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

10/05/2022 Argaam

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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