Discover the colossal scale of Saudi Aramco, Saudi Arabia’s national oil company, which holds an unmatched 259 billion barrels of oil and gas reserves, dwarfing all other global competitors. This vast resource base contributes significantly to Saudi Aramco’s staggering $1.8 trillion valuation, making it the sixth-largest company worldwide by market capitalization. Producing 9 million barrels of oil daily, Saudi Aramco stands as the world’s most profitable company, raking in $722 billion in profits from 2016 to 2023. Beyond its economic prowess, Saudi Aramco plays a pivotal role in Saudi Arabia’s economic diversification plans, including potential stake sales to fund initiatives in clean energy and technology.
Saudi Aramco has the world’s largest oil and gas reserves, totaling 259 billion barrels. This is a major contributing cause to the company’s huge $1.8 trillion valuation.
To demonstrate this, Visual Capitalist’s Marcus Lu made this chart comparing major oil corporations’ proved reserves as of 2022.
Statista compiled data from a variety of company reports.
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Saudi Aramco is Saudi Arabia’s national oil company. As of 2024, it is the world’s sixth-largest firm by market capitalization.
Its oil reserves are more than four times larger than those of the six other corporations on our list combined.
Following Saudi Aramco, American company ExxonMobil follows in second with 17.7 billion barrels of oil equivalent, followed by another American corporation, Chevron, with 11.2 billion barrels.
Saudi Aramco produces 9 million barrels of oil per day, more than any other company and over a tenth of the global total.
Furthermore, the state-run oil firm is the world’s most profitable company, with $722 billion in profits from 2016 to 2023.
Saudi Aramco is also expected to play a significant role in Saudi Arabia’s economic diversification and reduction of oil dependence. Saudi Crown Prince Mohammed Bin Salman recently stated that the kingdom is in talks to sell a 1% stake in the state-owned oil company, which may help fund the country’s sustainable energy and technology programs.
Recently, GreatGameIndia reported that according to a filing with the Hong Kong Stock Exchange by China’s Sinopec, they will build gas pipelines for Saudi Aramco in a $1-billion deal.