Saudi Arabian Oil Company (2222.SR) vs Chevron Corporation (CVX)

Saudi Arabian Oil Company, commonly known as Saudi Aramco, is one of the world’s largest integrated energy companies. It explores for, produces, refines, transports, and markets crude oil, natural gas, petrochemicals, and related products. Aramco’s operations are centered in Saudi Arabia, where it controls some of the largest conventional oil reserves in the world. Its earnings are closely linked to global energy demand, production policy, refining margins, and long-term investment in oil, gas, and downstream chemical assets.

Chevron Corporation is an integrated energy company engaged in worldwide oil and gas exploration, production, and refining. It is the second-largest oil company in the United States, reporting 2025 net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet of natural gas per day and 2.3 million barrels of liquids per day. The company produces energy across North America, South America, Europe, Africa, Asia, and Australia. Chevron’s refining network is concentrated in the United States and Asia, with total global refining capacity of 1.8 million barrels per day at year-end 2025. At the end of 2025, net proved reserves totaled 10.6 billion barrels of oil equivalent, including 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.