Saudi Aramco, a Wellspring of Oil, Wants to Become a Fount of Ideas

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DHAHRAN, Saudi Arabia—Saudi Arabia’s state oil firm is working to flip itself into an innovation powerhouse whereas its much-delayed plans to go public stay on maintain.

The U.S. Patent and Trademark Office granted Saudi Arabian Oil Co., higher generally known as Aramco, 230 patents final yr, 4 occasions as many as in 2013 when it racked up simply 57. That positioned Aramco third amongst oil-and-gas exploration and manufacturing corporations that yr, far behind Exxon Mobil Corp. however shut to Chevron Corp.

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