Saudi Aramco
TOP 10
Saudi Aramco
Market cap : $ 2.193tn
By some distance , Saudi Aramco stands tall at the top of the energy league . In May , it posted extraordinary Q1 results with net income jumping 82 % year-onyear to $ 39.5bn – a new quarterly earnings record for the company since its IPO in 2019 – and declared a dividend of $ 18.8bn .
The Saudi energy giant continues to expand its presence in Europe and Asia , acquiring a 30 % stake in a 210,000bpd refinery in Gdansk and embarking on a JV with North Huajin Chemical Industries Group Corporation and Panjin Xincheng
Industrial Group to establish a 300,000bpd refinery and petrochemicals complex in China .
Moving forward , Aramco will continue to collaborate with domestic and international partners to explore new and emerging technologies and solutions , from developing cleaner transport technologies to establishing low-carbon hydrogen and ammonia value chains .
It aims to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly owned operated assets by 2050 .
78 August 2022