Visualizing Saudi Aramco’s Eye-watering Valuation 👀

What We’re Showing

This graphic puts Saudi Aramco’s $1.9 trillion market cap into perspective by comparing it to the rest of the world’s largest oil companies. All figures are as of May 24, 2024.

$1.9T*

Saudi Aramco is the most valuable public company listed outside of the U.S.

It should be noted, however, that the Saudi government directly owns 90% of the company, while another 8% is held by the country’s sovereign wealth fund.

A Bloomberg op-ed from 2023 described Aramco’s valuation as an “illusion”, given that only 2% of shares are available to the public.