Saudi Aramco named No. 1 Oil Company

December 17, 2008


Saudi Aramco has been named the No. 1 oil company in the world by Petroleum Intelligence Weekly (PIW).

 

It is the twentieth consecutive year that the Saudi company has topped the list.

The rankings were based on several factors, including oil reserves and production, natural gas reserves and output, refinery capacity and product sales volumes. Data from more than 130 companies was examined.

PIW’s annual rankings are recognized industry-wide as the leading source of comparative performance assessments of the world’s oil companies.