Saudi Aramco was the first energy-sector company to reach a $1 trillion market capitalization after its 2019 initial public offering.
Saudi Aramco began trading on the Saudi Exchange in December 2019. Its shares rose during the opening days, giving the company a market value well above $1 trillion and briefly near $2 trillion. The public listing made a small portion of the state-owned oil producer available to investors.
The company’s roots reach back to the discovery and development of Saudi Arabian oil resources in the twentieth century. It remains one of the world’s largest integrated energy companies, producing crude oil and natural gas while also operating refining and petrochemical businesses.
This question concerns the company’s post-IPO public valuation. It is different from claims about the value of Saudi Arabia’s total petroleum reserves or from the amount raised in the IPO itself.