Aramco replaces Apple as world's largest company by market capitalization

May 10, 2022 9:28 AM ETAAPL, XLE, USO, UNG, ARMCOBy: SA News Team26 Comments

Aramco office in Houston, Texas, USA.

JHVEPhoto/iStock Editorial via Getty Images

  • Having rallied ~28% in 2022, Saudi Aramco (ARMCO) has replaced Apple (AAPL) as the world's largest company by market capitalization.
  • Apple (AAPL) shares have lost ~14% year to date, despite solid results and guidance, as technology stocks

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