DUBAI/TOKYO -- Saudi Aramco's market capitalization has topped the $2 trillion mark in October on the back of surging prices for crude oil and natural gas, rapidly approaching top-ranked Apple's $2.3 trillion.
The company now ranks third in the world by market capitalization, also behind Microsoft's roughly $2.2 trillion. This marks the first time that the state-owned oil giant recovered to above the $2 trillion target, set by de facto Saudi leader Crown Prince Mohammad bin Salman, since right after the initial public offering in 2019.
