research report

SUBJECT: Research Report # 1: Saudi Aramco

This research report outlines several aspects regarding Saudi Aramco Oil Company which provide a profile and overview of the company.

Business Overview

Saudi Aramco Company operates within the energy and fuel industry dealing in supply of petroleum and natural gas. The main product portfolio entails petroleum, natural gas and other petrochemicals. The company’s main headquarters is at Dhahran, Saudi Arabia .The company has several branches in form of subsidiaries and refineries in China, India, South Korea, Taiwan, Japan, Philippines, Europe, and the Americas.

History

The company is eighty-five years old having been established in 1933. As one of the leading oil and gas companies in the world, the company has achieved tremendous success and accomplishments. One of its achievements was increasing buying and selling of 1.5 million barrels of chemicals to promote domestic trading. In 2016, the company decided to go public by offering 5% of the company in the IPO at a price of $ 100 billion.

Financials

In the first six months of 2017, the company made revenue of $ 33.8 billion above some of the leading companies. The company’s finances have been on a steady rise especially owing to the initial public offering and controlling majority of Saudi Arabia’s oil and natural gas industry. Furthermore its management is keen at keeping the company’s debt to a minimum. Ever since announcing to list in the public in 2016, there have been speculations that the 5 % share offer is likely to generate a valuation of $ 2 trillion.

People

The company has over 65,000 employees and its major owner is the Saudi Arabian government which owns a hundred percent stake. It is run by Amin H. Nasser, President and CEO, and Khalid A. AL-Falih, Chairman and Energy Minister. The company’s employees enjoy a competitive compensation and benefits package. The packages entails a basic salary, incentive plan, annual travel allowance, annual vacation, severance award, education assistance plan, free medical care, housing plan and career development among others.

Competitors

Aramco is at the top tier as it has complete ownership of the Port Arthur refinery in America which is large market (Elass, 2018). The company’s major competitors include ADNOC, Exxon Mobil, Total, ConocoPhillips, Chevron, Devon, Shell, Chesapeake Energy, LUKOIL, and Marathon Oil who mostly deal in the oil and natural gas industry. In particular, ADNOC is Aramco’s biggest competitors and has net revenue of over $ 60 billion and an expansive workforce of 55,000 employees. In the first quarter of this year the company profits increased by 12 percent.

Employments prospects

The company is currently hiring in several positions including Programs Development & Evaluation Analyst, Data Scientist, Facilities Planning Engineer and HR Information Systems Analyst. Employees at the company receive a salary based on skills and qualifications, and benefits covering retirement, savings and insurance as well as healthcare for both in-patient and outpatient coverage. The company mostly advertises on its main website www.aramco.jobs and other job sites such as Indeed.

My Connection

I see myself fitting well into the company as its values and culture align with my own. The company is in a great position to change the world as it generates energy for commercial and consumer use. The company also supports communities through its Corporate Social Responsibility which enhances employee satisfaction and motivation by working with an ethical company.