Saudi Aramco
Saudi Aramco is the world's largest oil company and the 3rd largest corporation in the world by market capitalization.
It was founded in the 1930s as a branch of Standard Oil of California (now Chevron), and was directly controlled by U.S. executives until reverting to Saudi state ownership in 1988.[1]
In 1973, the company played a crucial role in securing U.S. petrodollar hegemony through an agreement with Henry Kissinger and the Nixon Administration to only sell its oil for dollars, in exchange for U.S. military protection and financing through usurious U.S. treasury bonds.
Throughout its history, the company has worked closely with major U.S. fossil fuel construction + equipment firms such as Bechtel and Caterpillar Inc.
The company's economic power accounts for the House of Saud's leading international role in blocking and delaying effective international climate action. In partnership with French company Total Energies, Aramco is preparing to construct a new $11 billion "world scale petrochemical facility" in Saudi Arabia starting in early 2023.[2]