Country: Saudi Arabia
Saudi Aramco is the biggest hydrocarbon company in the world. It is owned by the Saudi government, which wields significant influence in the global oil market, as evidenced during the recent oil price plunge when the government refused to cut Saudi Aramco’s production, causing prices to remain low due to excess stock.
The company manages the largest proven conventional crude oil and condensate reserves in the world — 261.1 billion barrels. Its average daily crude production is 10.2 million barrels per day. It also has natural gas reserves of 297.6 trillion standard cubic feet. Headquartered in Dhahran, it employs more than 65,000 workers worldwide. Its subsidiaries and affiliates are located across the globe in China, Egypt, Japan, India, the Netherlands, South Korea, Singapore, the UK and the US.