Aramco Now 3rd Largest Company by Market Cap
Saudi Aramco is now the third largest company by market capitalization, according to companiesmarketcap.com, a list of the world’s largest public companies by market cap which updates rankings frequently.
The list places Aramco in third with a market cap of $1.903 trillion, behind Microsoft with a market cap of $1.920 trillion, and Apple with a market cap of $2.413 trillion. On December 21, 2022, Aramco ranked second in the companiesmarketcap.com list with a market cap of $1.81 trillion, behind Apple, which was shown in the list at the time to have a market cap of $2.10 trillion.
On May 13, 2022, the companiesmarketcap.com list ranked Aramco as the largest company by market cap, with a market cap of $2.38 trillion. The list at the time placed Apple in second position, with a market cap of $2.30 trillion.
In the latest companiesmarketcap.com list, Alphabet (Google) ranks in fourth place, with a market cap of $1.209 trillion, and Amazon ranks in fifth, with a market cap of $996.03 billion. Tesla places seventh in the list, with a market cap of $659.11 billion, while the next placed oil and gas company in the list after Aramco, ExxonMobil, ranks in 13th with a market cap of $454.24 billion.
Chevron places 25th in the list, with a market cap of $314.89 billion, while Shell ranks 43rd with a market cap of $216.36 billion, TotalEnergies ranks 72nd with a market cap of $154.13 billion, PetroChina is 88th with a market cap of $135.33 billion, and ConocoPhillips ranks 99th with a market cap of $126.89 billion.
On February 2, Apple announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The company reported quarterly revenue of $117.2 billion, which it highlighted was down five percent year over year, and quarterly earnings per diluted share of $1.88.
On January 24, Microsoft Corp. announced its results for the quarter ended December 31, 2022. The company reported revenue of $52.7 billion and diluted earnings per share of $2.20 GAAP and $2.32 non-GAAP, which it highlighted marked a year on year decrease of 11 percent and six percent, respectively.
Aramco is currently scheduled to publish its 2022 dividend and “key” financial results, and its 2022 financial statements, on March 12 and 13, respectively, the company’s website shows.
To contact the author, email andreas.exarheas@rigzone.com
What do you think? We’d love to hear from you, join the conversation on the
Rigzone Energy Network.
The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension