① Saudi Aramco, the Middle Eastern petroleum giant, ranks first in the world in terms of proven reserves; ② Saudi Aramco's oil and gas reserves in 2022 are about 259 billion barrels of oil equivalent, which is 15 times that of the second place.
On June 27th, Caijing News (Editor Li Lin/Intern Editor Chen Yujia) reported that Saudi Aramco, the Middle East oil giant, continued to rank first in proven reserves worldwide, with reserves about 15 times that of ExxonMobil, which ranks second. In terms of product structure, the operating income of 10-30 billion yuan products was 401/1288/60 million yuan, respectively.
According to German data collection and visualization online platform Statista, the global oil and gas reserves are expected to be approximately 1.56 trillion barrels of oil equivalent in 2022, with Saudi Aramco accounting for about 259 billion barrels of oil equivalent. In contrast, Saudi Aramco's reserves exceed the total of the six international energy giants behind it, including ExxonMobil, Chevron, TotalEnergies SE, Shell plc, BP and Italian Eni. ExxonMobil ranks second with reserves of 17.7 billion barrels of oil equivalent, followed by Chevron with 11.2 billion barrels.
Although Saudi Aramco tops the world in reserves, Statista emphasized that Saudi Aramco's reserve data is limited by its concession terms, and its exploration and development data in some regions are subject to certain restrictions. Among the six international energy giants behind it, including ExxonMobil, Chevron, TotalEnergies SE, Shell plc, BP and Italian Eni, only BP, Shell and TotalEnergies SE have so far commented on the IEA’s call.
Saudi Aramco is one of the world's largest oil companies and the most valuable energy public company in the world, with a total market value of nearly $2 trillion, mainly engaged in oil exploration, development, production, refining, transportation and sales.
With its huge reserves, Saudi Aramco's revenue is also of the same level. According to the company's annual financial performance, the state-owned oil giant is the world's most profitable company, with a profit of $716.2 billion from 2016 to 2023.
According to Statista, Saudi Arabia has one of the world's largest oil reserves, accounting for about one-fifth of the world's oil sources.
Although Saudi Aramco ranks first in reserves worldwide, Statista emphasized that Saudi Aramco's reserve data is limited by its concession terms, and its exploration and development data in some regions are subject to certain restrictions.
On July 2023, the US Energy Information Administration released a study stating that due to the economic impact of the pandemic, the proven oil reserves held by publicly traded companies fell by 9% in 2020. Then, in 2021, although reserves rose slightly, by 2022, due to the exit of some major oil companies including TotalEnergies and BP from the Russian market, there was again a decrease in reserves, with total proven reserves reported by exploration and production companies falling by 12 billion barrels of oil equivalent. Nonetheless, Saudi Aramco’s reserves remain vast. According to the company's annual financial report, the company experienced a 2% decrease in reserves during this period.
According to research, the proven international oil and gas reserves of 187 publicly traded exploration and production companies decreased by 560 million barrels of oil equivalent in 2022. According to Saudi Aramco's annual financial report, the company experienced a 2% decrease in reserves during this period.
On June 2, 2024, Saudi Aramco began selling stocks worth more than $10 billion, the company's second public offering. The pricing for the secondary offering was ultimately set at SAR 27.25 ($7.26) per share. After the new shares were issued, Saudi Aramco's allocation to international investors reached 0.73% of its total shares.