Saudi Aramco surpasses Apple to become world’s most valued company: Report

Saudi Aramco surpasses Apple to become world’s most valued company: Report

The company’s share rose to 46.20 riyals, bringing the market value to $2.464 trillion

FPJ Web DeskUpdated: Thursday, May 12, 2022, 08:31 AM IST
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Saudi Aramco on Wednesday became world's most valuable company after surpassing Apple, reports from AFP stated.

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.

The news comes as surging oil prices drove up shares and tech stocks slumped.

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