Saudi Aramco is the world's largest integrated energy and chemicals company. In June 2024, it raised $12.35 billion through a secondary offering of 1.7 billion shares and awarded over $25 billion in contracts to support its gas expansion plan, targeting a 60% increase in sales gas production by 2030 from 2021 levels. In November 2024, Aramco, China’s Sinopec, and FPCL began building a refining and petrochemical complex in China’s Fujian Province. In May 2025, the oil giant signed 34 MoUs and agreements with major U.S. companies valued at $90 billion.