Saudi Aramco is currently the most valuable company in the world. They have a stock price of 32.9 riyal. The value of the Riyal is pegged to the US dollar at 0.27 dollars to one Riyal. Saudi Aramco is worth $1.78 trillion.
Apple is currently at $1.59 trillion
Microsoft is $1.53 trillion
Amazon is at $1.38 trillion
Google is just shy of $1 trillion
A 10% upwards move in one year is easy for giant technology companies. They have annual growth of about 15-30%.
The entire US oil and gas industry is worth about $1 trillion. In 2019, the US oil and gas industry averaged around $1.6 trillion in combined market value.
SOURCES- Barrons, Google Finance
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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The Aramco valuation is not accurate since they don’t trade freely. So in reality all the mentioned tech companies probably exceed it already
The difference is that Aramco released only 5% of its shares to the public, retaining 95% privately. I don’t know if they floated more shares by now, but the threat of share dilution is reason to stay away from it, so I haven’t been following it. Apple and Microsoft have been very good for me though, mostly in a technology fund 🙂