Ort>Nachrichten von Bau und Gebäude > Most valuable company in the world is Alphabet or Apple, right? Think again.

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.