Markets
Visualizing Saudi Aramco’s Eye-watering Valuation 👀
![Visualizing Saudi Aramco’s Eye-watering Valuation 👀](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Visualizing-Saudi-Aramcos-Eye-watering-Valuation--20240527224252.webp&w=3840&q=75)
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.
Dataset
Company | Market Cap (USD) |
---|---|
Saudi Aramco | 1,914,000,000,000 |
Exxon Mobil | 508,790,000,000 |
Chevron | 288,490,000,000 |
Petro China | 243,290,000,000 |
Shell | 225,340,000,000 |
TotalEnergies | 165,090,000,000 |
ConocoPhillips | 137,120,000,000 |
BP | 102,680,000,000 |
Sinopec | 101,900,000,000 |
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