Saudi Aramco CFO Al-Murshed says the company has a reserves base of about 250bln barrels of oil equivalent, around five times the combined reserves of international oil majors

Saudi Aramco's announcement regarding its substantial reserves, approximately five times those of international oil majors, underscores its dominant position in the oil sector.

Newsquawk StaffPublished 11 May 2026, 12:40 UTCOn the live feed at 12:20 UTC — 4 more headlines followed before this page went public

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12:22

SoftBank’s (9984 JT) Son is considering a multibillion-dollar investment, sources say

12:21

Saudi Aramco CEO Nasser says the market could lose around 100mln barrels of oil each week the Strait of Hormuz remains closed if current disruptions persist

12:20

Saudi Aramco CFO Al-Murshed says the company has a reserves base of about 250bln barrels of oil equivalent, around five times the combined reserves of international oil majors

12:15

Iranian Spokesman for the National Security Committee says Bahrain and the UAE are still on the wrong path, Al Mayadeen reports; "We will not allow the formation of the UAE-Israel axis in the region"

12:12

Chairman of the Iranian Parliament's Energy Commission says Iran's oil export is unstoppable; "The production in various oil fields of the country continues continuously and there is no special problem in the field of production"

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Context

This revelation may further reinforce investor confidence in Aramco and potentially influence WTI prices by highlighting the company's robust supply capacity amid ongoing global energy demand fluctuations.

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