sector.