Why Aramco Is Nothing Like The Other Oil Majors

The world’s biggest oil company by production and market capitalization, Saudi Aramco, joined this week many of the international oil majors in reporting record second-quarter profits amid soaring oil and gas prices.  Yet, the similarities between the Saudi state oil giant and Big Oil end with the record earnings this year.   Aramco, the world’s top crude oil exporter, is not your ordinary listed oil major. Its strategic choices and actions are not made in the board room or at shareholders’ meetings—they are…