Aramco Stock Is Super Hard to Get. A Few ETFs Own Some. (2024)

FAQs

Can Americans buy Saudi Aramco stock? ›

Foreigners who want to invest in Saudi Arabian stocks generally work through one of the global institutions that do business there. Limits on foreign ownership prevent foreigners from gaining majority control of Saudi companies.

What could be the world's largest initial public offering will be harmed if oil company Saudi Aramco does not list its shares on the New York Stock Exchange (NYSE), according to a leading financial consultant.

The customer places an order via their broker to buy a stock or ETF, and the broker carries out those instructions. If you decide to purchase shares in an ETF that holds Saudi Aramco, you instruct your broker to buy the number of shares you request at the price you set, and it carries out those instructions.

Just 1.73% of the company, a narrow sliver, is traded on Saudi Arabia's Tadawul stock market since the company's 2019 initial public offering.

If you are looking for a good stock market investment, buying Aramco stock may be a good idea. Aramco stock price keeps on an uptrend plus it is highly profitable and brings profit. The Aramco company with international importance. Aramco shares have strong growth potential and a bright future ahead of them.

Saudi Aramco's largest and dominant shareholder is the Saudi Arabia government, which owns 94.2% share, followed by Public Investment Fund, Saudi Arabia sovereign wealth fund, which owns another 4.0%.

The Saudi government directly owns about 90% of Aramco, with a further 8% held by its sovereign wealth fund. Aramco fell as much as 4.7% on Tuesday. The stock was down 2.4% at 2:43 p.m. in Riyadh, giving the world's largest energy company a market value of roughly $2.1 trillion.

Saudi Aramco's stock symbol ticker is (TADAWUL: ARAMCO) and its shares began trading at SAR32.

A 4% stake in oil major Saudi Aramco has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday. The state remains Aramco's biggest shareholder, owning 90.18% of the company.

Is Aramco overvalued? ›

Saudi Aramco Stock Is Incredibly Overvalued As A Company (Private:ARMCO) | Seeking Alpha.

According to Saudi Aramco's latest financial reports and stock price the company's current number of shares outstanding is 219,814,084,507. At the end of 2022 the company had 199,830,985,915 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.

Apple continues to be the largest listed company in terms of the highest market capitalization.

By revenue, Saudi Aramco can't compete with the likes of Walmart, which recorded US$500 billion in business in 2018, or Shell, which topped US$311 billion. But profitability is where it counts, and Saudi Aramco thumps both company's respective US$10 billion and US$13 billion in profit.

Located in Houston, Texas, our core services include managing a network of three U.S. research centers/technology offices in Houston, Boston, and Detroit; identifying upstream and downstream technologies, best practices and potential technology partners for Saudi Aramco; sourcing goods and services, engineering ...

VP of Product salaries at Saudi Aramco can range from $125,599 - $433,000. The Product Department at Saudi Aramco earns $20,880 more on average than the Business Development Department. Last updated 9 days ago.

Total Pay Estimate & Range

The estimated total pay for a AW139 Captain at Saudi Aramco is $9,594 per month. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $6,874 per month.

The highest-paying job at Saudi Aramco is a Senior Electrical Engineer with a salary of ₹53.5 Lakhs per year.

Aramco's CEO Amin Nasser said in the company's full-year earnings statement that the eye-popping $161.1 billion in profits recorded in 2022 were a result of stronger crude oil prices, higher volumes sold and improved margins for refined products.

Individual investors can buy/sell the Company's shares on the Exchange by opening a brokerage account with one of the Exchange members. Please refer to the Members directory on the Securities Depository center Company (Edaa) for the list of Exchange members.

Why invest in Aramco? ›

On its own, Aramco is an impressive business and an enticing investment opportunity. It makes more profit than any other company; it made $111 billion in profit in 2018, while Apple with $59.5 billion was second. Aramco pumps more oil at lower costs than any competitor.

Saudi Aramco has overtaken Apple as the world's most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year. Aramco is now worth about $2.43 trillion, compared with Apple's $2.37 trillion, according to data from Refinitiv.

Saudi Aramco reports record profit of $161.1 billion in 2022, more than Google, Amazon, Microsoft and Tesla combined.

While the market cap of Saudi Aramco in the last few months rallied from $1.90 trillion to $2.4 trillion, Apple has seen market cap fall from $2.9 trillion to $2.6 trillion.

The huge Saudi Arabian sovereign fund has bought stakes in companies such as Boeing, Facebook, Disney, Marriott and Starbucks. Saudi Arabia's international investment strategy has also included two US banks, Citigroup and Bank of America.

Saudi Aramco has been in the global fuel retail business for decades through global partnerships – Motiva in the United States, Showa-Shell in Japan, S-Oil in South Korea, and FREP and SSPC in China are examples of the Saudi Aramco presence in the fuel retail arena with more than 11,000 operating stations globally.

Saudi Arabia stays top crude supplier to China in 2022, Russian barrels surge | Reuters.

Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia. It is the world's most profitable company, eclipsing even tech giants such as Apple (AAPL) and Alphabet's Google (GOOGL).

By the 1950s, Aramco was owned by four shareholder companies and based in New York. In addition to Standard Oil of California, the shareholders were Texaco, Standard Oil Company of New Jersey, and Socony Vacuum (now Mobil).

All Saudi nationals, GCC nationals and certain foreign nationals resident in Saudi with either a bank account or an investment portfolio with one of the registered banks.

Who is the biggest purchaser of Saudi oil? ›

China is Saudi Arabia's biggest trading partner and a source of growing investment. It's also the world's biggest buyer of oil.

Aramco's biggest customers are in Asia, where it sends over 70 percent of its exports. The company is the biggest supplier to six major markets in the continent – China, India, Japan, South Korea, and the Philippines.

The Saudi Arabian Oil Company (Aramco) remains on track to pay out a dividend of $78 billion in 2023, compared to $75 billion in 2022 and an equal amount in 2021, the company said on its first quarter of 2023 webcast.

Liquidity and Debt Structure

Strong Liquidity: As of end-2021, Saudi Aramco's cash and cash equivalents (about USD80 billion) were more than sufficient to cover one-year debt maturities (about USD21 billion, excluding leases).

Saudi Aramco's Abqaiq facility is the world's biggest oil processing and crude stabilisation plant. Image courtesy of Saudi Arabian Oil Co.

The largest oil in the world is Aramco, with a 2022 revenue of $604.3 billion. As of 2022, the global oil industry has a market size of $6.819 trillion. Over 6.8 billion barrels of oil are produced in the U.S. each year.

Elon Musk says Tesla can eclipse the combined value of Apple and Saudi Aramco, the world's most valuable companies. The market thinks that's ludicrous. For context, the two companies' combined market cap stands at around $4.4 trillion, as of Wednesday, while Tesla's sits just below $700 billion.

Is Saudi Aramco bigger than Microsoft? ›

Saudi Aramco is now the world's second-largest company in the world after overtaking Microsoft.

With a market capitalization of 2.64 trillion U.S. dollars as of April 2021, Apple was the world's largest company in 2022.

Oil Production

The United States is by far the world's biggest producer of oil, having produced around 16.6 million barrels of oil on average per day in 2021. Saudi Arabia and Russia follow head to head in second and third place, having produced around 11 and 10.9 million barrels of oil per day, respectively.

Frequently asked Questions: What is the 1 largest company in the world? The largest company in the world by revenue is currently the Saudi Arabian Oil Company (also known as Saudi Aramco), a state-owned oil and gas company based in Saudi Arabia.

You can't actually invest in Saudi Aramco, but you can invest in oil companies like it. Saudi Aramco is a petroleum and natural gas company, headquartered in Dhahran, Saudi Arabia. It now holds the title of the world's most valuable company.

Venezuela - 303.806 Billion Barrels

Venezuela holds the largest oil reserves globally, with over 300 billion barrels mainly located in the Orinoco Belt at the southern end of the eastern Orinoco River Basin.

The investor will need to be a Saudi or GCC national or a registered Saudi Arabian resident and will also need to meet conditions set out by the Securities Depository Center Company (“Edaa”). The following investors are eligible to open investment portfolios: Natural persons. Joint stock and limited liability companies.

U.S. direct investment in Saudi Arabia is led by nonbank holding companies, wholesale, and mining trade. Saudi Arabia's FDI in the United States (stock) was $6.2 billion in 2019, down 10.0% from 2018.

Which is the best share to buy in Saudi Arabia? ›

Stock market return, percent

For that indicator, we provide data for Saudi Arabia from 1995 to 2021. The average value for Saudi Arabia during that period was 11.17 percent with a minimum of -36.98 percent in 2007 and a maximum of 111.17 percent in 2005. The latest value from 2021 is 36.72 percent.

The Saudi Arabia Stock Market (TASI) is expected to trade at 10890.49 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 10053.88 in 12 months time.

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly. Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, the company said Thursday.

Foreigners are allowed to own real estate, but are subject to approval of the licensing authority. Foreign investors can purchase property for construction and investment, but this also requires prior approval. Foreign ownership is forbidden in Mecca and Medina.

DUBAI/BENGALURU (Reuters) - Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly $10 billion in U.S.-listed stocks.

The states that outclass whole nations economically

America's GDP hit a staggering $20.49 trillion in 2019, beating every other economy on the planet. The US is so incredibly wealthy, many states are actually richer than entire countries, including affluent nations such as Switzerland and Saudi Arabia.

In 1951 Aramco found the first offshore oil field in the Middle East. In the 1970s and '80s, control gradually passed to the Saudi Arabian government, which eventually took over Aramco and renamed it Saudi Aramco in 1988.

Saudi Aramco's IPO

Saudi Aramco went public with an IPO in 2019, raising a record $25.6 billion by selling three billion shares.