Aramco Dethrones Apple – Becoming The Most Valuable Company
The reason to become valuable is the surging oil prices. It is the largest oil-producing company in the world. Aramco’s profit increased 124% in the last year after the industry regained its start from the pandemic. They can cover the losses of 2020 when the oil increases and prices recovered. “Aramco’s net income increased by 124 percent to $110.0 billion in 2021, compared to $49.0 billion in 2020.”












