Saudi Aramco’s Rise: A SWOT analysis, organizational marketing and competitive strategies
Saudi Aramco is one of the world’s largest and most successful oil and gas companies. The state-owned oil corporation of Saudi Arabia was founded in 1933. It is an important player on the international energy market (Almeman 2020). This paper will present a comprehensive SWOT analysis, along with the organization’s marketing and competitive strategies. Strengths: Saudi Aramco has a number of strengths that have allowed it to become the world’s most successful oil and gas company. First, it has an extensive and varied portfolio, which includes a substantial reserve base, as well as a network of distribution and production facilities around the world. The company also benefits from advanced technology including drilling methods that allow it to reduce production costs and increase efficiency. It has strong financial standing, with high cash balance and low costs of capital. Cont…
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