Company: Saudi Aramco
Designation: President and CEO
Country: Saudi Arabia
Occupation: President and CEO
As boss of the world’s biggest unlisted company and the world’s largest oil company, Khalid Al Falih can lay claim to being possibly the most influential energy executive on the planet.
With a workforce of around 60,000, crude oil reserves of 260 billion barrels of oil and revenues of $2.16 trillion on 2009, the superlatives just keep on coming for
. It is also widely believed to be the most profitable company in the world. Al Falih took charge of this giant firm in January 2009 from Abdullah Juma’ah, at a time of great significance in the industry due to the fluctuating price of oil.
Right now, the CEO is masterminding a series of significant joint ventures in conjunction with supermajors such as Total and ConocoPhilips.
Al Falih began his career at Aramco in 1979, and became president of Petron, a joint venture between the Saudi giant and the Philippine National Oil Co in 1999. He was elected to the
board of directors in 2004.
Earlier this month, the ‘Oil King’ as he has been dubbed by Forbes, said that
would invest $90bn in additional oil and gas projects up to 2015. With the firm operating at well below capacity, thus building up a significant supply cushion, Al Falih’s role in future energy discussions will no doubt remain pivotal.