1. Exxon Mobil (Estimated Value: $363.3 billion)
Here we are at the top of our Formula 1 richest companies list with Exxon Mobil. Founded in 1859, the company has reached an estimated value which is nowhere near any other companies we have discussed earlier. Even Siemens in second place can only match a third of Exxon Mobil’s value.
$363.3 billion of estimated market cap. That is how staggering this company is. And more than seventy thousand employees work for Exxon Mobil to generate around $236 billion of sales revenue per year. These numbers put it as the world’s ninth biggest public company.
So, what is Exxon Mobil’s contribution in Formula 1 racing?
Besides sponsoring McLaren Honda team for decades as Mobil 1, Exxon Mobil supplies fuel, lubricant, and motor oil for the team last season. And for the next season, Exxon Mobil has signed a contract to end its long-time partnership with McLaren and become the official partner to Red Bull Racing team, replacing Total.
You should get the idea by now, how Formula 1 has been a great platform not just for motoracing, but also for these biggest richest companies in the world to extend their revenues.
