Aramco Enters Agreements with US Energy Firms Worth Up to $30B

Saudi Aramco, the world’s largest oil exporter, has announced a series of 17 memoranda of understanding (MoUs) and agreements with U.S. companies, potentially valued at more than $30 billion. These deals build on earlier announcements in May 2025, bringing the total collaboration pipeline with U.S. firms to approximately $120 billion this year.

This move underscores Aramco’s strategy to diversify its operations beyond traditional oil production and strengthen ties with American industry leaders.

“When you look at Energy Security it Starts at Home, when you look at growing your economy, and exercising energy dominance, that is achieved through trade and energy as a export services. – Stu Turley”

Details of the Deals

The agreements span various sectors, with a strong emphasis on energy infrastructure and supporting services.

Key highlights include:

LNG Sector: Aramco signed an MoU with MidOcean Energy for potential investment in the Lake Charles LNG project on the U.S. Gulf Coast. Additionally, it is exploring cooperation with Commonwealth LNG on a liquefaction project in Louisiana, which could involve LNG and gas purchases by Aramco Trading.
Advanced Materials: An extended MoU with Syensqo aims to localize the production of carbon fiber and advanced composites for industrial applications in Saudi Arabia.
Financial Services: Aramco’s investment arm, Wisayah, entered asset management and investment agreements with Loomis Sayles, Blackstone, and PGIM. Separately, a strategic collaboration with J.P. Morgan focuses on cash account management.
Procurement and Services: Contracts and arrangements were made with major suppliers for materials and professional services in upstream and downstream operations. These include SLB (Schlumberger), Baker Hughes, McDermott, Halliburton, NESR (National Energy Services Reunited), KBR, Flowserve, NOV, Worley, and Fluor.

These deals reflect Aramco’s ongoing demand for advanced technologies and services to support its global expansion.

Industries Involved

The partnerships cover a broad range of industries critical to the energy transition and economic diversification:

Liquefied Natural Gas (LNG): Focus on export infrastructure and supply chains, aligning with growing global demand for cleaner energy sources.
Petrochemicals and Advanced Materials: Emphasis on innovative materials like carbon fiber, which have applications in aerospace, automotive, and renewable energy sectors.
Financial Services: Asset management and cash handling to optimize Aramco’s global financial operations.
Energy Services and Upstream/Downstream Operations: Procurement for drilling, production, refining, and maintenance, ensuring operational efficiency.

This mix highlights a shift toward sustainable and high-tech collaborations, extending beyond fossil fuels.

Benefits for Both Countries

These agreements are poised to deliver mutual advantages, fostering economic growth and technological exchange between Saudi Arabia and the United States.

For Saudi Arabia: The deals support Aramco’s long-term growth objectives, enhance shareholder value, and promote innovation through technology transfer. They also contribute to workforce upskilling, with U.S. firms historically aiding in oil production, gas business expansion, downstream operations, digital technologies, AI, and R&D. Overall, they strengthen Aramco’s legacy of collaboration and unlock new opportunities for progress.

For the United States: The partnerships deepen commercial relationships, drive investment in U.S. projects (e.g., LNG facilities), and create jobs in energy and related sectors. They also position U.S. companies to benefit from Aramco’s vast resources, promoting shared innovation and economic ties that date back to the 1930s.

By leveraging each country’s strengths—Saudi Arabia’s energy resources and the U.S.’s technological expertise—these deals aim to promote global energy security and sustainability.

Companies Investors Should Watch

Investors interested in capitalizing on these partnerships may want to consider the publicly traded U.S. companies involved, as they stand to gain from increased business with Aramco. Below is a summary of their latest earnings reports, based on recent financial disclosures. Note that earnings data reflects the most recent available quarters as of November 2025.

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