5 Biggest Non-Tech Companies in the World by Market Cap

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1. Saudi Aramco Base Oil Company – Luberef (TADAWUL:2223.SR)

Market Capitalization: $1.8 trillion  

Saudi Aramco Base Oil Company – Luberef (TADAWUL:2223.SR) is the biggest non-tech company in the world. The Saudi oil giant has the second-largest proven crude oil reserves which are estimated to be at a whopping 270 billion barrels. Naturally, Saudi Aramco Base Oil Company – Luberef (TADAWUL:2223.SR) is the single biggest carbon emissions producer in the world. Saudi Aramco Base Oil Company – Luberef (TADAWUL:2223.SR) has been enjoying a huge uptick in profits amid a rising demand of energy fueled by the war in Ukraine. Last month, the Saudi government posted a whopping $27 billion budget surplus. While the world suffers from soaring energy prices and general inflation, oil-rich nations like Saudi Arabia are enjoying huge revenues as European nations line up to secure oil and gas deals in hopes of cutting their reliance on Russia.

You can also take a peek at 10 Stocks to Buy According to Mark T. Gallogly’s Centerbridge Partners and 8 Stocks to Buy According to Alexander Captain’s Cat Rock Capital.

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