Saudi Aramco
Saudi Aramco
Community score
moreThe company known as Saudi Aramco was incorporated in 1933, initially under the name California-Arabian Standard Oil Company, and later rebranded as the Arabian American Oil Company. It has its headquarters in Dhahran, Saudi Arabia. Saudi Aramco operates principally in four business categories: Upstream, involving exploration, drilling, and production of crude oil and natural gas; Downstream, which includes refining, trading, distribution, and marketing of oil products; Chemicals, encompassing the production and marketing of petrochemical products; and Renewable Energy, focusing on initiatives in renewable energy and energy efficiency. While Saudi Aramco is the primary brand, it has a number of significant subsidiaries and joint ventures, like Motiva Enterprises, S-Oil in South Korea, and Fujian Refining & Petrochemical Company (FREP), which are integral to its business operations. The company's products and services are sold across the globe, solidifying Saudi Aramco as a major supplier of oil to continents such as Asia, Europe, and North America. (Powered by AI)
To ensure strong institutions and the well-being of society, governments spend a considerable amount of the state's budget on public goods and services, which are funded by taxes paid by individuals and corporations1. The statutory corporate tax r...
The oil and gas sector is known for poor labour practices in the form of unsafe working conditions for staff and contractors, excessive working hours, bonded labour, lack of adequate protective equipment, etc.1;p10. As of 2021, 50 million (Mn) pe...