We mined Saudi Aramco’s acquisitions, investments, and partnerships to discern the company's strategic priorities.
Saudi Aramco is the world’s largest oil-producing company by far. Its daily oil production capacity is more than 3x the amount produced by Petrobras, the second largest. As oil prices approach record levels, Saudi Aramco is also the most valuable company in the world with a market cap over $2T.
The company has historically invested in oil & gas tech, like better industrial valves and specialty chemical refining, to solidify its position as a global leader in the industry. However, as governments transition away from fossil fuels, Saudi Aramco is expanding into new markets through strategic acquisitions, investments, and partnerships.
For example, the company is partnering and investing to create industrial analytics products. Saudi Aramco has also partnered with auto OEMs and invested in startups to develop hydrogen as a sustainable alternative fuel source.
Using CB Insights data, we uncovered the 5 most important strategic priorities highlighted by Saudi Aramco’s recent acquisitions, investments, and partnerships. We then categorized companies by their business relationships with Saudi Aramco across these priorities:
- Energy storage
- Industrial analytics
- Oil & gas