Entity: ARAMCO
ARAMCO, short for Arabian American Oil Company, is a major state-owned petroleum and natural gas company and the national oil company of Saudi Arabia. It is one of the world's most profitable companies, surpassing tech giants like Apple and Alphabet.
ARAMCO
Etymology
ARAMCO is an abbreviation for Arabian American Oil Company.
Definition
ARAMCO, short for Arabian American Oil Company, is a major state-owned petroleum and natural gas company and the national oil company of Saudi Arabia.
Historical Context
Founded in 1933, ARAMCO played a crucial role in the development of Saudi Arabia's oil industry and economy. It has since become one of the world's most profitable companies, surpassing tech giants like Apple and Alphabet.
Cultural Significance
ARAMCO's impact extends beyond the oil industry, influencing the economic and geopolitical landscape of the Middle East and the world at large. Its operations have shaped global energy markets and international relations.
Related Concepts
ARAMCO is often associated with the oil and gas sector, state-owned enterprises, and the economic development of Saudi Arabia.
See Also
ARAMCO, short for Arabian American Oil Company, is a prominent state-owned petroleum and natural gas company based in Saudi Arabia.