Saudi Aramco : A Fully Integrated Global Enterprise

Vision: - To be a premium global conglomerate, with a clear focus on each of the businesses

Since our establishment in 1974, we have not stopped pursuing new solutions and pushing boundaries across the entire oil and gas value chain. We continue to strengthen our portfolio through technological advancements, operational excellence and by being a responsible corporate citizen wherever we set

Becoming a world-class energy company does have its privileges and requires a significant amount of commitment from a thriving leadership team. Fu Chengyu, the President of China National Offshore Oil Corporation joined the company over 30 years ago at its inception. He shared his vision of having a world -class energy company, by improving value creation capability, low-carbon competiveness, and sustainability. After Fu Chengyu was appointed President in 2003, the company experienced what some people would say “supernatural success”. The company developed from a domestic market to more than 20 countries and regions overseas, causing tremendous growth in revenues. By

Chevron Corp. one of the world’s leading integrated energy companies producing safe, reliable energy now and for the future invites you to its annual stockholders meeting to find out about its performance highlights, current innovations and services and its future plans.

British Petroleum is among the largest producers of oil and gas in the world. Headquartered in London, England it is one of only seven “supermajors” in the production of petroleum, in fact its performance in 2012 made it the sixth largest producer in its field and by market capitalization. It is also considered a vertically integrated company which operates in all areas of oil production including exploration, refining, distribution, and marketing. It has also recently expanded into biofuels and wind power. [2]

Aramco, an oil company based out of Saudi Arabia, developed the idea that, “if you produce a lot of oil at once, price goes down and more workers get paid which leads to less profit”. Aramco then realized they needed to step away from the free-market and start to operate through a monopolistic sense. Mohammad Massadegh, the first democratic leader of Iran, wanted oil profits. Mohammad planned to use though profits efficiently through helping Iran. Retaining oil profits for Iran put their economy in much better shape. After Mohammad, Reza Palavi stepped in and was eventually overthrown due to reinstating profits for oil. On the other side, Iraq and Saudi Arabia nationalized oil in 1972 which eventually lead to Saudi Arabia taking full control over Aramco. OPEC, created in 1960 to generate tax revenues and “even the playing field”, goal was to build help stabilize world oil prices. In hindsight the Saudi connection was built on indirect and economic imperialism.

Having been in the petroleum market for quite a while, Saudi Aramco has become a staple of a continuous success. However, operating in the environment of the global economy is challenging the organization into altering its traditional patterns of corporate management (Brockett and Rezaee 124). Particularly,

Since the previous spring Riyadh has been looking for the safe, secure and profitable investments in Asia and Silicon Valley. Trump’s Administration welcomed the Saudis money in the USA, and oil princes feel better with the president Trump than with Barak Obama who is blamed for the deal with Iran, the enemy of the kingdom. Thus, this May the kingdom’s sovereign wealth fund agreed to collaborate with Blackstone Group LP from New York City. The group purchased BioMed Reality Trust Inc, several real estate investment companies, stakes of Hilton Worldwide, Biomet, Versace etc., etc. This summer Blackstone Group LP got started taking care of $20 billion from Saudi Arabia. The next step will be an agreement between the U.S. and Saudi Defense Ministry for a package of about $110 billion. The new program of cooperation attracts $380 billion of the Saudis

Saudi Arabia is very well known for its reserves of oil and gas, holding the second largest oil reserves and the sixth largest natural gas reserves in the world.

Total S.A. (Total) is an integrated multinational oil and gas company headquartered in Courbevoie, France. As one of the the top ten oil companies in the world by production volume, Total is traditionally considered to be one of the six publicly owned companies comprising the “Supermajors”, or in less formal terminology, “Big Oil” (Rapier, 2016). With geographical and historical proximity to Africa and the Middle East, Total exercised deep cultural and national ties to create a srong value chain for regional oil and gas production and distribution. Today, with capabilities in power generation, transportation, refining, petroleum product marketing, chemical manufacturing, and international crude oil and product trading, Total

How is the company faring in its quest to make the world cleaner and safer for future generations? What implications might that have on Tysvar’s employees, their attitudes, ad job satisfaction?

Honam was established in 1976. It is a part of the Japanese conglomerates latte 's Koran Network. Honam also acquired Malaysia 's Titan Chemicals for $1.27 billion dollars in 2010. Their main headquarters is located in Soul South Korea. Honam is one of the largest industrial conglomerates in Korea; it has

Saudi Aramco is owned by the Saudi government, a fact which can sometimes stifle the work environment and the amount of dynamism of relationships.

Strong economic statistics and prosperous strategic financial positioning in the international market is the corner stone of any country’s international strategic positioning. Kingdom of Saudi Arabia, the third largest country of Asia after China and India, with population around 22 million owns a strong economic prosperity The growth of Saudi Arabian economy has been accelerated manifolds during second part of twentieth century. This nation building phenomenon is fortified with oil revenues segregated through the modernized institutes of establishment. Demographic studies reveal that with 3% population grown the Saudi folks will be doubled by 2020 and 65% of the total will fall in the ambit of less than twenty-five years. Following these demographics, stake holders are paying special attention in the education sector, healthcare facilities, infrastructure, and industrial and agricultural development. They have ample oil revenue that they are investing in these sectors. However, they have also considered domestic price for telecommunication, electricity and power and petroleum products with the intent of

The credit operation by the Aramco is very straightforward and easy to do. When the exporter has shipped the crude, an exporter presents documents evidencing the shipment to the advising bank (local bank of Saudi Arabia). If the documents match with the terms of the credit (including specified crude oil quantity and so on) the advising bank effects payment.