state-owned Logos and Brands

State-owned enterprises, partially owned by governments, are included in the “State-Owned” section. Saudi Aramco (Saudi Arabia), Sinopec and PetroChina (China), Gazprom (Russia), and Petrobras (Brazil) are among the world’s largest corporations by revenue. Sovereign wealth funds manage state-owned airlines Emirates, Singapore Airlines, and Etihad. Telecommunications operators Deutsche Telekom (with a stake held by the German government) and SingTel complete the list. The logos in this section mark companies where the government is the controlling shareholder and corporate strategies are intertwined with the geopolitical interests of the owner country.