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Largest Energy Production Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
Aramco, Saudi Energy, ADES Holding, Luberef and ALDREES Petroleum.
 | Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country’s hydrocarbons. It is the largest oil and gas producer in the world with a production volume of 12.4 mmboe/d in 2024, including 10.8 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world’s fourth-largest refiner. It also owns 57.6 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies. | $7 | +13% | $1.8T | $1.8T | 4.0x | 8.2x | ||
| Saudi Energy Co is principally engaged in the generation, transmission, Distribution and Subscriber Services. The company provides its services to governmental, industrial, agricultural, commercial, and residential sectors. The company provides services such as Electricity Service Connection, Electricity Service Management, Billing &Consumption, and Account Management. | $4 | +14% | $19B | $74B | 2.7x | 6.5x | ||
| Ades Holding Co is a company whose main purpose is oil and gas drilling and production services in the MENA region. The Company’s main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services. | $5 | +44% | $6B | $11B | 5.9x | 11.3x | ||
| Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and in purchasing, selling, transporting, marketing, importing and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and other countries. The company derives the majority of its revenue from sales of Base oils in the Kingdom of Saudi Arabia. | $34 | +26% | $6B | $6B | 2.6x | 17.8x | ||
| ALDREES Petroleum & Transport Services Co is predominantly engaged in the petroleum and transport services businesses. It is involved in various business activities such as; the wholesale and retail trading of fuel, gasoline, oil, and lubricants; providing transportation services for liquid and dry materials; establishing vehicle workshops and carwashes; acquisition of land to construct buildings for sale or lease; and the development, operation, and renting of take away centers for beverages and food. The company has two reportable segments; Petroleum Services and Transport Services. A majority of its revenue is derived from the Petroleum Services segment which includes income generated from the sale of fuel on its fuel stations. Geographically, it operates in the Kingdom of Saudi Arabia. | $31 | -8% | $3B | $4B | 0.6x | 12.6x | ||
| Median | $7 | +14% | $6B | $11B | 2.7x | 11.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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