Market capitalization is a measure of a company’s size and is calculated by multiplying the number of shares outstanding by the current market price of a single share. It is often used as a measure of a company’s overall value and is commonly used to rank companies by size. Other companies that are currently among the largest in the world include Microsoft, Amazon, Google parent company Alphabet, and Facebook. Additionally, state-owned companies such as Saudi Aramco and China National Petroleum Corporation also rank among the largest companies in the world by market capitalization.
Furthermore, the ranking of companies by size can also vary depending on the source or the criteria used. For example, if we take revenue or profit as the criteria, the ranking of the companies would be different.
Apple
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company is well-known for its hardware products such as the iPhone, iPad, MacBook, Apple Watch, and HomePod. In addition to its hardware offerings, Apple also sells a wide range of software and services, including the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. The company also operates several online services such as the iTunes Store, the App Store, and iCloud. Apple was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne, and has since grown to become one of the largest and most valuable companies in the world.
Saudi Aramco
Saudi Aramco is a Saudi Arabian state-owned oil and natural gas company and is considered to be the world’s largest oil company by both production and reserves. The company is headquartered in Dhahran, Saudi Arabia, and was officially formed in 1988. However, its history dates back to 1933 when a concession agreement was signed between the Saudi government and Standard Oil Company of California (SOCAL), which later became Chevron.
Aramco is responsible for the exploration, production, and distribution of oil and natural gas in Saudi Arabia and has the largest oil reserves of any company in the world. It is also the world’s largest exporter of crude oil and petroleum products. In addition to its core oil and natural gas business, the company also has a significant presence in the petrochemical industry, refining and marketing, and has a growing downstream business. The company also has a number of international subsidiaries and joint ventures, including a refining and petrochemical joint venture with the French company Total.
In 2019, Saudi Aramco successfully completed an initial public offering (IPO) of its shares, becoming the first publicly traded company in the world with a market capitalization over 2 trillion dollars.
Microsoft
Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. It develops, licenses, and sells computer software, consumer electronics, and personal computers and services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Surface lineup of touchscreen personal computers.
The company was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by the Windows line of operating systems. Microsoft entered the consumer market with the Xbox and the Microsoft Surface.
It is one of the most valuable and profitable companies in the world and one of the most widely recognized brands in the world. Microsoft is also known for its long history of partnerships with other companies, such as its collaboration with Intel on the development of the x86 series of microprocessors and its partnership with Nokia in the development of mobile devices. The company is also a significant player in the enterprise software market, with products such as Azure, Dynamics, and LinkedIn.