KEYFACT Energy
Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, today announces its intention to proceed with an initial public offering on the Main Market of Tadawul.
Saudi Aramco traces its roots to 1933 when a deal was struck between Saudi Arabia and the Standard Oil Company of California, which later became Chevron, to survey and drill for oil, creating a new firm to do so.
Between 1973 and 1980, Saudi Arabia bought the whole company.