Saudi Aramco
Saudi Aramco
(Saudi Arabian American Oil Co)
Eman Yanes, Student ID: H00028866
Final Project
Int. Business Emerging Markets
Liverpool University
May, 2013
1
Abstract:
“Saudi Aramco-Saudi Arabian American Oil Co” was an American global Energy company that entered the Saudi
market in 1933 then became 100% Saudi company in 1988, to end up in 2012 as the biggest company in the
world. This dramatic shift had historical and political circumstances with changed economic conditions. The paper shows the company: history, strategy and projects internally and internationally. It also shows us the innovation key role played in the global organizations growth and Leadership role.
2
Introduction
“Saudi Aramco-Saudi Arabian American Oil Co” that was established in (1933) ranked as “the biggest energy
company in the world, generating more than $1 billion a day in revenues” (Forbs, 2012). It is also ranked as “the largest company in the world in terms of market value by 781 billion, according to study results conducted by
Britain 's Financial Times newspaper in conjunction with Mackenzie British petroleum consulting”.
Its working areas can be classified into three sections: “Exploration and production business - Refining,
marketing and distribution - Staff development”. It works hard on all these areas to achieve its strategic intent that is “In 2020, Saudi Aramco is the world’s leading integrated energy and chemicals company focused on maximizing Income, facilitating the Sustainable”.
3
WHO WE ARE AND WHAT WE DO – (Saudi Aramco 2012 Annual report)
1. Exploration and production
“161 oil search and development wells completed”. The company operates on the exploration and production
(monopoly right given by the Saudi government) with the ongoing work on the development of technologies
relevant, in collaboration with the most important research centers in the world. In addition to local centers in
“King Abdul-Aziz City for
(Saudi Arabian American Oil Co)
Eman Yanes, Student ID: H00028866
Final Project
Int. Business Emerging Markets
Liverpool University
May, 2013
1
Abstract:
“Saudi Aramco-Saudi Arabian American Oil Co” was an American global Energy company that entered the Saudi
market in 1933 then became 100% Saudi company in 1988, to end up in 2012 as the biggest company in the
world. This dramatic shift had historical and political circumstances with changed economic conditions. The paper shows the company: history, strategy and projects internally and internationally. It also shows us the innovation key role played in the global organizations growth and Leadership role.
2
Introduction
“Saudi Aramco-Saudi Arabian American Oil Co” that was established in (1933) ranked as “the biggest energy
company in the world, generating more than $1 billion a day in revenues” (Forbs, 2012). It is also ranked as “the largest company in the world in terms of market value by 781 billion, according to study results conducted by
Britain 's Financial Times newspaper in conjunction with Mackenzie British petroleum consulting”.
Its working areas can be classified into three sections: “Exploration and production business - Refining,
marketing and distribution - Staff development”. It works hard on all these areas to achieve its strategic intent that is “In 2020, Saudi Aramco is the world’s leading integrated energy and chemicals company focused on maximizing Income, facilitating the Sustainable”.
3
WHO WE ARE AND WHAT WE DO – (Saudi Aramco 2012 Annual report)
1. Exploration and production
“161 oil search and development wells completed”. The company operates on the exploration and production
(monopoly right given by the Saudi government) with the ongoing work on the development of technologies
relevant, in collaboration with the most important research centers in the world. In addition to local centers in
“King Abdul-Aziz City for
References: “Shaping tomorrow-2012 annual report” (2012) “Saudi Aramco” [Online], Available online from: http://www.saudiaramco.com/content/dam/Publications/Annual%20Review/AnnualReview2012/2012Ann ualReview_EN.pdf (Accessed: 27 May 2013). Guerrera,F. Hoyos,C. (2006) “Saudi Aramco revealed as biggest group”, FINANCIAL TIMES [Online], Available online from : http://www.ft.com/cms/s/0/0ea4c450-8bb1-11db-a61f0000779e2340.html#axzz2Sq7MNnqi (Accessed: 25 May 2013). “Aiming Higher- Saudi Aramco 2011 FACTS & FIGURES”(2013) Saudi Aramco [Online] Saudi Aramco , Available online from : http://www.saudiaramco.com/content/dam/Publications/Annual%20Review%20Facts%20and%20Figures/F acts%20and%20Figures%202011/2011-Facts-Figures-Eng.pdf (Accessed: 25 May 2013). “Our history” (2013), “Saudi Aramco” [Online], Available online from: http://www.saudiaramco.com/en/home.html (Accessed: 25 May 2013). “FT: Non-Public 150 Companies Worth $7 trillion, Dominated by Oil and Private Equity” (2006) “Metrics 2.0 Business and marketing intelligence” [Online], Available online from : http://www.metrics2.com/blog/2006/12/15/ft_nonpublic_150_companies_worth_7_trillion_domina.html (Accessed: 26 May 2013). May 2013). “Board of Directors Report 2011- Rabigh Refining & Petrochemical Company” (2011) Petro Rabigh [Online], Available http://www.petrorabigh.com/en/Financial_Statements/BOD_2011_eng.pdf (Accessed: 27 May 2013).