In this article, we will take a look at the 5 biggest non-tech companies in the world by market cap. To see more such companies, go to 15 Biggest Non-Tech Companies in the World by Market Cap.
5. Exxon Mobil Corporation (NYSE:XOM)
Market Capitalization: $446B
Exxon Mobil Corporation (NYSE:XOM) is perhaps the most famous oil and gas company in the world. The company had a banner year in 2023 amid rising oil prices and energy demand. Exxon Mobil Corporation (NYSE:XOM)’s stock gained 63% over the past year. 2023 is also expected to be a strong year for the company. In a latest program on CNBC, Energy Aspects founder and director of research Amrita Sen said that energy prices will move higher in 2023. The analyst also said that the global economy will start to recover from March and that would increase the demand for oil. Exxon Mobil Corporation (NYSE:XOM) is also a strong dividend payer and is a dividend aristocrat, having increased its dividends consistently for the last 39 years.
4. Johnson & Johnson (NYSE:JNJ)
Market Capitalization: $468B
With a market cap of over $468 billion, Johnson & Johnson (NYSE:JNJ) is one of the biggest non-tech companies in the world. It makes medical devices, consumer packaged goods and pharmaceuticals. Johnson & Johnson (NYSE:JNJ) was in the limelight in 2022 as investors piled into the stock for its dividends and stability. Johnson & Johnson has been increasing its dividends consistently for the last 60 years. That’s why Johnson & Johnson (NYSE:JNJ) is preferred by income and value investors.
As of the end of the third quarter, 85 hedge funds tracked by Insider Monkey reported having stakes in the company, compared to 83 funds in the previous quarter.
3. UnitedHealth Group Inc. (NYSE:UNH)
Market Capitalization: $470B
UnitedHealth Group Inc. (NYSE:UNH) is one of the biggest managed healthcare companies in the world. UnitedHealth Group Inc. (NYSE:UNH) is the 7th biggest company in the world by revenue. In November, the company reiterated its 2022 EPS and adj. EPS guidance ahead of its annual investor conference.
UnitedHealth Group Inc. (NYSE:UNH) said it was expecting to post an EPS of $20.85 to $21.05 for the year, while adj. EPS for the period was expected to come in at $21.85 to $22.05. The consensus EPS estimate is $22.03. For 2023, UnitedHealth Group expects its revenue to come in at $357 billion to $360 billion, compared to the consensus estimate of $352.95 billion.
2. Berkshire Hathaway Inc. (NYSE:BRK-B)
Market Capitalization: $702B
This conglomerate headed by the Oracle of Omaha, Warren Buffett, is one of the biggest non-tech companies in the world, even though its hedge fund arm has huge stakes in tech companies. Berkshire Hathaway Inc. (NYSE:BRK-B) operates several businesses, including financial services, insurance, confectionary, railroads, machinery, electrical power and gas. It is also one of the most expensive stocks in the market, trading at around $475,798 as of January 4. In December, it was reported that Berkshire Hathaway Inc. (NYSE:BRK-B) sold about 1.33 million shares of BYD (OTCPK:BYDDF) for HK$267.69M ($34.43M). When Buffett’s firm buys or sells stakes in companies, the world pays attention.
Here is what Black Bear Value Fund has to say about Berkshire Hathaway Inc. (NYSE:BRK-A) in its Q3 2022 investor letter:
“Going forward I expect Berkshire to compound at above average returns from this price. BRK is a collection of high-quality businesses, excellent management, and a good amount of optionality in their cash position. If the cash were to be deployed accretively, the true value would be greater than an 8% premium (as mentioned above). The combination of a pie that is growing, an increasing share of said pie due to stock buybacks, upside optionality from cash and a tight range of likely business outcomes that span a variety of economic futures gives me comfort in continuing to own Berkshire.”
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.
