Saudi Aramco becomes the world’s most valuable company and overtook Apple Inc. – Oil giant Saudi Aramco has become the world’s most valuable company due to the recent surge in oil prices and surpassed Apple Inc. Aramco’s market capitalization is about $2.43 trillion and The iPhone’s market capitalization fell 5.2% to close at $146.50 per share, giving it a valuation of $2.37 trillion.
- Oil giant Saudi Aramco recently reported a 124 per cent net profit surge for last year.
About Saudi Aramco
- Saudi Aramco Founded: 1933;
- Saudi Aramco Headquarters: Dhahran, Saudi Arabia;
- Saudi Aramco CEO: Amin H. Nasser.
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