Among the world’s most recognizable brands, Saudi Aramco is one of the biggest in the oil industry. Its headquarters are located in Dhahran, Saudi Arabia. It is headquartered in Dhahran and is one of the world’s largest companies by revenue. Listed below are a few things to know about this brand. Continue reading to learn more about this famous company. And remember, if you’re curious about its products, the best place to begin is with the company itself.
Despite its slump in the first quarter of 2018, Aramco is still the most valuable brand in Saudi Arabia. According to Brand Finance, its brand value increased by 16%, reaching US$43.6 billion. The company’s ranking in this list represents 50% of the brand value of the entire Saudi Arabian economy. While oil prices declined after the COVID-19 pandemic in 2014, the crisis in natural gas encouraged businesses to use crude instead of natural gas.
Aramco’s main business is pumping oil from the ground and selling it to the world market. Its largest customers are the U.S. and China. It also explores for oil and refines it into various petroleum products. Besides selling oil, it also invests in sports like Formula 1 and golf. In recent years, it has also expanded its brand and has diversified into many different sectors.