Founded in 1930, Saudi Aramco is the largest oil company in the world, leading in crude oil production and exports, as well as natural gas liquids. It has diversified its business by acquiring companies like SABIC and ARLANXEO, aiming to strengthen its downstream capabilities and reduce dependence on oil. With headquarters in Dhahran, Saudi Arabia, Saudi Aramco operates in North America, Europe, and Asia, and is actively involved in refining and chemicals production.