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Comprehensive SWOT Analysis of Saudi Aramco – World’s Largest Oil and Gas Company

Updated on: Nov 26, 2021
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In our previous blog, we did a comparative SWOT Analysis of one of the world’s major oil and gas companies, British Petroleum. Here we will be doing the Updated SWOT Analysis of Saudi Aramco.

Saudi Aramco is the world’s largest oil and gas company by market capitalization. It is also the world’s largest crude oil producer.

Saudi Aramco has grown at a large scale in its industry. It can still capture more markets if it implements pepper marketing strategies. As most people are shifting towards online media it is easy for every business to target their potential customers in the market. Using digital marketing is one of the most essential components for the growth of a business in this era. If you would like to learn what digital marketing is and how to use it to your advantage – check out our Free MasterClass on Digital Marketing 101 by the CEO and Founder of IIDE, Karan Shah.

Thus this makes us captivated in knowing how Saudi Aramco is able to gain such huge success in its industry. To understand that we have given an updated SWOT Analysis of Saudi Aramco. But before we start with its SWOT Analysis let us learn about Saudi Aramco as a Company, its products, competitors, financials, and more.


About Saudi Aramco

SWOT Analysis of Saudi Aramco | IIDE

Saudi Aramco which is also known as Saudi Arabian Oil Company is a leading Saudi Arabian oil company that is state-owned by a global petroleum-energy-based enterprise. It was established in the year 1933. It has its headquarters located in Dhahran, Saudi Arabia.

Saudi Aramco’s goal is to remain a world leader in the industry, which according to Saudi Arabian Oil Co. is the manufacturer of the petroleum build energy industry. To ensure that this vision is accessible, the corporation ensures that it also remains committed to solving issues arising in its industry. 

This belief is that Saudi Arabian Oil Co. is reflected in numerous ways in the real world for investments in innovation (research and development) and entrepreneurship. Saudi Aramco is also a creator of educational opportunities,  economic progress, an increase of environmental awareness, and a pursuant of energy sustainability.

Saudi Aramco had a market capitalization of about $2 Trillion as of 2020 and had made a revenue of about $200 billion in the same year. It has earned a profit of about $49 Billion as of 2020.

Quick Stats About Saudi Aramco
Founder NA
Year Founded 1933
Origin Saudi Arabia
No. of Employees 66,800 (2020)
Company Type State-owned enterprise
Market Cap $2.051 Trillion (2020)
Annual Revenue $205 Billion (2020)
Net profit $49 Billion (2020)


Products of Saudi Aramco

Saudi Aramco has grown exponentially in its market and has to provide its customers with different products. Following are some of the products of Saudi Aramco:

  • Petroleum
  • Natural gas
  • Petrochemical derivatives


Close Competitors of Saudi Aramco

Saudi Aramco has to compete with large competitors in its market to retain its position. Following are some of the top competitors that Saudi Aramco has to face in the market:

  • BP
  • ExxonMobil
  • Marathon Petroleum Corporation (MPC)
  • Shell


Now that we have known about the company let us start with the SWOT Analysis of Aramco.


SWOT Analysis of Saudi Aramco

SWOT Analysis of one of the best methods that Saudi Aramco can use to find out its internal Strengths and Weaknesses and external Opportunities and Threats. SWOT Analysis helps Saudi Aramco to find out where it stands in the market by giving it an overview of its business.

Let us now start with its SWOT Analysis by first looking at the Strengths of Saudi Aramco.


Strengths of Saudi Aramco

Strengths are the most important factor that helps Saudi Aramco to maintain its position in the market. Following are some of the strengths of Saudi Aramco:

Large Production and Refining capacity – Saudi Aramco has a large capacity for production and refining its materials. This helps the company to serve a large audience in the market with its products.

Advancement in Technology – Saudi Aramco uses the latest technology in the production and management of its products. This helps it to be efficient in its process and in return get more production.

Low Price – the cost per production of a barrel of Aramco is one of the lowest in the market all over the world. Thus this helps it to enjoy the advantages of a low-cost environment.


Weaknesses of Saudi Aramco

Weaknesses are the factors that act as a flaw in the growth of Saudi Aramco. It needs to find these flaws in its company and try to fix them as soon as possible. Following are some of the weaknesses of Saudi Aramco:

High dependability on only one product – Saudi Aramco is more dependent on the profitability of only one of its products which are crude oil. If this goes on them the company may face trouble in the future if any changes occur in the profitability of that product.

Corporate Governance and Transparency – Saudi Aramco faces a large disadvantage due to corporate governance and transparency.


Opportunities for Saudi Aramco

Opportunities are the factors that help Saudi Aramco grow exponentially in its industry. The company needs to find such opportunities that can be helpful to it and make them their strengths. Following are some of the opportunities for Saudi Aramco:

  • Global economic growth – Due to the increase in the demand for energy and increasing dependency on fuels it can be an opportunity for Saudi Aramco to grow in its field.
  • Saudi Aramco’s IPO – The release of the initial public offering of Saudi Aramco will help in bringing out the real valuation of the company. This will ensure more financial and operational transparency for the company.


Threats to Saudi Aramco

Threats are the external factors of Saudi Aramco that affect the growth of the company in a negative way. It needs to be aware of such events in the future and be prepared with proper precautionary measures. Following are some of the threats to Saudi Aramco:

  • Exploration of new products – The global market share of Saudi Aramco can decrease if other countries are successful in the exploration of new products. This will result in a threat to Saudi Aramco.
  • Eco-friendly fule – If the dependability on renewable energy and non-conventional sources of energy increases then the company may face a large drawback as their products are not environment friendly.

With this, we come to an end of the SWOT Analysis of Saudi Aramco. This analysis helps the company to grow in the market by analyzing its position in the market and giving a wide idea.



On the study of the SWOT Analysis of Saudi Aramco, we know that it is the World’s Largest Oil and Gas Company. It has Large Production and Refining capacity in the market and it also uses advanced technologies in its production process. The global economic growth and Saudi Aramco’s IPC can bran an opportunity for the company to grow. Even with such advantages it still has some flaws which need to be fixed.

It has high dependability on only one product and the exploration of new products in other countries can create a disadvantage for Saudi Aramco. However, it can increase its brand awareness in the market with the help of advanced digital marketing techniques which will help the company to increase its brand value of the product. Digital marketing is very essential for every business nowadays as most people are using social media and it is easy to find their target audience. If you are keen on learning and upskilling, check out IIDE’s 3 Month Advanced Online Digital Marketing Course to know more.

If you would like to read such detailed analyses of different companies, find more such insightful case studies on our IIDE Knowledge portal.

Thank you for taking the time to read this article, and do share your thoughts on this case study in the comments section below.

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Aditya Shastri

Lead Trainer & Head of Learning & Development at IIDE

Leads the Learning & Development segment at IIDE. He is a Content Marketing Expert and has trained 6000+ students and working professionals on various topics of Digital Marketing. He has been a guest speaker at prominent colleges in India including IIMs......[Read full bio]


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