Saudi Aramco soars to $2 trillion on sky-high oil prices
Al Jazeera
Its market capitalisation value puts Aramco just behind Microsoft and Apple as the world’s most valuable companies.
Saudi Arabia’s oil company Aramco reached a $2 trillion valuation as it hit near-record levels Wednesday during trading hours.
Its market capitalisation value put Aramco just behind Microsoft and Apple as the world’s most valuable companies. Aramco reached the milestone as crude oil prices climb to more than $82 a barrel, the highest in seven years.
Demand for energy is picking up, despite the continuing coronavirus pandemic’s continued toll on travel and other key petrol-guzzling sectors.
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