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External Environment of the company


Glancing at the list of top 10 oil companies, Saudi Arabian Oil Company leads in all term with outstanding values. Compared with leading top second oil producer Saudi Aramco outputs 10.4 mbd while NIOC just produces 6 mbd less. As well as Saudi Aramco holds reserve of 264.2 billion barrels whereas its biggest competitor holds 138.4 billion barrels. Furthermore, many of oil producing company no more than .05 percentage of spare capacity while Saudi Aramco indicates 3.9 percentage of global supply. Thus, optimization and efficiency in production Saudi Aramco the leading oil producer in market.

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