$1.80T
Amin H. Nasser
Dhahran, Saudi Arabia
1933
Saudi Arabian Oil Group, commonly known as Saudi Aramco, is a state-owned petroleum and natural gas company based in Dhahran, Saudi Arabia. It is one of the largest companies in the world by revenue and regularly reports the highest annual net income in global corporate history.
Saudi Arabia grants oil concession to Standard Oil of California (Socal).
Commercial oil is discovered in Dhahran, launching Saudi oil production.
The Saudi government completes its buy-out of Aramco's assets.
Aramco goes public on Tadawul exchange, raising a record $29.4 billion.
Aramco reports the largest annual profit ever recorded by a public company.