World's Biggest Company - It's Saudi Aramco and not Apple Computers!

Many of us when we think of world's biggest company we will picture Apple Inc. Some of us may also include ExxonMobil. To clear the air, the most valuable publicly traded company in the world, is indeed Apple. 

Since 2007, ExxonMobil has been playing chase and run with  ICBC, the Chinese government linked Bank. ICBC took the helm of the world's biggest company with asset figure from ExxonMobil in 2008. After that, the two companies have been switching the top spot. All of these companies are being publicly traded in the New York Stock Exchange making their asset figure public and known. ICBC took the helm as the publicly traded biggest company in the world in 2013.

Under the radar however, lies another story, by reserve asset figure, the world's biggest company is Saudi Aramco, due to its huge reserve of oil within Saudi Arabia. The company has existed for almost a century,
first being setup by the Americans as America - Saudi Oil Company in the early 1900s. Saudi Arabia government then took the company private and ever since its financial standing is confidential - as with most government owned oil companies in the world.

It is estimated that Saudi Aramco well over $1 trillion petro dollars in asset standings alone. The company also has assets and marketing arms all over the world including London, Netherland, New York and China. Being a state-owned company, Saudi Aramco has been the key driver in modernizing the state of Saudi Arabia, apparent in Jeddah and Riyadh as well as in Dhahran as being its headquarted. Saudi Arabia is also home to Muslims's most holiest sites, Mecca and Medina, both have seen modernization and influence of Western companies and businesses, albeit to the dissatisfaction of some of the local Saudis. 

It would be interesting to see the future of Saudi Aramco as it continues to pump out petro dollars in its investments. The company has recently called for works to become the world's leading refinery - petrochemical integrated company for its strategic direction. Much of this will require technology in the chemical industry as well as revolutionise the energy inputs, something that Saudi Aramco takes pride in its renewable division.