Although Apple was at the forefront of the list of the world’s most valuable companies, the fact that this year a foreign company made it and placed itself at the top of the list, Aramco Corporation, a Saudi Oil CompanyWho . takes the place of Most valuable in the world.
Aramcoan oil company that is responsible for providing hydrocarbons in Saudi ArabIts practice is similar to that of Petroleos de México in the country, however, Aramco is a world’s leading oil company in the production of crude oil.
According to consulting firm FactSet, Aramco Market Price Capitalized in dollars is 2.43 billion, leaving Apple in second place with a decline after a few months.
During the last few months, California based company It has recorded figures of up to a 5% drop in the value of its shares and a 20% drop in general, placing it with a stock market value of $182 per share.
According to the data presented by FactSet, Apple has been given a value of 2.37 billion. while the price of Aramco Share has been posted in increments, because of this rising oil priceIt is in the middle of a war between Russia and Ukraine, which has raised fuel prices around the world.
Let us not forget that, in 2020, Saudi Parastatal had a disappointing IPO that predicted the stock would be the biggest in history and that was exactly the year when Apple Got first place.
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What other companies appear on the list?
- Berkshire Hathaway
- got on
- Johnson & Johnson.
Similarly, they show that other problems apple companyIt is that stock and energy prices rise as investors sell shares in a variety of industries, including technology, amid economic uncertainty and inflation in many countries.
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