Saudi Aramco surpasses Apple to become world’s most valuable firm

Saudi Aramco’s storage tanks

Saudi Aramco topped the list of largest companies by market capitalization today, May 10, with a market value of $2.464 trillion, surpassing US tech major Apple Inc.’s value of $2.461 trillion.

Shares of the Saudi oil giant hit its highest level at SAR 46.20 in early trading today on the Saudi Exchange (Tadawul).

Microsoft came in third place with a market value of $1.978 trillion.

The following is the list of the world’s top 20 biggest companies by market capitalization:

World’s Largest Companies in Terms of Market Capitalization
Ranking	Company	Sector	Country	Market Capitalization ($ bln)
01	Saudi Aramco	Energy	Saudi Arabia	2,464
02	Apple	Technology	USA	2,461
03	Microsoft	Technology	USA	1,978
04	Alphabet (Google)	Technology	USA	1,485
05	Amazon	Technology	USA	1,106
06	Tesla	Cars	USA	815
07	Berkshire Hathaway	Investment	USA	692
08	Meta (Facebook)	Technology	USA	561
09	Johnson & Johnson	Healthcare	USA	467
10	United Health	Healthcare	USA	456
11	TSMC	Technology	Taiwan	454
12	Tencent	Technology	China	428
13	nVIDIA	Technology	USA	422
14	Walmart	Retail	USA	417
15	Visa	Financial Services	USA	415
16	Procter & Gamble	Consumable Goods	USA	373
17	JP Morgan Chase	Banking	USA	363
18	ExxonMobil	Energy	USA	357
19	Samsung	Technology	South Korea	350
20	Nestle	Nutrition	Switzerland	336

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