Mohamed H. Zakaria’s Post

Saudi Aramco, the world's largest oil company, produced 12.8 million barrels of oil per day in 2023 and holds 259 billion barrels of reserves. From 2016 to 2023, it generated $716.2 billion in profits, making it the most profitable company globally. Aramco's reserves are 15 times greater than its nearest competitor. Despite declining reserves among public oil companies, Saudi Arabia holds about one-fifth of the world’s conventional oil. Recently, Aramco sold over $10 billion in shares in a secondary public offering, attracting international investors. #SaudiAramco #OilIndustry #EnergyGiants #GlobalReserves #OilProduction #InvestmentOpportunity

Saudi Aramco, the world's largest oil company, produced 12.8 million barrels of oil per day in 2023 and holds 259 billion barrels of reserves. From 2016 to 2023, it generated $716.2 billion in profits, making it the most profitable company globally. Aramco's reserves are 15 times greater than its nearest competitor. Despite declining reserves among public oil companies, Saudi Arabia holds about one-fifth of the world’s conventional oil. Recently, Aramco sold over $10 billion in shares in a secondary public offering, attracting international investors. #SaudiAramco #OilIndustry #EnergyGiants #GlobalReserves #OilProduction #InvestmentOpportunity

🔝🇸🇦Saudi Aramco Has 2 Oil Market🛢️🛢️🛢️Roles That May Conflict⚠️ Recent dynamics in the #oil market also showed how the company-and the country-has to please very different audiences at the same time. #SaudiAramco successfully sold $11.2 billion worth of shares in the company this week, giving the government some much-needed cash and broadening its #investor base to include more European shareholders. But recent dynamics in the oil market also showed how the company-and the country—has to please very different audiences at the same time. Read More...

Comparison of the value of Saudi Aramco and other oil companies in the world Saudi Aramco is almost four times larger than its nearest competitor. As of May 2024, there are only six companies in the world with a trillion dollar valuation, and only one of them is an oil company.

The USA broke the highest oil production from a single country by surpassing 13.2 million bpd. 5 million barrels are only produced in Texas. These projects are vital for Saudi to keep pace with history's biggest energy producer. The USA not only owns the biggest economy in the world but also secures energy to maintain the growth of its economy. Energy security is as vital as health and education for the future development of any nation, and Saudi tries to be a significant player in the energy domain.

On Tuesday, Saudi Aramco formally sealed agreements in Dhahran, Saudi Arabia, marking its acquisition of a 40 percent equity stake in Gas & Oil Pakistan Ltd. This strategic move is contingent upon meeting customary conditions, including obtaining regulatory approvals. Notably, this marks Aramco's inaugural foray into the Pakistani fuels retail market, underscoring its commitment to enhancing its downstream value chain on an international scale. The acquisition serves as a key milestone in Aramco's broader strategy, positioning the company to bolster its presence in the downstream sector globally. By securing a substantial share in Gas & Oil Pakistan Ltd., Aramco anticipates gaining additional distribution channels for its refined products. Moreover, the acquisition creates new market opportunities for Valvoline-branded lubricants, following Aramco's earlier acquisition of Valvoline Inc.'s global products business in February 2023. #iontrendz #saudiarabia #dhahran #pakistan #fuel #oil #shares #aramco #own #gas #pso #valvoline #global #products #economy #business #international #lubricants #market #opportunites #news #explore #newsupdate

Aramco Pushes Deeper Downstream With Retail Buys | With a clear mission to keep Saudi Arabia’s crude oil relevant and profitable for the longest time possible, state-owned Saudi Aramco has been working on a “future proofing strategy” that would help lock in demand in growth areas around the world and continue to deliver profit to support the kingdom’s economy. Twice this year, Aramco announced acquisitions of international fuel station assets in a major growth areas, a trend industry experts see continuing. The latest moves mark further progress in the company’s efforts to expand its downstream assets base. Learn more >> https://bit.ly/3trx6k5 #Aramco #corporatestrategy #fuelretail #fuelandconvenienceretail #downstream #refining #petchems #oil

🌏 Spotlighting the monumental journey of Saudi Aramco Total Refining and Petrochemical Company (SATORP), the world's largest oil producer and the most profitable company globally. From its roots in 1933, thanks to a concession agreement, to becoming a beacon of innovation and financial prowess, Aramco's story is nothing short of inspirational. 🚀 🔍 The leap into the public sphere in 2019 with a record-setting $25.6 billion IPO showcased the depth of investor confidence and marked a historic milestone. 📈 The strategic move to acquire a 70% stake in Saudi Basic Industries Corporation further underscores Aramco's ambition and commitment to diversification and growth. 💼 🛢 Amidst the challenges posed by the global pandemic, Aramco's resilience shone through, navigating the turbulent waters of fluctuating demand and energy prices with grace and strength. The slight rebound in the latter half of 2020 is a testament to the relentless spirit of the Aramco team. 💪 It's essential to commend the visionary leadership of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud and the indomitable spirit of the Aramco team. Their foresight, innovation, and dedication have not only propelled the company to the zenith of success but also significantly contributed to the Kingdom of Saudi Arabia's wealth and global energy stability. 👏 📊 With a legacy of leading the charge in the energy sector, Aramco continues to set benchmarks for excellence, profitability, and sustainability. Let's celebrate the remarkable achievements of Saudi Aramco and its invaluable contribution to the global energy landscape. 🌍 #saudiaramco #innovation #leadership #sustainability #energysector

“Adnoc upgraded its Ruwais refinery to process heavier and cheaper crudes like Iraqi grades and Abu Dhabi’s own offshore barrels. That means it can export more supplies of its own Murban crude, which is lighter and more valuable. (…) Ruwais can process more than 900,000 barrels a day of crude into fuels like gasoline, diesel and jet fuel, as well as products for chemical plants. It was initially designed to process Abu Dhabi’s flagship Murban crude, pumped from the emirate’s onshore fields.  (…) Upgrading the refinery allows Adnoc to use its own heavier Upper Zakum crude that’s produced offshore, and similar barrels. Complex refineries can process these cheaper and more difficult crudes into valuable transport fuels, helping to boost margins. (…) Adnoc has purchased non-UAE crudes before, such as lighter African grades, some US shale oil and even a Russian cargo. This is the first time it’s bought heavier oil from the Middle East to run through the upgraded refinery.”

Wow! Have you seen Saudi Aramco’s H1 2024 results? They reported an astounding $113 billion in revenue in just six months, with oil production at 9 million barrels per day! Is the NNPC taking notes from Aramco? There are so many valuable lessons for the Nigerian government here. Truly mind-blowing! 💡🌍 #OilAndGas #SaudiAramco #NNPCL #Nigeria #BusinessInsights