Kingdom of Saudi Arabia is the 2nd largest country with larger oil reserves. Production was reported at 9,006.000 Barrel/Day in September 2023. Saudi Arabia holds almost 17% of the world’s total oil reserves. it’s placed on the top of the list as it’s world’s largest oil producer and exporter. If you are to join oil companies, here top 5 oil companies in Saudi Arabia:
SABIC
Saudi Aramco is the biggest oil and gas exploration company in the world with a market valuation of $2.3 trillion. This make Saudi Aramco the world’s second most valuable company by marker cap according lifeinsaudiarabia.net data. The main job of the company is to find oil reserves, extract, refine, and sell them in local and international markets. The Saudi government owns 98.5% of Saudi Aramco while 1.5% is owned by the general public.
SABIC
SAVIC is second the biggest petroleum company in Saudi Arabia that is active in intermediates and chemicals, polymers, industrial, metals, and fertilizers. The market cap of SABIC is around $83 billion and 70% of it’s shares are owned by Saudi Aramco.
SIPCHEM (Sahara International Petrochemical Company)
SIPCHEM is another petrochemical company related to the oil and gas industry in Saudi Arabia with a market capitalization of $9.95 billion. Saudi Arabia’s famous Zamil Group owns 8% of this compan’s shares while the rest are owned by the general public
Petro Rabigh
Petro Rabigh is the fourth biggest petroleum company in the oil and gas sector with a market cap of $8 billion. Petro Rabigh operates a capacity of 400,000 barrels with the refinery being located in the city of Rabigh Saudi Arabia and produces fuel oil, kerosene, gasoline, diesel, and naptha. Saudi Aramco owns 37.5% of it’s shareholding.
Yansab
Yansab is estimated to have an annual capacity of above 4 million MT or metric tons of various petrochemical products which makes is the 5 the biggest company in Saudi Arabia. Yansab has a market capitalization of 7,79 billion and 51% of it’s shares are owned by SABIC
source by:
Steve, Top 7 Oil and Gas Companies in Saudi Arabia, https://lifeinsaudiarabia.net/list-of-petroleum-companies-in-saudi/#Saudi_Aramco, accessed at November, 8 2023
Steve, Top 10 Countries with Highest Oil Reserves – 2023, https://lifeinsaudiarabia.net/top-10-countries-with-oil-reserves-2015/, accessed at November, 8 2023
