Silk road” international university of tourism

Economic Stability


Saudi Aramco strives to provide its shareholders with resilient value creation through crude oil price cycles by maintaining its preeminence in oil and gas production, capturing additional value across the hydrocarbon value chain and profitably growing its portfolio. The promise to the customers is obvious in the strategy aimed to reinforce its competitive positions across its upstream and downstream operations. The company attempts to maintain producing the lowest cost oil, while providing reliable, low carbon oil. Efficiently allocating capital and maintaining a prudent and flexible balance sheet is a prove of the company’s action.
In conclusion, since the initial drilling work held in 1935 Saudi Aramco optimized its production perspectives in many ways. improvement in the quality of production and flexibility of cost makes growth clear. Alongside its competitors the company holds much of the market share. And Saudi Aramco became the largest initial public offering(IPO) in 2018. Thus, fulfilling the trust of the customers Saudi Arabian Oil company continues offering affordable price and high quality.

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5. 
   References
   

https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1354.pdf
https://www.aramco.com/-/media/publications/corporate-reports/saudi-aramco-ara-2019-english.pdf
https://www.aramco.com/en/workingwithus/customers/becoming-a-customer
https://www.nytimes.com/2019/04/01/business/saudi-aramco-profit.html
https://www.aramco.com/en

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