Saudi Arabian Oil Co
SAU:2222
Saudi Arabian Oil Co's latest stock split occurred on May 9, 2023
The company executed a 11-for-10 stock split, meaning that for every 10 shares held, investors received 11 new shares.
Before the split, Saudi Arabian Oil Co traded at 35.805 per share. Afterward, the share price was about 32.3981.
The adjusted shares began trading on May 9, 2023. This was Saudi Arabian Oil Co's 3rd stock split, following the previous one in May 15, 2022.
CMB
RNT
XELB
Saudi Arabian Oil Co
Glance View
In the heart of the Arabian desert, among imposing dunes and sweeping horizons, Saudi Arabian Oil Co., commonly known as Saudi Aramco, has carved its place not just as an oil giant but as a pivotal player in the global energy narrative. Established in 1933 and primarily owned by the Kingdom of Saudi Arabia, Aramco's journey from its humble beginnings to becoming a juggernaut in the petroleum sector is a tale intertwined with the country's own transformation. It manages the vast oil reserves buried beneath the Saudi sands and boasts a sophisticated infrastructure of refineries, pipelines, and shipping routes that help transport its liquid gold to every corner of the globe. The company seamlessly integrates various stages of oil production, from exploration and extraction to refining and distribution, ensuring a smooth operational flow that maximizes efficiency and scale, which are critical to its profitability. Aramco's business model is rooted in its vast reserves of crude oil, the largest known in the world. Leveraging cutting-edge technology and an experienced workforce, the company engages in the upstream business of exploring and producing crude oil and gas and the downstream activities that include refining, distribution, and marketing of petrochemicals and derivatives. This vertical integration not only fuels the kingdom's economy but also provides Aramco with a buffer against volatility in oil prices through diversification. Beyond petroleum, the company is ambitiously investing in research on sustainable and alternative energy sources, recognizing the shifting currents towards greener solutions. This strategic vision positions Aramco at the forefront of both contemporary energy demands and future growth prospects, solidifying its status as a cornerstone of the global energy supply chain.
You don't have any saved screeners yet