Value of total assets of Saudi Aramco from 2017-2019

The total value of assets of Saudi Aramco for the first nine months of 2019 was over 388.6 billion U.S. dollars. Saudi Aramco was ranked the most profitable company worldwide according to its credit rating, leaving behind both Exxon mobile and Apple.  

IPO as part of Vision 2030

   The Saudi Arabian crown prince Mohammad bin Salman first announced in 2016 his plans to make Saudi Aramco public as part of his Vision 2030 project. The fundamental idea of his agenda was to bring socio-economical reforms to Saudi Arabia in order to make it a strong and globally compatible country for future generations to come. A main part of those reforms was for the kingdom to wean itself off oil rents and its dependency on them, and to diversify its economy to bring new prospects and employment options for its citizens. Ironically, all of this was supposed to be financed by the initial public offering of its leading state-owned oil enterprise Saudi Aramco. After many delays, the much anticipated first stage of Saudi Aramco’s initial public offering took place in December 2019. About 2-3 percent of Saudi Aramco’s shares were sold as “Tadawuls” on the Saudi Stock Exchange for over 30 billion U.S. dollars, making it the largest IPO of all time. In a later planned second stage of the IPO, Saudi Aramco’s share will be traded in international stock exchanges.  

Company comparison

   Saudi Aramco is a major player amongst the global oil companies. The Saudi oil company is the global leader in oil production volume, producing 12 million barrels per day. Furthermore, with over 85.5 billion U.S. dollars it has almost three times the free cash flow of its competitors Shell and Exxon Mobile.

Value of total assets of Saudi Aramco from 2017 to September 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date

November 2019


Saudi Arabia

Survey time period

2017 to September 2019

Supplementary notes

Data collected from several reports.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Saudi Aramco"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.