Saudi Aramco dethrones Apple to become world's most valuable company
Shortpedia
Content Team
Image Credit: geo
Saudi Aramco, the petroleum and natural gas giant from Saudi Arabia, has dethroned Apple to become the most valuable company in the world. Aramco, the largest oil-producing company in the world, reported a market capitalization of $2.43 trillion, thus trumping Apple's $2.37 trillion capitalization. The shift at the top is attributed to surging crude oil prices and slumping tech stocks.
