H.E. Khalid A. Al-Falih of Saudi Aramco is the 2016 “Energy Intelligence Petroleum Executive of the Year”
Energy
Intelligence announced today that H.E. Khalid A. Al-Falih, Chairman
of the Board of Directors of the Saudi Arabian Oil Company (Saudi
Aramco), has been named 2016 Energy Intelligence Petroleum Executive of
the Year. He was chosen by a selection committee made up of top global
oil industry executives, and is the 20th winner of this highly regarded,
peer-selected honor. The award will be presented to Al-Falih on October
18, during the 37th Annual Oil & Money Conference in London.
“The selection of H.E. Khalid A. Al-Falih by his peers is a reflection
of his strong leadership of Saudi Aramco, the world’s largest oil
company, during a period of dynamic growth and unprecedented challenges
to the international petroleum industry,” said Thomas Wallin,
Editor-in-Chief of Energy Intelligence.
Al-Falih was appointed Chairman of the Board of Saudi Aramco in April
2015. He joined the company in 1979 and has held a number of positions
of increasing responsibility, including Executive Vice President of
Operations, and President and Chief Executive Officer from January 2009
until April 2015.
Al-Falih led the expansion of Saudi Aramco’s oil production capacity
through a number of upstream projects and also significantly increased
its refining and petrochemical capabilities through a series of new
world-class facilities. In addition, the company has continued to
reliably supply international petroleum markets as the world’s largest
exporter of crude oil, with direct sales to all main world markets, as
well as supplying its own international refining and marketing
partnerships.
Under his leadership, the company became a major natural gas producer as
part of a strategy to reduce domestic use of liquid fuel for power
generation and to drive economic growth and diversification. Al-Falih
was also instrumental in Saudi Aramco’s emergence as a leading innovator
and creator of advanced technology through the establishment of a
network of research centers, both in the kingdom and internationally, in
partnership with world-renowned academic and industry research
institutions.
In the months leading up to the UN International Conference on Climate
Change -- COP21 Paris -- Al-Falih played a leading role in the World
Economic Forum-sponsored Oil and Gas Climate Initiative (OGCI), an
industry-driven initiative that sought to catalyze practical, meaningful
and technology-enabled actions to address climate change. In September
2014, Al-Falih spoke on behalf of the industry at the UN-sponsored
Climate Summit in New York, where he called for collaboration and the
sharing of best practices and technical solutions to address climate
change and sustainable energy.
Al-Falih holds a bachelor of science degree in mechanical engineering
from Texas A&M University and an MBA from King Fahd University of
Petroleum and Minerals (KFUPM). He was chair of the World Economic Forum
Oil & Gas Community and served on many boards, including KFUPM
International Advisory Board; J.P. Morgan International Council; Asia
Business Council; International Business Council of the World Economic
Forum; MIT Presidential CEO Advisory Board; Royal Academy of Engineering
(Fellow); and Prince Mohammad bin Fahd University Board of Trustees. He
is currently serving on the board of King Abdullah University of Science
and Technology (founding member) and on the American University of
Sharjah Board of Trustees.
The selection process for the Energy Intelligence Petroleum Executive of
the Year is administered by Energy Intelligence, which gathers
nominations for the award from the heads of the 100 largest oil
companies, as determined by the annual company rankings by Energy
Intelligence, in the Energy Intelligence Top 100: Global NOC & IOC
Rankings. Nominations are then voted on by a special selection committee
made up of previous award winners and other senior oil executives.
Previous winners include Rex W. Tillerson of ExxonMobil (2015), Emilio
Lozoya Austin of Pemex (2014), Peter Voser of Royal Dutch Shell (2013),
Fu Chengyu of Sinopec (2012), José Sergio Gabrielli de Azevedo of
Petrobras (2011), and Andrew Gould of Schlumberger (2010).
About Energy Intelligence (www.energyintel.com)
Energy Intelligence has provided over six decades of widely
recognized energy and geopolitical information, analysis, data and
research to energy executives worldwide. It has set the industry
standard for excellence with an integral team of analysts that use their
deep expertise to generate indispensable products and services for the
international energy industry. The company’s Research and Advisory team
also manages international projects for individual clients, compiling
incisive reports and data analytics. Our reputation is built on the
quality and depth of our knowledge, which is also exemplified by our
high-profile annual conference, Oil & Money.
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