Which Saudi company is officially named the Saudi Arabian Oil Company?

Saudi Aramco is officially named the Saudi Arabian Oil Company.

“Aramco” originated as an abbreviation of Arabian American Oil Company, the name used during the period when American companies participated in developing Saudi Arabia’s oil industry. Saudi Arabia progressively acquired ownership, and the company became fully state-owned in 1980.

The modern corporate name, Saudi Arabian Oil Company, reflects its national ownership and its broader activities. Although petroleum remains central, Saudi Aramco also operates in natural gas, refining, chemicals, shipping, and energy technology.

Saudi Aramco’s shares began trading on the Saudi Exchange in December 2019. Its enormous oil reserves and production capacity have made it one of the most valuable companies in the world. The company is distinct from ADNOC, the Abu Dhabi National Oil Company, which is based in the United Arab Emirates.