Saudi Aramco has announced agreements and memoranda of understanding (MoUs) with major US firms that could be worth more than $30 billion, marking a significant expansion of the state oil giant’s presence in the United States.

The deals, announced on Wednesday, include potential investments in liquefied natural gas (LNG) projects such as the Lake Charles LNG project with MidOcean Energy and a partnership related to Commonwealth LNG in Louisiana. The agreements also cover a broader range of areas, including financial services, advanced materials manufacturing, and the supply of materials and services.

Aramco’s CEO, Amin Nasser, emphasized the company’s long-standing relationship with American businesses, noting that these latest deals are intended to strengthen collaboration and drive innovation and growth.

The agreements were made public during the US-Saudi Investment Forum 2025 in Washington, DC. They add to previous announcements in May, when Aramco revealed 34 deals with US companies valued at nearly $90 billion.

US President Donald Trump and Saudi Crown Prince Mohammed bin Salman, who met at the White House this week, discussed plans for Saudi Arabia to increase its investment in the US to almost $1 trillion, building on a prior commitment of $600 million made earlier this year.

In addition to the LNG ventures, Aramco signed contracts with a number of US suppliers, including SLB, Baker Hughes, McDermott, Halliburton, KBR, Flowserve, NOV, Worley, and Fluor, reflecting a broad expansion of its business ties across multiple sectors.

These developments highlight Aramco’s strategic push to deepen partnerships with US companies while advancing its global growth and energy projects.