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Aramco
Aramco is a integrated oil and gas / national oil company based in Dhahran, founded 1933; the Altss profile covers its classification, headquarters,...
Aramco
Aramco Ventures is a corporate venture arm. It has made one investment. The firm focuses on biotechnology.
General information
Firm type
Integrated Oil and Gas / National Oil Company
Year founded
1933
Location
Region
Middle East
Country
Saudi Arabia
City
Dhahran
Corporate office
Dhahran, Saudi Arabia
Sector focus
Frequently asked questions
Who makes investment decisions at Aramco?
Investment decisions are made by the company's executive management, led by CEO Amin Nasser. The board includes Saudi government officials and independent directors. Investment strategy is closely aligned with the Public Investment Fund and Saudi Vision 2030. (public record)
Does Aramco operate as a family office or a sovereign fund?
Aramco is an integrated state-owned energy company, not a family office. Its surplus capital is directed to the Public Investment Fund, which acts as Saudi Arabia's sovereign wealth fund. The company's own investment arm, Aramco Ventures, operates as a corporate venture capital unit. (public record)
What is Aramco's known venture investment strategy?
Aramco Ventures focuses on industrial technology, sustainability, and mobility sectors. It targets late-stage startups and growth equity. Investments include a $1B commitment to a U.S.-based industrial tech fund and direct stakes in hydrogen and carbon capture firms. (per Reuters, August 2024)
Does Aramco invest in public equities or only direct deals?
Aramco primarily invests directly in energy and industrial assets, though its venture arm participates in equity rounds. The company also holds publicly traded shares of its own stock via the Tadawul exchange. Its investment posture is predominantly direct and strategic. (public record)
Where does Aramco's underlying wealth originate?
The wealth originates from Saudi Arabia's vast oil reserves, which were discovered in 1938. Aramco's revenue comes from crude oil production, refining, and petrochemical sales. The company reported net income of $161B in 2022, the highest of any corporation globally. (public record)
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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