Aramco benefits

Aramco benefits. Innovation is highly valued here at Saudi Aramco, and We would like to show you a description here but the site won’t allow us. S. – 5 p. to supplement the benefits provided by Saudi Aramco with other arrangements, such as savings plans, long-term disability and additional life insurance. The retirement plan is above industry average with 9% 401k match. com. If you are an experienced professional in your field we can offer you a wide variety of jobs in areas such as engineering Aramco is working with a number of partners to develop Mobile Carbon Capture and storage technologies for cars and trucks. 0 Ratings. Benefits as an Aramco Employee. Aramco's share is due to be 6 million metric tons per year and the remaining 3 . But the huge IPO is only a small part of a larger plan that the Deputy Crown Prince has put in receive enrollment materials from the Aramco Benefits Center. 1 billion in 2022, representing Aramco’s second highest ever net income. “Cross cultured, multi-national organization. Do your best work here. 5% of Aramco’s value began trading only on the Tadawul, Saudi Arabia’s stock exchange. Dollar Welfare Benefit Plan,” respectively. This provided on monthly basis for self investment for UK nationals. Lifestyle. ABS honored as Top 30 Best Employer. m. “We are targeting 70 to 80% of each barrel of crude oil being converted to chemicals in a competitive manner. Reported anonymously by Saudi Aramco employees. Prestigious national awards received by our Communication Consulting Practice since 2014 for both our digital and print participant materials Aug 19, 2022 · Showing 1–1 of 1. From engineers and scientists to specialists in procurement and R&D, every Aramco Americas team member embodies the highest standards of safety and professional conduct. 12 monthly salaries plus one Ramadan salary; annual housing allowance; possibility of annual corporate bonus; 30 days annual leave balance plus public holidays, as scheduled in the company’s operational calendar; medical coverage for you, your wife, children, and your parents Sep 8, 2023 · Post by alaaatta13 onSep 7, 2023 at 5:33am. Description: Aramco energizes the world economy. This SPD does not include all of the information about benefits under the RIP. Best - Severance benefit after 2 years be it resignation or retirement. Using 100,000 sensors collecting information from wells, pipelines, plants, and terminals, OSPAS enables the company to monitor and direct the flow of oil and gas through its network using real-time data and analytics. 22 . You can lighten the load by taking the uncertainty out of their financial future. Possibility of an annual corporate bonus. Available to US-based employees. ARAMCO ANNUAL ENROLLMENT NEWSLETTER. Key product properties: API Group I. Former Software Engineer in Houston, TX, Texas. CHECKLIST. Supply Chain Director, February 2023. 6 days ago · Key Takeaways. For instance, an employee with 10 years of service would receive a severance of around 7. global products business (‘Valvoline Global Operations’) for $2. It is a complex, multidimensional, and capital-intensive challenge that will span generations. 4 Jul 28, 2021 · As government agencies and industrial partners, such as Aramco, continue to drive localization, the benefits of a sustainable local supply chain will expand even further, driving efficiency and resilience while creating jobs, reducing costs, and improving delivery times for goods and services utilized in Saudi Arabia’s vibrant industrial sector. But it’s much more than your average benefit program. However, when kids 5 and 6 get to boarding school age (after 9th grade here Nov 20, 2020 · OCTOBER 2021. I have read a lot of threads about the Allowances (settling in allowances, Cash in lieu) and also the great utilities ARAMCO provides to its employees. Now they are re-hiring under the new management - go figure. Saudi Aramco ( Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah ), officially the Saudi Arabian Oil Group or simply Aramco (formerly Arabian-American Oil Company ), is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. Our coordinated approach is benefitting the business through improved safety, efficiency, and sustainability. Our aramcoDURA base oils help keep automotive and industrial engines moving, meeting the exacting requirements of today’s modern automotive and industrial engines. Everything we do is anchored by our corporate values: citizenship, safety, accountability, excellence and integrity. Dollar employees a 100% Employee-paid vision program through VSP. By the 1950s, Aramco was owned by four shareholder companies and based in New York. Combined, in 2019 Aramco and SABIC recorded petrochemicals production volume of nearly 90 million tonnes, including agri-nutrient and specialty products. The benefit plan summary (BPS) is a summary document of employee benefits required by the Employee Retirement Income Security Act (ERISA) to be Half of Saudi Aramco salaries are above $120,166. 4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally. Join our team and enjoy a rewarding career where openness, knowledge sharing, and innovation are at the very core of everything we do. Enjoy a rewarding career where personal and professional enrichment are top priorities – and openness, knowledge sharing, and innovation are at the core of everything we do. Alternatives to traditional hydrocarbon-based energy Hydrogen as a transportation fuel. Saudi Aramco is the world's largest oil producer and the world's most profitable company. Job benefits as a Saudi Aramco employee. Go to the “Contact Us” page 3. Welfare Benefit Plan. We would like to show you a description here but the site won’t allow us. Aramco's virtual Mar 2, 2023 · Aramco has completed the acquisition of the Valvoline Inc. Saudi Aramco is a fully integrated energy and chemicals enterprise and a world leader in exploration, production, refining, distribution, marketing, and manufacturing. Diploma degree obtained through full-time study. This includes Insurance, Health & Wellness, Home, Financial & Retirement, Perks & Discounts, Transportation, and Other benefits. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. A monthly salary, paid 12 times a year, plus one Ramadan salary payment. DHAHRAN, Saudi Arabia, May 07, 2024. This is based on 1,692 anonymously submitted reviews on Glassdoor. CST 1. and middle school ages. Prior to April 1, 2020, the Plan and the Aramco U. The Jubail CCUS hub will capture up to 9 million metric tons of CO 2 per year starting in 2027. 65 billion, through one of its wholly-owned subsidiaries. Follow this step-by-step guide to complete your enrollment. employee benefit plans. Select “Send a Question to a Bene-fits Representative. An employee gets to receive a company-shouldered retirement plan, a company-complemented savings plan, a varied range of insurance policy options, or an We would like to show you a description here but the site won’t allow us. 0. The benefits Saudi Aramco benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Change location. We hire the best and brightest for expatriate careers with Saudi Aramco in Saudi Arabia. These benefits include the following: Insurance, Savings, and Retirement Plans. Contact the Aramco Benefits Center: 855-604-6220 / 8 a. Effective January 1, 2021, Aramco will offer all U. Savings Plan (the “Savings Plan”) is sponsored by Aramco Shared Benefits Company (“ASBCO” or the “Company”). Nov 28, 2015 · 89 employees reported this benefit. Bachelor degree or higher obtained through full-time study. We develop strong, long-term partnerships that further the reach of our parent company as it continues to grow its global operations, business lines and projects. This document describes the benefits provided under the Aramco U. 3/5 stars. Housing allowance (three months base salary per year). Dollar payroll of ASBCO and the Participating Companies (collectively, the “Company”) and their eligible Dependents, as in effect on January 1, 2021, except as herein otherwise noted. Make sure they know their retirement benefits go beyond just retirement. If you enroll within t he applicable period, your coverage Aramco Shared Benefits Company Our history Our governance Aramco’s contributions across the value chain help develop a vibrant energy sector at home while creating stability and opportunity across the globe. solutions at speed and scale to provide the benefits of oil and gas for future generations, while reducing Aramco’s GHG emissions from oil and gas operations. Death Benefit: Saudi Aramco pays an ex-gratia death benefit equal to 24 months base pay if death is from an industrial accident and 12 months base pay if death is non-industrial related. Extra incentives related to the worksite location that could reach up to 70% of the basic annual salary. How do job seekers rate their interview experience at Saudi Aramco? 56% of job seekers rate their interview experience at Saudi Aramco as positive. The Research and Development Center located at our headquarters in Dhahran, Saudi Arabia. RSA – Responsible Standardization Agent. What is the highest salary at Saudi Aramco? The highest-paying job at Saudi Aramco is an Investment Director with a salary of $337,453 per year (estimate). DENTAL, VISION & OTHER OPTIONS. Find out how to apply for a job at Aramco and join a global leader in the energy sector. What is the highest salary at Saudi Aramco? The highest-paying job at Saudi Aramco is an Investment Director with a salary of $278,444 per year (estimate). Dec 12, 2014 · Saudi Aramco employees get to enjoy comprehensive benefits tailor fitted to individual needs and preferences. Dec 31, 2023 · Aramco’s net income was $121. Great benefits + work-life balance in a beautiful office setting. OOK – Out of Kingdom. Jan 1, 2024 · The Aramco U. Flexible Benefit Plan (the “Plan”) for eligible employees. Headquartered in Dhahran, Saudi Arabia We are looking for experienced professionals in a wide range of fields including engineering, geosciences, drilling, R&D, as well as education, finance, law, and other administrative areas. The company began drilling for oil in 1938. Saudi Aramco scientist Ola Ali, who is located at the company’s research center at KAUST, is pursuing the Holy Grail in C2C research — creating a catalytic process that can upgrade and directly convert any crude type into chemicals in a single step. The Savings Plan is a Section 404(c) plan under the Employee Retirement Income Security Act of 1974 (“ERISA”), which governs qualified U. Learn more about the benefits, process of enrolling and select the perfect plans for you and your family. Permanent Employment on an Indefinite Term Employment Agreement. • Saudi Aramco Incentive Plan (SAIP): This is a broad-based annual and performance based incentive plan Feb 28, 2022 · Launched in 2017, the Digital Transformation program is designed to optimize, accelerate and align our projects and initiatives. At Aramco, Offer is a big deal — a huge deal! Offer is the official Aramco Corporate Benefit Program. From AI to robotics, cutting-edge 4IR technologies are revolutionizing every aspect of Aramco’s business and operations. We generally seek candidates who possess a minimum of five to 10 years of applicable experience. What do the following abbreviations mean? 9COM – Saudi Aramco's material classification system that describes a commodity or a class of materials, but not a specific item. OSPAS — Aramco’s Oil Supply Planning and Scheduling (OSPAS) department is the “nerve center” of the company’s operations. Welfare Benefit Plan were sponsored by the Saudi Arabian Oil Company and named as the “Saudi Aramco Retiree Medical Payment Plan” and “Saudi Aramco U. The Arabian Sun. If you wish to enroll, you must do so within 31 days after your hire date or 60 days after your eligibility as detailed in the “Changing Coverage” section below . No there is no pension. Jun 27, 2022 · At ARC KAUST, AI and machine learning enable us to predict and simulate operational performance digitally, minimizing the number of experiments and field visits required for data collection. Shop and compare Medicare plans. On May 21, 2024, Aramco Far East (Beijing) Business Services Co. This award is based on the length of continuous service and final pay (including base salary, standard overbase, and benefits supplement) and can be substantial. View all the benefit programs, plans, and coverage. Today, the latest variant of the technology can capture and store up to 25% of the CO 2 in their exhaust omissions on-board, before unloading the gas at fuel stations for sequestration or recycling into other forms of The required graduate applicant qualifications are: Bachelor degree or higher obtained through full-time study. Technical Services Department (Houston) Our Technical Services team is focused on finding technologies that ensure safe, reliable operations that contribute to the success of Saudi Aramco. The year-on-year decrease can be attributed to lower crude oil prices and volumes sold, as well as reduced refining and chemicals margins, partially offset by a decrease in production royalties during the Research hub. Science specialist – 10+ years experience, April 2023. We are committed to moving the energy industry forward by connecting May 16, 2024 · Saudi Aramco employees rate the overall compensation and benefits package 4. Aug 19, 2022. Minimum GPA for technical majors (engineering, computer science, information technology, geology, geophysics, chemistry, physics, mathematics and others) is 2. Apr 24, 2024 · Become a supplier. We are a company of more than 500 experienced professionals. 199 employees at Saudi Aramco rank their Compensation in the Top 15% of similar sized companies on Comparably (based on 580 ratings) while 184 employees at Saudi Aramco rank their Perks And Benefits in the Top 20% of similar sized companies on Comparably (based on 189 ratings). Title: HR Policy Analyst-Benefits. Job Req ID: 14273. Company is poorly managed, the recent President of Aramco America’s (formally Aramco Services Company), laid off 35-40% of the US employees for reasons no one can figure out. Aug 27, 2014 · Which benefits does Saudi Aramco provide? We would like to show you a description here but the site won’t allow us. Jun 6, 2017 · The Aramco IPO marks a historic shift for the Saudi economy and the global oil market writ large. 0 out of 4 (or 3. Retirement Income Plan (“RIP”) is sponsored by Aramco Shared Benefits Company (“ASBCO”). Join our team and enjoy a rewarding career where openness, knowledge sharing, and innovation are at the very core Jun 17, 2020 · The completion of the transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead. o All. The transaction represents a continuation of Aramco’s strategy to unlock the potential of its asset base and maximize value for its shareholders. Section 404(c) of ERISA and Regulations Oct 25, 2021 · Aramco’s Corporate Benefit Program features more than 400 discounts in 12 different categories. Learn about the excellent compensation and industry-leading benefits that Aramco offers to its employees. Retirement Income Plan Plan Sponsor and Plan Administrator: Aramco Shared Benefits Company Two Allen Center 1200 Smith Street Houston, TX 77002-4313 Phone: (713) 432-4132 Employer Identification Number:84-4364434 Plan Number: 001 Plan Year: January 1 – December 31 Agent for Service At Aramco, our behavior is what defines us - as a company, as employees, as people. In 2019, Aramco established the first hydrogen fueling station in Saudi Arabia for the use of our test fleet, whilst countries such as Japan, China and South Korea are also investing Dec 15, 2019 · It is all about competition. In addition to Standard Oil of California, the shareholders were Texaco, Standard The concept of a CCUS hub is that industrial emitters share the CO 2 transport and storage infrastructure, reducing risks and cost while leveraging economies of scale. , Ltd (“ABS”) was honored as “Top 30 Best Employer” at the 2024 Happy Enterprises Forum for its remarkable performance in terms of working environment, benefits, corporate culture and career development. aramco. Rewards & Benefits Healthcare Access to top-tier healthcare and health services is an important part of maintaining the quality of life in our expatriate communities, and we are committed to delivering compassionate, convenient, high-quality care. Helpful. The RIP is a defined benefit pension plan which provides benefits for (1) vested Employees who retire from the Company (as defined herein) or (2) vested Employees who Website. ” Mar 11, 2024 · About Aramco Energy security for a more-sustainable world. Aramco treats employees VERY well and working with such diverse staff is great. CT Hint: The chat function can be found in the top right corner. Aramco's global corporate environment while exploring their interests and developing professional skills and competencies. Click “Chat” in the top-right corner, or click the Chat tool at We offer an outstanding benefits package for our Saudi employees, inclusive of a generous property, health, dental, savings and retirement packages. With this acquisition, which follows the signing of an equity purchase agreement by the companies announced last August, Aramco accelerates its goal of becoming The required experienced applicant qualifications are: Qualifications: Minimum of three years of work experience. 5 times their monthly final pay. We support and encourage our people to create value-driven digital solutions. LLC (“SAEV”) and Aramco Venture Management Consultant Company (“AVMCC”) are not Associate for most purposes under the d Companies RIP. Pilot, June 2023 10+ years experience. Saudi Aramco Energy Ventures U. Instead, SAEV and AVMCC Employees may be eligible for a Cash Balance Plan (“CBP”) benefit under the RIP, as outlined in Appendix 2 of this SPD. Saudi Aramco pays an ex-gratia death benefit that's equal to 24 months base pay for industrial accidents and 12 months base pay if it's not industrial related. En- rollment in the program is elective and offers both in-network and out-of-network vision benefits including, exams, glasses, and con-tact lenses. Saudi Aramco benefits and perks, including insurance benefits, retirement benefits, and vacation policy. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer. That would not preclude the employee from enrolling all of his children (all 6) in SAES while they are of elem. “Amazing work environment, and great colleagues”. We are one of the world's largest integrated energy and chemicals companies, creating value across the hydrocarbon chain, and delivering societal and economic benefits to people and communities around the globe who rely on the vital energy we supply. Overall, 84% of employees would recommend working at Saudi Aramco to a friend. We are in search of experienced Downstream, Upstream, Midstream, Project Management, Human Resources, Finance, Marketing professionals interested in contributing to a world-class operation while enjoying the expatriate lifestyle. ”. ” ( A response will be returned via the secure mail-box within the website) 8 a. Secure Message through the Aramco Benefits Center Go to the “Contact Us” page and select “Send a Question to a Benefits Representative. aramcoDURA. DEADLINE TO APPLY: 3. Showing 1–0 of 0. We work with manufacturers in the Americas to source high-quality materials for Saudi Aramco. Careers. Feb 28, 2022 · To drive digital transformation across our operations, we have also deployed unmanned aerial vehicles (UAVs) to perform safer and more cost-effective safety inspections on oil rigs and other facilities. CT Live chat through the Aramco Benefits Center 8 a. When your people are stressed about life, they have trouble focusing on work. The Plan is a component benefit plan under the Aramco U. Aramco's benefits package is estimated to be valued at $450 per employee. It’s amazing to work for the company”. I am Working in Saudi Arabia for the last 8 years. The IPO will, in fact, raise nearly $26 billion for the Saudi Aramco employee benefits and perks data in Saudi Arabia. It is primarily state-owned but raised $29. He was recalled to Arabia and then “retired”. Andrew Gray | February 28, 2022. Sep 15, 2020 · The Aramco U. We are demonstrating clear technology leadership in this field. The Arabian SunOctober 25, 2021. The turbine was produced at the Siemens Dammam Energy Hub — Saudi Arabia’s first gas turbine manufacturing facility and the largest in the Middle East. 0 out of 5 or equivalent scores to systems used by the UK 34. From engineers and scientists to procurement specialists and more, our Aramco Americas. This enables you to tailor your benefits package to your individual needs and preferences. Your benefits | Aramco. Access the Aramco Benefits Center 2. Sadly communication and management of problem/underperforming employees are terrible which can lead to intense job dissatisfaction. With our significant investment in technology Dec 11, 2019 · On December 11, 2019, shares amounting to 1. OTHER IMPORTANT INFORMATION The legal plan name: Aramco U. Ammar A. In line with Saudi Vision 2030 and Saudi Aramco’s iktva program, Siemens delivered its first gas turbine built in Saudi Arabia in 2016 — the first of five. 31. Our Parent company also manages one of the world's largest proven conventional crude oil and condensate reserves and natural gas reserves. Harnessing 4IR technologies has a range of benefits, from improving productivity and profitability, to enhancing safety, efficiency and sustainability. I accepted an offer from ARAMCO grade 12, SMP through ABIS. As well as offering exciting professional opportunities, we have a range of attractive supporting benefits. Aramco Americas. In accordance with the Saudi Labor Law, Saudi Aramco offers severance pay to employees who leave after two or more years of satisfactory service. We are committed to moving the energy industry forward by connecting This Summary Plan Description (or “SPD”) describes RIP benefits for Employees of the Saudi Arabian Oil Company (“Saudi Aramco”) whose last Period of Employment (as defined herein in the “Who is Eligible” section below) is on or after January 1, 2021. Excellent dispersant qualities and additive compatibility. “I worked at Saudi Aramco full-time for more than 8 years. Aramco occupies a unique position in the global energy industry. 9CAT – Specific items whose descriptions are maintained by Saudi Aramco in our catalogue. - 5 p. Al Nahwi, R&DC manager. We help procure the talent and resources our parent company needs to develop new thinking, new approaches, and new solutions for the future of energy. Encourage saving throughout their career and help them figure out how buying a home, paying for education and 1. Medical care. What can you tell the job seeker about Saudi Aramco's Retirement Plan? Sep 30, 2015 · This new employee can use EAP benefits to send up to 4 kids maximum to Boarding schools for the employee's career at Saudi Aramco. Aramco strives to recognize talented individuals to join our innovative teams in Saudi Arabia. Career development: We recognize and value professional growth and achievement, so you’ll have many opportunities to develop your career and expertise. Jan 1, 2021 · prescription plan that the Aramco Shared Benefits Company (“ASBCO”) sponsors for Retired Employees who were on the U. ★★★★★. Compelling remuneration package. Death benefit. We offer exciting professional opportunities and attractive supporting benefits. Under th ePlan, you will be able to choose among certain benefits that we make available. Hydrogen, ammonia, and fuel cell technologies also have impressive potential as lower-carbon transport solutions for the future. Consistent quality from a single source of crude oil. Apr 22, 2024 · Saudi Aramco employees rate the overall compensation and benefits package 4. The origins of Aramco began when Standard Oil of California set up a new overseas exploration unit after signing a concession agreement with Saudi Arabia in 1933. benefits under the RIP. May 7, 2024 · At Aramco, our behavior is what defines us - as a company, as employees, as people. MEDICARE. 3. 3 billion in 2023, compared to $161. “We are targeting to make the reaction in one step,” she says confidently. 5 word minimum. Apr 9, 2021 · Upon closing, Aramco will receive upfront proceeds of around $12. va vq li yy bj fu bu ve bz tb