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Saudi Aramco, officially known as the Saudi Arabian Oil Company, is a multinational petroleum and natural gas company headquartered in Dhahran, Saudi Arabia. It is one of the largest and most valuable oil companies in the world. Here are some key points about Aramco:

History: Saudi Aramco was founded in 1933 as a partnership between the Kingdom of Saudi Arabia and Standard Oil of California (now Chevron). It was originally known as the California-Arabian Standard Oil Company (CASOC).

Nationalization: In 1980, Saudi Arabia bought out the remaining 30% of Aramco’s shares from its American partners, making it a wholly state-owned company. It was then officially renamed Saudi Arabian Oil Company (Saudi Aramco).

Operations: Aramco is primarily involved in the exploration, production, refining, distribution, and marketing of petroleum and petrochemical products. It operates in all aspects of the oil and gas industry, from upstream (exploration and production) to downstream (refining and marketing).

Reserves: Saudi Aramco is known for its vast oil reserves, particularly in the Ghawar Field, which is one of the largest and most productive oil fields in the world. The company’s reserves are a critical part of Saudi Arabia’s status as one of the world’s leading oil producers.

Revenue: As one of the largest companies in the world, Saudi Aramco generates substantial revenue. Its financial performance is closely tied to the global oil market, and fluctuations in oil prices can significantly impact its earnings.

IPO: In 2019, Saudi Aramco went public with an initial public offering (IPO) on the Saudi Arabian stock exchange (Tadawul). The IPO was a significant event, as it allowed the Saudi government to raise capital by selling a portion of the company’s shares to investors.

Environmental Initiatives: In recent years, Saudi Aramco has been working to diversify its business and invest in cleaner energy sources, such as natural gas and renewable energy, as part of its efforts to address environmental concerns and reduce its carbon footprint.

Global Presence: While its headquarters are in Saudi Arabia, Aramco has a global presence with offices, subsidiaries, and joint ventures in various countries. It is a key player in the global energy market, supplying oil and petroleum products to customers around the world.

Saudi Aramco’s significance extends beyond the energy industry, as it plays a crucial role in the Saudi Arabian economy and is a major contributor to the country’s government revenues. It is closely monitored by global energy markets and policymakers due to its impact on oil prices and global energy security.

CFD trading on Aramco

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Contract for Difference (CFD) trading on Aramco (Saudi Arabian Oil Company) involves speculating on the price movements of Aramco’s shares without actually owning the underlying assets. CFDs are financial derivatives that allow traders to profit from the price fluctuations of various assets, including stocks, commodities, currencies, and indices. Here’s how CFD trading on Aramco might work:

Select a CFD Broker: To trade CFDs on Aramco, you need to choose a reputable CFD broker that offers Aramco shares as a tradable asset. Ensure that the broker is regulated and provides a trading platform suitable for your needs.

DamanReviews Best Aramco CFD trading brokers:

اسم الشركة
حساب إسلامي
مرخصة
اقل مبلغ للايداع
تقييم
اتخاذ قرار
1st_imogi
نعم

ADGM,ASIC,CySEC,

CBI,FSCA

$100
Rated 4.5 out of 5
2nd_emoji
نعم

FCA,CySEC,FSA,

FSCA

$0

Rated 4.0 out of 5
3rd_emoji
نعم

ASIC , CySEC ,

FSCA , FSC 

$3

Rated 3.0 out of 5
نعم

FCA,CySEC,

BaFin

$5

Rated 3.0 out of 5
نعم

VFSC

$250

Rated 2.0 out of 5
4.5
Rated 4.5 out of 5
ترخيص
ADGM, ASIC, CySEC, CBI, FSCA
حساب إسلامي
نعم
اقل مبلغ للايداع

$100

4.0
Rated 4.0 out of 5
ترخيص
FCA, CySEC, FSA, FSCA
حساب إسلامي
نعم
اقل مبلغ للايداع

$0

3.0
Rated 3.0 out of 5
ترخيص
ASIC , CySEC, FSCA , FSC
حساب إسلامي
نعم
اقل مبلغ للايداع

$3

3.0
Rated 3.0 out of 5
ترخيص
FCA, CySEC, BaFin
حساب إسلامي
نعم
اقل مبلغ للايداع

$5

2.0
Rated 2.0 out of 5
ترخيص
VFSC
حساب إسلامي
نعم
اقل مبلغ للايداع

$250

Account Setup: Open an account with the CFD broker of your choice. You’ll need to provide some personal and financial information and go through a verification process.

Fund Your Account: Deposit funds into your trading account. The amount you deposit will determine the size of your trading positions.

Access the Trading Platform: Log in to the broker’s trading platform. On the platform, you should be able to find Aramco shares listed among the available assets.

Place a Trade: To open a CFD position on Aramco, you have two options:

Buy (Go Long): If you believe that Aramco’s share price will rise, you can enter a “buy” position. This means you profit if the share price goes up and incur losses if it goes down.

Sell (Go Short): If you believe that Aramco’s share price will fall, you can enter a “sell” position. This means you profit if the share price goes down and incur losses if it goes up. Going short on CFDs allows you to potentially profit from falling prices.

Set Stop-Loss and Take-Profit Orders: To manage risk, you can set stop-loss and take-profit orders. A stop-loss order automatically closes your position if the market moves against you beyond a certain point, limiting potential losses. A take-profit order automatically closes your position once a specified profit level is reached.

Monitor the Trade: Keep an eye on your trade as the Aramco share price fluctuates. CFDs are leveraged products, which means you can potentially magnify both gains and losses.

Close the Trade: You can choose to close your CFD position at any time. To realize your profits or limit your losses, you simply execute the opposite trade of your initial position (e.g., if you bought, you sell; if you sold, you buy).

Withdraw or Reinvest: Once you’ve closed a trade, you can choose to withdraw your profits or reinvest them in other trades.

It’s important to note that CFD trading carries significant risks due to leverage, and you can lose more than your initial deposit. Therefore, it’s crucial to have a solid trading strategy, risk management plan, and a good understanding of the market before engaging in CFD trading on any asset, including Aramco shares. Additionally, be aware of the regulatory environment and tax implications associated with CFD trading in your jurisdiction. Consider seeking advice from a financial advisor if you are new to CFD trading.

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