TOP 10

REVENUE : US $ 441bn EMPLOYEES : 116,000 CEO : AMIN H . NASSER FOUNDED : 1933

A state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia , Saudi Aramco is the world ’ s third largest company as set in Forbes ’ Global 2000 list , behind investment bank JPMorgan Chase and multinational conglomerate holding company Berkshire Hathaway .

Saudi Aramco ’ s success , much like the Kingdom itself , is founded on oil and gas . CEO Amin Nasser says the world should abandon the ‘ fantasy ’ of phasing out oil as demand for fossil fuels is expected to rise . It is the single greatest contributor to global carbon emissions of any company in the world and has been since 1965 .

Despite this , it is a key supporter of the energy transition , but CEO Amin Nasser says the current energy transition strategy is failing .

“ We should phase in new energy sources and technologies when they are genuinely ready , economically competitive and with the right infrastructure ,” Amin says , highlighting the importance of oil and gas security .

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