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...
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