1. Aramco

Country: Saudi Arabia
Sector: Energy
President and CEO: Amin H. Nasser
Market Value: $2.1 trillion
Sales: $604.4 billion
Profits: $161.1 billion
Assets: $664.8 billion

Aramco was the world’s largest oil company and third most valuable company as of May 15, 2023. In March 2023, the company completed the acquisition of Valvoline Global Operations for $2.65 billion. It also acquired a 10% stake in Shenzhen-listed Rongsheng Petrochemical for $3.6 billion to expand its downstream presence in China. In April 2023, the Saudi government transferred 4% of Aramco’s shares to the kingdom's sovereign wealth fund's fully-owned subsidiary Sanabil Investments, while the state remains the largest shareholder, retaining 90.2%.