Saudi Arabian Oil Company, through its subsidiaries, engages in the exploration, production, refining, distribution, shipping, and marketing of petroleum and chemicals. Its activities include exploring and developing oil and natural gas reserves; producing, refining, and shipping crude oil; exporting and marketing crude oil, petroleum products, and natural gas liquids; and producing petrochemicals. The company’s activities also include distribution of refined products, crude oil, and natural gas liquids to customers worldwide; and monitoring and controlling oil and gas pipelines. It also engages in generating and distributing electricity; producing and distributing potable and process water; supplying seawater to the industry; and treating industrial wastewater. The company was formerly known as Arabian American Oil Company and changed its name to Saudi Arabian Oil Company in November 1988. Saudi Arabian Oil Company was founded in 1933 and is based in Dhahran, Saudi Arabia. It has subsidiary locations in Saudi Arabia, China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, Egypt, the United Kingdom, and the United States.