Saudi Aramco is the first richest company in suadi Arabia with $2.332 Trillion market cap as of May 2022. It is currently the world's most valuable company based on market capitalization.Saudi Arabia’s largely state-owned energy firm has highlighted the colossal profits made by gas and oil-rich nations during the energy crisis by revealing profits in the three months to the end of June up 90% to $48bn (£40bn).
Saudi Aramco recorded what is believed to be one of the largest quarterly profits in history to easily beat the near $26bn it made a year earlier.
The world’s biggest oil company, which is 95% owned by the Saudi Arabian government, becomes the latest oil producer to benefit from soaring energy prices linked to the war in Ukraine.
It is thought to be one of the largest quarterly profits in history, when disregarding one-off increases that tend to inflate company earnings, and is Aramco’s highest since its shares were listed on December 2019.
Apple Inc, a Cupertino-based American tech company is the most valuable company in the world with a record market cap of $ 2.294 Trillion. Apple is the most successful brand with a revenue of $275 billion dollars as of 2021. It has been founded in the year 1976 by three tech wizards – Steve Wozniak, Ronald Wayne, and Steve Jobs.
Apple was initially engaged in the segment of the personal computer which later grew exponentially after its huge success with its entry into the mobile phone segment. Apple Inc which started with Laptops and iPhones has now diversified into a wide range of products like Smartwatch, iPod tablets, Television, Accessories, etc.
Apple is the first publicly traded company in the world to achieve a 2 Trillion market cap in 2020. It has now more than 516 retail stores worldwide and employs nearly 147,000 employees.
In 2019 to 2022 Apple company was the the richest company in the world but now the declear richest company in the world 2023 is Saudi Aramco found in Saudi Arabia.
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