Saudi Aramco Essays - 1104 Words

Saudi Aramco The largest world supplier oil company is Saudi Aramco. It is the most profitable company on the earth. Since it is the most powerful oil company, it has a great impact on the world economy. As a result, a strong international relationship was built with the Kingdom of Saudi Arabia. In addition, the strong developing of international relationship with other industrial countries resulted in massive contributions to the politics, economy, and many different aspects. In 1933, Saudi government bestowed oil concession to California Arabian Standard Oil Company (Chevron). The main factor for this grant was to explore the oil in the eastern region of the Kingdom of Saudi Arabia. After discovering a huge amount of oil, part of the†¦show more content†¦Therefore, the Arab Peninsula was not like other Arab countries which were colonized. Arab Peninsula which eventually became Kingdom of Saudi Arabia remained relinquished with no boundaries. After King Abdul Aziz who was supported by G reat Britain united Arabs and defeated the hostiles in quarter of century of severe wars began to search for investments in order to reinforce his economy. He was urging British Petroleum to explore the oil in Saudi Arabia while the British Petroleum company was negotiating with him not for interest but for preventing other companies to enter this area. However, a former British official who had left his service and converted to Islam became a loyal adviser for King Abdul Aziz, John Philby, and so he did a great job bringing foreign companies to the Kingdom. In fact, he was the one who suggested opening a competition among the oil companies. Taking that suggestion, King Abdul Aziz signed a sixty years oil concession agreement with Chevron in 1933 covering the whole eastern region of Saudi Arabia. Faced with such difficulties exploring job, Chevron had to sell 50% of the concession to Texaco. Surprisingly, that area became the richest oil area, and it still is even today. Interconnecting with the USA: It was vital to nationalize Chevron and Texaco due to many factors. First, the two companies were concerned that the Nazi move might come through the Persian Gulf. Another factor was theShow MoreRelatedA Report On Saudi Aramco844 Words   |  4 Pageshe is an IT Analyst at Saudi Aramco, and it’s an oil organization there. He utilizes PCs and related frameworks to plan new IT arrangements, change, upgrade or adjust existing frameworks and coordinate new gimmicks or changes, all with the point of enhancing business productivity and benefit. He has specialized mastery and clear experiences into current business rehearses. Saudi Aramco is a completely coordinated worldwide petroleum endeavor headquartered in Dhahran, Saudi Arabia, partaking in investigationRead MoreSaudi Aramco : About The Company3890 Words   |  16 PagesSAUDI ARAMCO About the Company Saudi Arabian Oil, also known as Saudi Aramco, is an oil gas company centered in Dhahran, Saudi Arabia. It is one of the world’s most valuable and profitable company with an estimated worth of approximately 10 trillion US dollars, as reported by the Financial Times. The company not only has the largest oil reserves (approximately 260 billion barrels), but also has the largest daily production of oil (reference). The company has become a world leader in hydrocarbonRead MoreSaudi Aramco2542 Words   |  11 PagesSaudi Aramco (Saudi Arabian American Oil Co) Eman Yanes, Student ID: H00028866 Final Project Int. Business Emerging Markets Liverpool University May, 2013 1 Abstract: â€Å"Saudi Aramco-Saudi Arabian American Oil Co† was an American global Energy company that entered the Saudi market in 1933 then became 100% Saudi company in 1988, to end up in 2012 as the biggest company in the world. This dramatic shift had historical and political circumstances with changed economic conditions. The Read MoreStudy of the Saudi Aramco Value Chain4828 Words   |  20 PagesStudy of the Saudi Aramco Value Chain Study of the Saudi Aramco Value Chain October 2010 Company overview: The Saudi Arabian Oil Company (Saudi Aramco) is a government-owned entity (since 1988 fully government-owned) and the world’s largest oil company in terms of output and managed natural crude oil resources. The company specializes in the exploration, production and distribution of crude oil, petrochemicals and natural gas. Saudi Aramco was established 1933 when Saudi Arabia signed a concessionRead MoreStrategic Management Analysis of Saudi Aramco Ltd.1671 Words   |  7 PagesTo: Prof. Dr. M. Mahmodul Hasan. Course Instructor, Faculty of Business, AIUB.    Re: Submission of Term Paper on Saudi Aramco.    Dear Sir, It is a grand contentment for us that we have been capable to submit the report. It’s been an enormous practice for us to bring about such a job and we took pleasure in the whole term paper making actions. We tried our degree best with our knowledge to make a full pledged report by analyzing all the available information. We hope that we have fulfilled all theRead MoreSaudi Aramco With Shell And Bp3084 Words   |  13 PagesIntroduction: In this assignment I shall be comparing Saudi Aramco with two major non-MENA companies. The two non-MENA companies are Shell and BP. The reason as to why I have chosen to compare Saudi Aramco with Shell and BP is because these three companies operate within the same industry therefore I shall be comparing and contrasting them in many similar ways, which you shall see later on. To begin with, I shall give a brief introduction on each company, and then I will say how they are similarRead MoreSaudi Aramco : A Fully Integrated Global Enterprise1204 Words   |  5 PagesCompany: Saudi Aramco Headquarters: Saudi Aramco is headquartered in Dhahran, between the two cities Dammam and Al-Khobar in the Eastern province of Saudi Arabia on the coast of the Arabian Gulf. Number of Employees: Employs more than 61,000 employees worldwide from 77 countries. 2013 or 2014 Profit/Loss: Saudi Aramco is by far the biggest energy company in the world, generating more than $1 billion a day in revenues. Saudi Aramco s value has been estimated at anywhere between US$1.25 trillionRead MoreSaudi Aramco Leadership Assessment1445 Words   |  6 PagesSaudi Aramco Leadership Assessment Introduction Organizations whose cultures are tightly integrated to cultural, societal and political norms and values often face a significantly greater series of challenges in implementing change management and retaining agility in the midst of market turbulence. Saudi Aramcos culture is a polyglot of cultural, societal and political norms, unified under the Saudi Arabian series of cultural constraints and values. While Saudi Aramco is a global force in oilRead MoreA Research on Saudi Aramco Company1183 Words   |  5 PagesBackground: Saudi Aramco Company is one of the worlds top corporations with a valuation in excess of $8 trillion dollars. However, as a result of the Kingdom of Saudi Arabias ownership in the company, the corporate culture is less vibrant than many other firms. In order to improve efficiency and performance, Saudi Aramco needs to enhance quality and productivity through operations. Thus, to uncover specific sets of issues, it will be necessary to institute primary research. Assessment Process: Read MoreStudy of the Saudi Aramco Value Chain4842 Words   |  20 PagesStudy of the Saudi Aramco Value Chain Study of the Saudi Aramco Value Chain October 2010 Company overview: The Saudi Arabian Oil Company (Saudi Aramco) is a government-owned entity (since 1988 fully government-owned) and the world’s largest oil company in terms of output and managed natural crude oil resources. The company specializes in the exploration, production and distribution of crude oil, petrochemicals and natural gas. Saudi Aramco was established 1933 when Saudi Arabia signed a concession