Saudi Aramco pitches itself as low-carbon investors’ choice

An analysis published in the Guardian newspaper last month reckoned Aramco’s oil was responsible for more emissions than any other single company.

LONDON: Since 1980, the year Saudi Aramco was fully nationalised, the world’s largest oil producer has pumped about 116 billion barrels of crude oil from giant fields below the kingdom’s desert and the waters of the Persian Gulf.

At today’s rate of consumption that crude would keep the world going for more than three years without using a single drop from any other oil-producing country. Put it through a refinery and you’d get enough gasoline to fill the tanks of more than 70 billion Chevy Suburban SUVs.