Saudi Arabian Oil Company: SWOT Analysis & Company Profile by BusinessReview

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									Saudi Arabian Oil Company

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Saudi Arabian Oil Company: SWOT
Analysis & Company Profile


Reference code: BRGE096CP10-Q4

Published: Jun 2010




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Saudi Arabian Oil Company - SWOT Profile                                           Page 1
Saudi Arabian Oil Company

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Saudi Arabian Oil Company - Company Overview

Saudi Arabian Oil Company (Saudi Aramco) is one of the largest integrated oil companies in the world. The company is
wholly owned and operated by the Saudi Arabian Government. The company is engaged in gas processing and
transportation installations. It owns and operates an extensive network of refining and distribution facilities. Saudi
Aramco‟s business operations are classified into six business lines, namely, Exploration and production; Refining,
Marketing & International; Engineering and Project management; Operations services; Finance; and Industrial relations.
The company operates through affiliates, joint ventures and subsidiaries located in Japan, China, Singapore, Malaysia,
Netherlands, Republic of Korea, Egypt, the UAE, the UK, and US. Saudi Aramco is headquartered in Dhahran, Saudi
Arabia.




Saudi Arabian Oil Company - Key Facts

Saudi Arabian Oil Company, Key Facts

                                  P.O. Box 5000, Dhahran, ,
                                                                    Ticker Symbol, Stock
Corporate Address:                                                                             N/A
                                  31311, Saudi Arabia               Exchange



Telephone                         + 966 3 8720115                   No. of Employees           55,000



Fax                               + 966 3 8738190                   Financial Year End         N/A



URL                               www.saudiaramco.com



Industry                          Energy and Utilities , Power


                                  China, India, Japan, Philippines, Republic of Korea, Singapore, United Kingdom, Egypt, Saudi
Locations                         Arabia, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Saudi Arabian Oil Company - SWOT Profile                                                                             Page 2
Saudi Arabian Oil Company

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Saudi Arabian Oil Company - Business Description

Saudi Arabian Oil Company (Saudi Aramco) is a state-owned integrated oil company. The company is engaged in the
exploration, production, refining, marketing and shipping of crude oil and natural gas. The oil reserves of Saudi Aramco
represent over one-fourth of the world‟s oil reserves. The company‟s operations are divided into six business lines
namely, Exploration and Producing; Refining, Marketing and International; Engineering and Project management;
Operations Services; Finance and Industrial Relations.

The company‟s Exploration and Producing business line includes Northern area and Southern area oil operations, drilling
and workover, petroleum engineering and development and gas operations. Its Refining, Marketing and International
business line includes refining and NGL fractionation; Marketing, supply & joint venture coordination; and pipelines,
distribution & terminals.
The company‟s Engineering and Project Management business line includes engineering services, project management,
new business development, KAUST development, KAUST project management, and RT Integrated refining &
petrochemicals.

Its Operational Services business line includes industrial services, material supply, and information technology, where as
its Industrial relations business line includes community services, employee relations and training, medical services,
safety and industrial security, and Saudi Aramco affairs. Its Finance business line includes controller‟s treasury.

During 2008, the company‟s crude oil production per day was 8.9 million barrels; gas production was 8.3 billion cubic feet
per day and natural gas liquids (NGL) production was 1.0 million barrels per day, crude oil production was 3.26 billion
barrels per annum. It drilled 11 oil exploration wells, 12 gas exploration wells, 396 oil development wells and 78 gas
development wells in 2008. During 2008, the company produced three trillion cubic feet gas, and 402.2 million barrels of
natural gas liquids products. Its gas reserves accounted to 263 trillion cubic feet during 2008.

The company operates four domestic refineries, which are located in Riyadh, Ras Tanura, Yanbu and Jiddah. Saudi
Aramco partners with Shell (Saudi Aramco Shell Refinery Company in Jubail) and ExxonMobil (Saudi Aramco Mobil
Refinery Company in Yanbu) in the refining sector.

The company has a multi-channel distribution system comprising pipelines, marine crude oil tankers and product carriers.
The company operates 10,668 miles of pipelines to transport oil, gas and refined products from production plants to
downstream processing plants, export terminals and refineries. It has a pipeline network of 20,000 km to supply crude oil
to various locations. Its major pipelines include the East-West crude oil, NGL pipeline, and the Dhahran-Riyadh-Qasim
multiproduct pipeline in Saudi Arabia. Through its shipping subsidiary, Vela International Marine, the company operates
one of the world's largest fleets of supertankers.

The company conducts its international operations through its affiliates and joint ventures. These include Motiva
Enterprises, Showa Shell Sekiyu K.K., The Arab Petroleum Pipeline Co., Fujian Refining and Petrochemical Company
Ltd., Sinopec SenMei (Fujian) Petroleum Company Ltd., TEAM Terminal B.V.

Saudi Aramco‟s affiliate, Showa Shell Sekiyu K.K. develops products related to alternative energy including solar cells,
natural gas, hydrogen and other materials. The company owned 15% interest in Showa Shell Sekiyu.




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Saudi Arabian Oil Company - SWOT Profile                                                                        Page 3
Saudi Arabian Oil Company

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Saudi Arabian Oil Company - Major Products and Services

Saudi Arabian Oil Company (Saudi Aramco) is a state-owned oil and gas company. The company's key products and
services include the following:

Saudi Arabian Oil Company, Major Products and Services
Products:

Crude Oil

Natural Gas

Natural Gas Liquids

Lubricants

Refined Products

Services:

Shipping
Source: Annual Report, Company Website, Primary and Secondary Research




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Saudi Arabian Oil Company - SWOT Profile                                                                Page 4
Saudi Arabian Oil Company

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