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The desert kingdom has around 16% of the worldâs proven oil reserves and is the biggest global exporter of petroleum liquids. There is little doubt as to why its national oil company, Saudi Aramco, the biggest energy company in the world, generates over $1 billion in revenue every single day.
The company's Shell Exploration & Production unit focuses its exploration on the deepwater plays in the Gulf of Mexico. Shell Oil partners with Saudi Aramco in a US refining and marketing venture (Motiva) and owns Motiva's sister company Shell Oil Products US. Shell Oil also produces petrochemicals (Shell Chemical) and liquefied natural gas (Shell US Gas & Power) and markets natural gas and electricity. Shell Oil's parent, Royal Dutch Shell, vies with Exxon Mobil) to be the world's #1 integrated oil company in terms of revenues.