Saudi Aramco overtakes Microsoft as world’s second largest company by market cap

26/04/2023 Argaam

Apple Inc. was the world’s most valuable company by market capitalization. The US-based Apple has a market cap of $2.595 trillion, Companies Market Cap data showed after US markets closed on April 27.

 

 

Saudi Aramco jumped above tech giant Microsoft to become the world’s second-largest company by market cap of $2.103 trillion.

 

Saudi Aramco is the world’s most profitable business, as its profit surpassed Apple, Microsoft and ExxonMobil.

 

Johnson & Johnson moved up a notch to the ninth place. Tesla became the world's 10th most valuable company by market cap. ExxonMobil moved up two notches to the 11th place on the list.

 

World’s Most Valuable Companies by Market Cap

 Order

Company

Country

Market Cap

($trln)

01

Apple

US

2.596

02

Saudi Aramco

Saudi Arabia

2.103

03

Microsoft

US

2.050

04

Alphabet Inc.

US

1.343

05

Amazon

US

1.052

06

Berkshire Hathaway

US

0.7178

07

NVIDIA 

US

0.6482

08

Meta Platforms

US

0.5322

09

Johnson & Johnson

US

0.5153

10

Tesla

US

0.5092

 

Source: Companies Market Cap

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