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Largest Oil & Gas Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
Aramco, Petro Rabigh, ADES Holding, Luberef and Arabian Drilling.
 | 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 | ||
| Rabigh Refining & Petrochemical Co is engaged in the development, construction, and operation of an integrated petroleum refining and petrochemical complex. The company's operating segment include Refined Products and Petrochemicals. It generates maximum revenue from the Refined products segment. | $4 | +111% | $9B | $15B | 1.6x | 76.6x | ||
| 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 | ||
| Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs. | $24 | +11% | $2B | $3B | 3.0x | 8.6x | ||
| National Gas & Industrialization Co is engaged in carrying out all work related to the exploitation, manufacturing, and marketing of all kinds of gas and its derivatives and industrial gases inside and outside the Kingdom of Saudi Arabia. Along with its subsidiaries, it is also involved in other business activities such as; selling, manufacturing, and maintaining cages, cylinders, tanks, and accessories; maintenance of gas networks and accessories; providing water treatment and environmental services; participating in energy production; and acquiring real estate and purchasing land for the construction of buildings, etc. The company's business segments are; Central region SR, which derives maximum revenue, Western region SR, Eastern region SR, and Southern region SR. | $21 | +0% | $2B | $2B | 1.7x | 17.7x | ||
| OMS Energy Technologies Inc is a manufacturer of surface wellhead systems, or SWS, and oil country tubular goods, or OCTG products used in the oil and gas industry. The end market for products is for the purposes of onshore and offshore exploration and production, or E&P, operators in the Asia Pacific and the Middle Eastern and North Africa (MENA) regions. The company operates in six reportable segments, namely Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia, and Others. | $5 | -31% | $197M | $78M | 0.4x | 1.2x | ||
| Median | $7 | +13% | $6B | $6B | 2.6x | 11.3x |
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