Home » Other » Most valuable company in the world is Alphabet or Apple, right? Think again.
Warning: Use of undefined constant single_postformat - assumed 'single_postformat' (this will throw an Error in a future version of PHP) in /home/www/wwwroot/alloy.wiki/vews/8576a81b5d/single.php on line 24
class="container-posts single_postformat post-3725 post type-post status-publish format-standard hentry category-other odd">

Most valuable company in the world is Alphabet or Apple, right? Think again.

Posted by: Alloy 2020-12-31 Comments Off on Most valuable company in the world is Alphabet or Apple, right? Think again.

Aramco, a Saudi Arabian based enterprise is by a considerable margin, the most valuable company in the world. Owned by the national government, this colossus of a company is

estimated to be worth more than a mouthwatering $2 trillion. Operating with over 1/5 of the world’s supply of petroleum reserves, there is not a company on planet earth that can

even begin to compete. 


Here are just 3 facts that demonstrate the magnitude of Aramco: 


Crude oil and condensate reserves (billions of barrels): 261.1
Gas reserves (associated and nonassociated) (trillions of standard cubic feet): 297.6

Crude oil production (annual/billions of barrels): 3.7; (daily/millions of barrels): 10.2


Regardless of the value of this company, they also contribute an enormous amount to their local and national economy: 

 

Economic impact


Value of material procurement spending awarded to local manufacturers: $2.1 billion
Value of contract procurement awarded to local market: $26 billion
Percentage of material procurement spending awarded to local manufacturers: 37%
Percentage of contract procurement awarded to local market: 80%  

  Employees – 65’000


However, what is most striking about the recent revelations of Aramco is that the government is for the first time in their tenure looking to sell a percentage to a private investor.

The state-owned organization is going to sell off 5% of the company in a bid to start venturing down other economic routes, considering the future is not going to be an oil

dependent world… the polar opposite in fact. Just 5% of the company is worth $100 billion, so you can fully expect a financial war to come when the government chooses to sell,

which is aimed to be before 2017. 


Most valuable company in the world is Alphabet or Apple, right? Think again.

Shanghai Metal Corporation is a trusted aluminum alloyaluminum foil pricestainless steel price and stainless steel manufacturer, kinds of stainless steel in china.

Guest contributors are welcome at the Alloy Wiki.It is a weekly wiki and guide on alloy information and processing technology, while also about the vast array of opportunities that are present in manufacturing. Our team of writers consists of a Machining Material Supplier / Machinist / Tool and Die Maker, a Biomedical Engineer / Product Development Engineer, a Job Development Coordinator / Adjunct Professor, and a President and CEO of a manufacturing facility.

Link to this article:Most valuable company in the world is Alphabet or Apple, right? Think again.

Reprint Statement: If there are no special instructions, all articles on this site are original. Please indicate the source for reprinting:Alloy Wiki,thanks!^^