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Saudi Aramco (SABIC)

Saudi Aramco is a publicly listed fully integrated oil and gas company headquartered in Saudi Arabia, with 98.18% owned by government of Saudi Arabia. In 2020, it had USD 204.83 billion in revenue and a reported 70,000 employees*. Aramco is the world’s biggest oil producer and is also increasing its gas operations. Its 2019, its scope 1, 2 and 3 emissions were greater than Germany, France, Italy and Spain's combined emissions.

Ranking position
#80/100
Total score
2.1/100
Performance score
0.9/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

0.8 /100 #77

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

18.8 /100 #74

Supplier Engagement

7.5 /100 #43

Client Engagement

17.5 /100 #21

Policy Engagement

10.0 /100 #69

Business Model

0.0 /100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Aramco receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Aramco increased its oil production between 2014 and 2019, leading to an increase of nearly 10% in its scope 1, 2 and 3 emissions. As the company has been directed to increase oil production capacity from 12 million barrels per day to 13 million barrels of day by the Saudi government, this trend looks set to continue. Aramco has no strategy to diversify into low-carbon business activities and has not even disclosed targets to reduce its scope 1 and 2 emissions.

Progress towards the Paris Agreement

More about the company

Headquarters
Dhahran, Saudi Arabia
Group revenue
USD 204.83 billion
Ownership structure
Publicly listed with 98.18% owned by government of Saudi Arabia
Number of employees
70,000
Scope of activity
Fully integrated
Website
https://www.aramco.com