In 2018, we have been granted 309 patents by the United States Patent & Trademark Office (USPTO), ranking us 2nd among Oil & Gas companies. In the many years to come, we aim to push the limits of our innovation and take the lead in technology development around the globe. For more on our technology: http://ow.ly/lNoU50rX9R3 #Saudi_Aramco_technology #WorldIPDay #innovation #patent | aramco

The USPTO met a major milestone by reducing the patent application backlog to below 800,000 – helping inventors and businesses secure the intellectual property protections they need to support the economy. Reducing the inventory and shortening patent pendency positively impacts the economy. According to a recent study from the USPTO's Office of the Chief Economist, a one-week patent pendency reduction could increase a U.S. company's financial value on average $35,000. In July, the agency set out