The market value of Saudi Arabia’s Aramco, the world’s largest oil company, has surpassed the American company Apple, making the Saudi oil giant the world’s top-valued company.
This came after the company’s share rose to 46.20 riyals, bringing the market value to $2.464 trillion (9.24 trillion riyals), while Apple was valued at $2.461 trillion.
According to Bloomberg, the market value of Apple reached its peak on January 4 at $2.960 trillion, but it has remained on a downward path since then, losing nearly $484 billion, while high oil prices supported Aramco’s prospects.
https://www.siasat.com/saudi-aramco-surpasses-apple-is-now-worlds-most-valued-company-2324394/
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