Aramco’s market value rose by $55 billion in one session
Dubai – Al Arabiya.net
Posted on: August 10, 2023: 06:06 PM GST Last updated: August 10, 2023: 07:43 PM GST
Aramco ranked second in the world, among the most revenue-generating companies in the world, thus reinforcing its lead as the most profitable company in the world, according to the German data company Statista.
While giant retailer Wal-Mart comes as the best-selling company in the world, with annual revenues of about $611 billion, while the next retailer on the list, e-commerce giant Amazon, trails by about $100 billion with revenues of about $514. Billion dollar.
With the skyrocketing energy prices after the Russian invasion of Ukraine in early 2022, the current list of companies with the highest revenue records includes many oil and gas projects, the largest of which is Saudi Aramco, which has annual revenues of $604 billion.
The market value of Aramco increased by about $55 billion yesterday, with the announcement of additional distributions to investors and the government.
The top 10 also includes Dutch oil and gas company Vitol, PetroChina and CNPC, as well as ExxonMobil and Shell.
While the “State Grid Cooperation” company in China, which operates in the field of electricity generation, transmission and distribution, ranks 9th.
The only other non-energy company on the list right now is Apple, with annual revenues of $394 billion (#8).
2023-08-10 15:43:33
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