Accelerated Transformation Program (ATP) at Saudi Aramco

In April 2010, Saudi Aramco’s management started a strategic review exercise, which involved a detailed assessment of key global and regional trends, and the current and emerging business challenges potentially affecting the Company over the coming two decades. The goal of this effort included the identification of strategic growth opportunities, revalidation of major existing business strategies and development of new ones where appropriate, as well as the evaluation of the Company’s overall long-term strategic direction. To tackle the challenges and opportunities identified during that strategic review, the Accelerated Transformation Program (ATP) was officially launched by the CEO and members of Corporate Management during the annual post-Board road show.