Saudi Aramco, listed on Tadawul under the symbol 2222, is the world’s largest integrated oil company by production.
Saudi Aramco is formally the Saudi Arabian Oil Company. Its origins trace to the 1933 concession granted to Standard Oil of California, which later became part of the Arabian American Oil Company, or Aramco.
The Saudi government completed the company’s nationalization in the 1980s. Saudi Aramco operates across exploration, production, refining, chemicals, and distribution, giving it an integrated structure rather than a business focused only on extracting crude oil.
Its initial public offering took place on the Saudi Stock Exchange in 2019. The company is often compared with ExxonMobil and other oil majors, but its ownership structure and exceptionally large Saudi hydrocarbon reserves make it distinct.