Institution

Saudi Aramco

1933 · 20th century · Also known as Aramco, Arabian American Oil Company

Saudi Aramco is the state oil company of Saudi Arabia and one of the largest companies in the world. It began as the California Arabian Standard Oil Company, formed in 1933 under a concession granted by King Abdulaziz, struck commercial oil at Dammam in 1938 and was renamed the Arabian American Oil Company in 1944. The Saudi government took full ownership by 1980, and a small share of the company was listed on the Riyadh stock exchange in 2019.

Saudi Aramco
Image: Saudi Press Agency (SPA) · CC BY-SA 4.0 · Wikimedia Commons

Mentioned in 1 state history

Saudi Arabia

See also

Cite this entry
APA
The Epoch Institute. (2026). Saudi Aramco. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/saudi-aramco
MLA
“Saudi Aramco.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/saudi-aramco. Accessed .
Chicago
The Epoch Institute. “Saudi Aramco.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/saudi-aramco.
Harvard
The Epoch Institute (2026) ‘Saudi Aramco’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/saudi-aramco (Accessed: ).

Last reviewed October 2026Random entry ↻