Saudi Aramco: the key facts | Business | The Guardian

Saudi Aramco: the key facts | Business | The Guardian:

"• Saudi Aramco is likely to be worth well over $1tn (£685bn). At that level it would be worth more than Apple, ExxonMobil and Facebook added together.

• The world’s largest oil and gas company was originally formed in 1933, with the involvement of Standard Oil of California - now known as Chevron.

• The group was part-nationalised in 1950 and its headquarters moved from New York to Dharan in Saudi Arabia. Aramco was fully taken into state hands 30 years later where it has jealously and secretly guarded the country’s 260bn barrels worth of oil reserves, which are rich and easy to produce."



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