According to the most recent list published by Forbes magazine, the largest company in the world is Saudi Aramco. It is a Saudi Arabian state-owned oil and gas company that was founded in
1933. It produces approximately one tenth of the world’s oil supply, providing much of the fuel used for transportation and many other industries around the globe. The company has operations in over 40 countries and its headquarters are located in Dhahran, Saudi Arabia. In 2019, it was listed on Tadawul, the Riyadh stock exchange, making it the most valuable publicly traded company in the world with a market capitalization of $
1.7 trillion.
Not only is Saudi Aramco the largest company in terms of market value but it also holds claim to some impressive production numbers. It produces nearly three million barrels per day and holds proven reserves of 266 billion barrels—more than any other company or country worldwide. In addition to its production capabilities and vast reserve base, it is involved in refining, petrochemical manufacturing, domestic sales and international shipping.
Despite its size and dominance in global markets however, Saudi Aramco still faces some significant challenges ahead as demand for petroleum products has begun to shift toward more renewable energy sources such as solar power and wind energy. Although they have adapted by diversifying into clean energy solutions like biofuels and hydrogen fuel cells, this is likely only a small part of their overall portfolio moving forward.
No matter what lies ahead for this massive company though one thing remains certain—Saudi Aramco will continue to be one of the most influential corporations on earth for years to come.
How did a company as little as Walmart goes global, in the mid-1940s, and stay there for nearly four decades?
In 1945, a young and ambitious entrepreneur named Sam Walton opened the first Walmart store in Rogers, Arkansas. What began as a single variety store quickly grew into a regional chain of stores, allowing Walton to tap into larger markets across the country. By the mid-1960s, Walmart had spread to more than 25 states and was positioning itself for growth even further.
The key behind Walmart’s success in going global has been its ability to adapt to different markets. It did so by offering low prices, high quality products and friendly customer service. This enabled Walmart to compete with bigger retail chains on an international scale and gain market share from them. Additionally, Walmart made extensive use of technology and logistics to keep their costs low while also providing rapid delivery times for customers around the world.
Walmart has also invested heavily in research and development over the years. This allowed it to stay ahead of the competition in terms of product offerings as well as efficient supply chain management methods. Finally, Walmart has always placed an emphasis on ethical practices with suppliers throughout all its operations worldwide, enabling it maintain relationships with local communities while still expanding its presence across multiple continents.
With nearly four decades of global domination behind it and with lessons that can still be learned from its success today, there’s no question that WalMart has achieved a remarkable feat in becoming one of the world’s largest companies.
