Date of Establishment: 1933
President and CEO: Amin H. Nasser
Market Value: $1.9 trillion
Aramco is the world’s largest oil company and the Middle East’s most valuable company—it was the only major listed oil firm to post a profit in 2020. It is over 98% owned by the Saudi government and is the country’s main source of revenue. It engages in the exploration, production, transportation, and sale of crude oil, natural gas, and chemicals. In June 2020, Aramco acquired 70% of SABIC for $69.1 billion. Amin H. Nasser, President and CEO of Aramco, has been with the company for 30 years. He ranked #1 on Forbes Middle East’s list of the Top CEOs In The Middle East 2021.