Annual Review 2017

DHAHRAN, August 17, 2018

We transform potential into opportunity by harnessing the vast reserves of energy contained in our people and our resources — enabling global economies to grow and thrive, and people around the world to live more mobile, productive, and meaningful lives.

In 2017, Saudi Aramco progressed a slate of oil and gas mega-projects and enhanced its global downstream network – making significant progress to fulfill its vision of becoming the world’s leading integrated energy and chemicals producer.

With oil and gas to remain a major part of the world’s long-range energy mix, Saudi Aramco also progressed solutions to secure safe, sustainable, and reliable supplies of energy while helping to meet the climate challenge. 

These achievements – and many others – are detailed in our 2017 Annual Review

Chairman's message

“Saudi Aramco is committed to playing its unique part in meeting the world’s energy needs today and tomorrow by continuing to invest wisely throughout the cycle and across the value chain, reinforcing our preeminent leadership position in the industry.”

Read the full message from HE Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, and Chairman of the Board of Directors. (PDF, 448KB)

2017 was an exceptional year for Saudi Aramco — made possible through the outstanding efforts of our talented men and women to safely, reliably, and responsibly deliver energy to the Kingdom and the world.

President's foreword

“We remained focused on our core objective of creating and sustaining value from the Kingdom’s hydrocarbon resource base for generations to come."

Read the full message from Amin H. Nasser, President and Chief Executive Officer (PDF, 446KB)

Key figures for 2017
 

332.9

billion barrels of oil equivalent proved reserves1 

Production 

13.1

million barrels of oil equivalent per day total hydrocarbon production2

10.2

million barrels per day crude oil with blended condensate produced3

12.4 

billion standard cubic feet per day raw gas processed

Refining

4,855

thousand barrels per day worldwide gross refining capacity

Delivering energy 

6,879

thousand barrels per day seaborne crude oil exports4

8.7

billion standard cubic feet per day natural gas supplied

936

million standard cubic feet per day ethane produced

993

thousand barrels per day NGL sales5

Safety 

0.02

Saudi Aramco lost-time injuries per 200,000 work hours 

People

70,762

employees, Saudi Aramco and wholly owned subsidiaries

Intellectual capital 

230

patents granted6

Global research

11

research and development centers and technology offices

1reserve figures represent the Kingdom's reserves in the fields operated by the company
2crude oil, condensate, natural gas, and NGLs (including ethane)
3includes Bahrain's share of the Abu Safah field
4includes blended condensate
5excludes sales on behalf of SASREF & SAMREF
6granted by the U.S. Patent and Trademark Office 

  • Our business

    Upstream

    We have prudently managed Saudi Arabia’s oil and gas reserves to maximize their long-term value for both the Kingdom and our company.

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  • Our business

    Downstream

    With a diversified, integrated, and robust business portfolio, our supply, trading, and marketing model will mitigate oil price volatility.

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  • Innovation

    Stories of progress

    On the frontiers of energy and innovation, groundbreaking work is underway to unlock the full potential of our energy resources.

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  • Citizenship

    Enhancing our commercial ecosystem

    By leveraging the immense promise of the Kingdom’s resources, we enable a thriving commercial ecosystem that benefits our business and the country.

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  • Innovation

    Powering innovation

    We originate impactful, innovative solutions to make our resources more dependable, sustainable, and valuable — for the benefit of our business, Saudi Arabia, and energy consumers around the world.

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