Is Aramco really worth 2 trillion?
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Is Aramco really worth 2 trillion?
Saudi Aramco, the world’s biggest oil company, ended trading on Monday with a market value of over $2 trillion, a worth that had eluded it when it took its shares public. Shares in the company closed at 38 riyals, or about $10.13, giving the company a valuation of $2.03 trillion on the Saudi exchange.
How valuable is Aramco?
Saudi Aramco is close to claiming the prized position of the world’s most valuable company from Apple Inc. The Saudi state oil giant has soared on the back of higher energy prices, bringing its market value to $2 trillion, just shy of Apple at $2.3 trillion.
How much is Saudi Aramco worth in dollars?
Saudi Aramco is now worth $2 trillion, just shy of Apple, the world’s most valuable company. The oil giant has been gaining steam thanks to soaring energy prices and a supply shortage.
Is Saudi Aramco a trillion dollar company?
Saudi Arabia’s oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world’s most valuable company.
What was the first company worth 1 trillion dollars?
Apple
Apple was also the first publicly traded U.S. company to reach a $1 trillion market cap.
What is world’s most valuable company?
Microsoft passed Apple in market cap on Friday, making it the world’s most valuable publicly traded company, after Apple missed earnings expectations on Thursday. Microsoft had a market cap of nearly $2.49 trillion at market close, while Apple’s stood at about $2.46 trillion.
How many trillion dollar companies are there?
The current trillion-dollar club members There are currently just five companies that can claim a trillion-dollar valuation, four of which are based in the United States. Apple is the world’s only $2 trillion company, hitting that landmark in August 2020, just two years after achieving $1 trillion status.
Who is the owner of Aramco?
Government of Saudi Arabia
Saudi Aramco
| Headquarters in Dhahran, Eastern Province, Saudi Arabia | |
|---|---|
| Net income | US$49.0 billion (2020) |
| Total assets | US$510.4 billion (2020) |
| Total equity | US$264.2 billion (2020) |
| Owner | Government of Saudi Arabia (98.5\%) |
What companies are valued at 1 trillion?
As of June 2021, there are just five companies worldwide that have reached a valuation of $1 trillion: Apple, Microsoft, Saudi Aramco, Amazon, and Alphabet, but who could be next to join this exclusive club?
How many trillion companies are there in the world?
There are currently just five companies that can claim a trillion-dollar valuation, four of which are based in the United States. Apple is the world’s only $2 trillion company, hitting that landmark in August 2020, just two years after achieving $1 trillion status.
How much is Saudi Aramco worth?
So just how big is Aramco? The Saudis maintain that the state-owned company is worth at least US$2 trillion. While experts, analysts and oil executives have questioned that figure, there’s common consensus that the company is worth at least US$1 trillion. Of course, this leaves a huge value gap. For example, Apple Inc. is the world’s most valuable public company, with an estimated net worth of around US$870 billion.
Is Saudi Arabia an emerging market?
For Saudi Arabia, an emerging market designation may be just the starting point. The Saudi government plans to increase the number of companies listed on its stock market by nearly 50\%, from 170 to 250 companies over the next four years.
Is Aramco publicly traded?
Revenue for Saudi Aramco is not released. However, based on its production capacity and holdings, it can be estimated at well above that of ExxonMobil , the world’s largest publicly traded oil company. Exxon had annual profits between 19 and 40 billion USD over the last six years.
Who owns the Saudi Aramco company?
Aramco World (formerly Saudi Aramco World) is a bi-monthly magazine published by Aramco Services Company, a US-based subsidiary of Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia.