Which company Saudi Aramco represents
Saudi Aramco is the commonly used name of Saudi Arabian Oil Company, a Saudi joint-stock company headquartered in Dhahran. Its business integrates hydrocarbon exploration and production with refining, chemicals and marketing. This profile uses the consolidated group accounts to describe its economic scale. The Saudi company’s workforce and safety indicators under operational control have their own boundaries and should not be treated as covering exactly the same entities and people.
Aramco: Annual Report and Accounts 2025 · Aramco: 2025 indicator preparation criteria
From the 1933 concession to stock-market listing
The history begins with the 1933 concession to Standard Oil Company of California and the creation of CASOC. Commercial production followed in 1938 at Dammam Well No. 7. Saudi state participation increased during the 1970s and reached 100% in 1980. Saudi Arabian Oil Company was established on 13 November 1988 and its shares began trading on the Saudi Exchange in December 2019. These are distinct milestones: industrial origins, legal formation and public listing.
Aramco: company history · Aramco: Annual Report and Accounts 2025
Ownership and leadership at their respective dates
At year-end 2025, the Saudi Government directly retained 81.48% of the capital. The accounts also describe transfers totalling 16% to the Public Investment Fund and its wholly owned entities; these holdings are not Aramco sales or revenue. At the current review, Yasir O. Al-Rumayyan chairs the board and Amin H. Nasser serves as President and CEO. Public listing therefore coexists with state control and a concession governing exploitation of the Kingdom’s resources.
Aramco: Annual Report and Accounts 2025 · Aramco: current board of directors
Production, processing and international sales
The main segments are Upstream and Downstream, supported by corporate activities. Upstream covers oil, condensate and gas production; Downstream covers refining, petrochemicals, lubricants, marketing and distribution. A 70% interest in SABIC connects the group to a major chemicals business. Motiva contributes US refining, while Esmax, 100%-owned at year-end 2025, distributes fuels and lubricants in Chile. Subsidiaries are included under the applicable accounting rules: their revenue is not added again to the consolidated figure.
Revenue and profit for 2025
The year ended 31 December 2025 generated revenue of SAR1,559,342 million, equivalent to US$415,824 million in the accounts’ supplementary conversion at SAR3.75 per dollar. Income attributable to shareholders was SAR348,042 million, or US$92,811 million. A separate SAR111,862 million in other income related to sales reflects government compensation for regulated prices. The accounts comply with IFRS endorsed in Saudi Arabia and with IFRS issued by the IASB. Revenue is kept distinct from adjusted income, dividends and physical production.
What the employee figure covers
Aramco reports 76,664 company employees at year-end 2025, compared with 75,118 in 2024. The sustainability table labels the boundary Company in-Kingdom: it is not the combined workforce of every global subsidiary and contractor. That distinction matters when comparing company size or training programmes. Consolidated research and development expenditure was SAR5,443 million, equivalent to US$1,451 million; this also has a different boundary from an indicator limited to the Saudi company.
Aramco: Annual Report and Accounts 2025 · Aramco: Sustainability Report 2025
Safety management and operational accountability
The Safety Management System structures hazard identification, risk assessment, investigation and monitoring. Oversight is shared between the board’s sustainability, risk and HSE committee and a corporate committee chaired by the CEO. Aramco states that its system received independent verification of alignment with ISO 45001:2018 in 2025. This does not establish individual certification of every group facility. It also reports 49 loss prevention compliance reviews, known as LPCRs, across facilities, projects and affiliated entities.
Four fatalities and rates with explicit denominators
Four contractor workers died in 2025, all after being struck by moving objects, according to the report. Aramco says it investigated each case and implemented measures including stronger supervision and additional training. The total recordable case rate was 0.028 per 200,000 working hours, compared with 0.046 in 2024. The lost-time injury or illness rate was 0.011, compared with 0.021, on the same hourly basis. Coverage comprises employees and contractors in operationally controlled entities. Improving rates do not mean absence of harm or automatically describe every consolidated investee.
Aramco: Sustainability Report 2025 · Aramco: 2025 indicator preparation criteria
Process integrity and loss of containment
Aramco recorded nine tier 1 process safety events in 2025, the same number as in 2024. All nine occurred at wholly owned assets within Saudi Arabia. None caused fatalities, although one resulted in a lost-time injury. This indicator describes process incidents and should be read separately from personal injuries. The company presents inspections, operational discipline and investigation teams as learning mechanisms; the annual figure alone cannot identify the effectiveness of each measure.
AI at Tanajib and digital work permits
The 2025 report describes an AI application at the Tanajib Marine Facility that analyses CCTV and flags unsafe conditions or violations. It also documents driver fatigue and distraction detection pilots and tools for assessing road conditions. Pilot status is retained; these are not presented as universal deployments. E-learning on hazardous work and restricted areas supports the transition to fully digital work permits. SafeLife supports incident reporting and investigation, while a new hub brings together approved safety technologies.
Aramco: Sustainability Report 2025 · Aramco: 2025 indicator preparation criteria
Contractors, inspections and preparedness
Contractor assessment uses specific indices for construction, maintenance turnarounds, drilling and well operations. Marine and seismic exploration indices were added in 2025. Aramco reports more than 4,400 safety inspections and leadership training for 74 shift managers. For emergencies, it analysed more than 4,000 exercise critiques recorded in SafeLife. The inspection and exercise counts describe company-reported management activity; they are not interchangeable with unique people trained, certified sites or accidents prevented.
Industrial hygiene and naturally radioactive waste
Health protection includes industrial hygiene, occupational health and radiation protection. One specific example is management of naturally occurring radioactive material, known as NORM, which can concentrate in industrial scale and sludge. Aramco reports deploying an automated solution in 2025 to track this waste from generation to disposal, with radio-frequency identification of nearly all such waste, inspection checklists and centralised inventory control. This documents a traceability application; it does not by itself demonstrate that exposures have been eliminated.
What external assurance covered
EY’s report dated 12 May 2026 provides limited assurance over three 2025 metrics: four fatalities, a fatal accident rate of 0.362 per hundred million hours and a lost-time injury or illness rate of 0.011 per 200,000 hours. Its appendix does not include the total recordable case rate or the nine process events. EY describes visits to four locations and explains that limited assurance is lower than reasonable assurance. This supports those data under their reporting criteria; it is not an overall guarantee of Aramco’s safety.
EY: limited assurance over three 2025 safety metrics · Aramco: 2025 indicator preparation criteria
Operational emissions and future ambitions
For 2025, Aramco reports 58.0 million tonnes of CO₂ equivalent in Scope 1 and 14.0 million in market-based Scope 2 emissions. These operational-control indicators have exclusions defined in the preparation criteria; they do not represent the entire value chain or emissions from using fuels sold. The 2050 net-zero ambition concerns Scope 1 and 2 emissions from wholly owned operated assets. Retaining these boundaries avoids turning a future operational goal into a claim that all products are currently carbon neutral.
Aramco: Annual Report and Accounts 2025 · Aramco: Sustainability Report 2025 · Aramco: 2025 indicator preparation criteria
An advertising complaint not upheld
On 9 July 2025, the UK ASA did not uphold either issue raised by New Weather Institute against Aramco Overseas Oil Company BV’s Formula One advertisements. It considered their partnership and research context and required no further action. The ruling concerns those advertisements; it does not validate the group’s entire climate strategy.
What can be learned from this case
Aramco offers specific cases for studying digital prevention, contractor coordination, process risks and waste traceability. It also demonstrates the importance of reading each indicator’s scope and external review boundary. As an editorial interpretation, a technology hub or declining rate is more useful when connected to the hazard being controlled, the exposed population and verification of the measure. The four contractor fatalities require that critical reading alongside the reported initiatives.
Aramco: Sustainability Report 2025 · Aramco: 2025 indicator preparation criteria · EY: limited assurance over three 2025 safety metrics
Frequently asked questions
Are Aramco and SABIC the same entity?
No. Saudi Arabian Oil Company is the parent covered here and holds 70% of SABIC. Its activities are incorporated under consolidation rules; SABIC sales are not added again to group revenue. [1]
Do the 76,664 employees represent the worldwide group?
No. It is the Company in-Kingdom employee measure at year-end 2025. It does not automatically include the entire subsidiary and contractor workforce. [1]
Which safety uses of AI are documented?
The report describes video analysis at Tanajib, driver fatigue and distraction detection pilots, and road-condition tools. Their documented use alone does not prove a causal reduction in accidents. [1]
Which results received external assurance?
The EY report reviewed covers three metrics: fatalities, fatal accident rate and lost-time injury or illness rate. It provides limited assurance, not global safety certification of every site. [1]
