Saudi Aramco became the first company outside the United States to exceed a $2 trillion market capitalization.
After its December 2019 listing in Saudi Arabia, Saudi Aramco’s shares rose enough for the company to be valued at approximately $2 trillion. The achievement made it an unusual market-cap leader because many earlier trillion-dollar milestones had been reached by United States technology companies.
Saudi Aramco is controlled by the Saudi government and is headquartered in Dhahran. Its business is centered on oil exploration, production, processing, and sales, with additional activities in refining and petrochemicals.
The record concerns the company’s listed equity value, not the country’s wealth or the value of all Saudi natural resources. Market-cap comparisons also depend on currency conversions, exchange rates, share counts, and the exact trading moment used for the calculation.