# Aramco Saudi Arabian Oil Company, known as Saudi Aramco, is the world's most profitable company and the largest oil producer globally. Wholly owned by the government of [[Saudi Arabia]], Aramco controls the kingdom's vast hydrocarbon reserves and serves as the financial engine of the Saudi state. The company's partial IPO in December 2019 on the Tadawul exchange briefly made it the world's most valuable publicly traded company, though the Saudi government retained overwhelming majority ownership. Aramco's significance to right-wing politics is multifaceted. The company's dominance in global energy markets makes it a central player in debates over [[Climate Change]] policy, energy independence, and the geopolitical leverage that fossil fuel producers hold over Western economies. Conservative and right-wing movements have frequently aligned with fossil fuel interests in opposing climate regulations, emissions targets, and renewable energy mandates, positions that indirectly benefit Aramco's core business model. The company also represents the deep entanglement between Western conservative foreign policy and Gulf state petroleum economics. Aramco's pricing decisions, production quotas within OPEC, and strategic reserves have shaped U.S. energy policy across administrations. Critics argue that Western dependence on Saudi oil has led to muted responses to the kingdom's human rights record, a dynamic that cuts across partisan lines but carries particular weight in right-wing foreign policy circles that balance energy hawkishness against democratic values rhetoric.