Saudi Aramco

“What is Aramco?” When asked whether it is an international oil company or a national oil company former Aramco CEO and former Saudi oil minister Ali al Naimi said, “I can tell you – and I’m not biased — that Aramco is no less than Chevron or ExxonMobil.” He had not quite answered the question. “We are a by-product of those companies; and we are different from, say, Kuwait National Oil Company,” Naimi continued.
Deputy Crown Prince Mohammed bin Salman, in charge of Saudi Arabia's reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to promote the world's top oil exporter as an investment destination.
When Saudi Aramco reveals a Western audit of its oil reserves, investors will be looking for two answers: How much oil and how much detail?
After news that King Salman of Saudi Arabia had altered the line of succession and leadership of Saudi Aramco, oil prices steadied.
Saudi Arabia shipped 5.7% less oil overseas last year.