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Essay / Research Paper Abstract
This 4 page paper introduces this company, including brief background comments. The essay identifies some of the many macroeconomic variables that affect a firm's profitability. The writer discusses one internal strength and one external factor, GDP in Saudi Arabia. 1 Table included. Bibliography lists 7 sources.
Page Count:
4 pages (~225 words per page)
File: MM12_PGsdarm.RTF
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Unformatted sample text from the term paper:
SAP AG, 2005). In 2007, Saudi Aramco controlled more than 259.9 billion barrels of reserve oil and it produces another 8.5 million barrels of oil every day (Hampton, 2008). Besides
all this control, the company owns a fleet of oil tankers and it regularly invests in oil refineries in other countries (Hampton, 2008). Saudi Aramco is also in natural gas
and owns 253.8 trillion cubic feet of natural gas reserves (Hampton, 2008). These activities place the company in the primary industries of Energy & Utilities and Retail but it is
also in segments that include Oil & Gas Exploration & Production, Oil & Gas Refining, Marketing & Distribution, and Gasoline Retailers (Hampton, 2008). When analyzing this company, it may be
important to know that Saudi Aramco was formed in 1993 when a Royal Decree ordered all state-owned refineries to be merged with Saudi Aramco (Aramco Services Company, 2006). This included
all oil refineries, distribution, marketing operations the state owned; it also include a 50 percent interest in three domestic joint venture refinery projects and five joint ventures in other countries,
including the United States (Aramco Services Company, 2006). Today, Saudi Aramco is a fully integrated global company with a presence in many countries. There are numerous macroeconomic variables that
affect business in this industry. Some of these factors or variables are aggregate national income, exports for the economy, investments, the state of the economy, currency exchange rates, employment or
unemployment rates, the economic business cycle, governments, laws, regulations, political attitude, monetary policies, fiscal policies, inflationary pressures, standards of living, gross domestic product, gross national product, technology, privatization, globalization and
even the balance of payments will affect the profitability of any company (Adeyemi, 2008; Mileva and Siegfried, 2007). A firms internal operational patterns also affect profitability. The more efficient the
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