Saudi Aramco and Saudi Oil Development (1933–2019)

1. Saudi-Socal oil concession signed

   May 29, 1933Labels: Standard Oil, Saudi Arabia

   • Earth

2. CASOC created to run Saudi operations

   Nov 1, 1933Labels: CASOC, Standard Oil

   • Earth
   • AramcoAmericas

3. Dammam drilling begins after early surveys

   Jun 1, 1934Labels: Dammam Dome, CASOC

   • Earth

4. Texaco partnership expands financing and marketing

   Jan 1, 1936Labels: Texaco, Socal

   • Justia
   • AramcoWorld

5. Dammam No. 7 strikes commercial oil

   Mar 4, 1938Labels: Dammam No, Saudi oil

   • Earth
   • Dammam7

6. Company renamed Arabian American Oil Company

   Jan 31, 1944Labels: Aramco, CASOC

   • SaudiAramco

7. Exxon and Mobil join Aramco consortium

   Mar 17, 1947Labels: Exxon, Mobil

   • SaudiAramco
   • AramcoWorld

8. Ghawar field discovered, enabling major growth

   Jan 1, 1948Labels: Ghawar field, Aramco

   • AAPG
   • Ghawar

9. Tapline begins operations to Mediterranean

   Jan 1, 1950Labels: Tapline, Trans-Arabian Pipeline

   • Britannica
   • Aramco

10. Saudi-Aramco adopt 50–50 profit-sharing

    Nov 1, 1950Labels: Saudi-Aramco agreement, Saudi government

    • SaudiAramco
    • GoldenGimmick

11. Saudi government buys 25% Aramco stake

    Jan 1, 1973Labels: Saudi government, Aramco

    • AramcoHistory
    • AramcoWorld

12. Saudi ownership rises to 60%

    Jan 1, 1974Labels: Saudi ownership, Aramco

    • AramcoHistory
    • AramcoWorld

13. Saudi Arabia completes 100% Aramco ownership

    Apr 15, 1980Labels: Saudi ownership, Aramco

    • AramcoWorld
    • AramcoHistory

14. Saudi Aramco formally established as national company

    Jan 1, 1988Labels: Saudi Aramco, national oil

    • AramcoHistory

15. Vision 2030 links diversification to Aramco privatization

    Apr 25, 2016Labels: Vision 2030, Saudi government

    • PIF

16. Aramco issues inaugural international bond

    Apr 10, 2019Labels: Saudi Aramco, international bond

    • AramcoBond

17. Saudi Aramco lists on Tadawul after IPO

    Dec 11, 2019Labels: Saudi Aramco, Tadawul

    • AramcoListing
    • CNBC