Aramco’s $90 Billion Push Deepens US Ties and Signals Massive Energy and Tech Shift

In a bold move signaling one of the most comprehensive bilateral investment drives in recent years, Saudi Aramco has signed 34 new agreements with American companies worth a potential $90 billion (approx. RMB 648 billion). The sweeping set of deals spans critical sectors including LNG, fuels, chemicals, AI, digitalization, and finance, reinforcing the energy giant’s evolving strategy to anchor itself at the nexus of innovation and sustainability.

Among the highlights, Aramco inked a memorandum of understanding with ExxonMobil to evaluate a potential upgrade of their SAMREF refinery and transform it into a fully integrated petrochemical hub. A separate agreement with Motiva could bring an aromatics project to life in Port Arthur, pending final investment approval. Honeywell UOP, Afton, and Sempra Infrastructure also joined the wave of energy collaboration, while Woodside Energy and NextDecade agreed to supply liquefied natural gas for decades to come.

But Aramco’s ambitions extend far beyond hydrocarbons. A new MoU with NVIDIA will launch an industrial AI center and robotics lab. Amazon and Qualcomm are set to support digital and low-carbon transformations, while SLB, Baker Hughes, and Halliburton strengthen procurement ties.

The financial sphere wasn’t left behind—deals with BlackRock, Goldman Sachs, PIMCO, and Morgan Stanley underline a deliberate move to diversify partnerships in asset management and short-term cash investment.

Aramco’s CEO Amin Nasser said the move reflects the deep and enduring relationship with the US, dating back over 90 years since the first oil discovery in the Kingdom. The scale and diversity of these agreements show Aramco is not just fueling the world, but reinventing how it does so.