KiloSaudi Aramco has a market capitalization of about $1.75 trillion in 2026, the 7th most valuable company in the world. It is the only energy company in the club and one of only two non-US members, the other being TSMC. Aramco was a trillion-dollar company from its very first trading day. It debuted on the Saudi Tadawul exchange on December 11, 2019 already worth about $1.88 trillion, the largest IPO in history. See where it ranks today on the Kilocorn Club.
Saudi Aramco's market cap since its 2019 IPO
| Date | Market cap |
|---|---|
| Dec 11, 2019 | $1.88T |
| 2020 | $1.60T |
| 2022 | $2.00T |
| May 2026 | $1.75T |
Aramco skipped the climb to $1 trillion that other companies spent decades on. It listed above $1.8 trillion on day one, peaked near $2 trillion in 2022 when oil prices ran high, and has eased back since. See how it stacks up against the rest of the most valuable companies.
Why Aramco is the only energy company in the club
Every other trillion-dollar company makes chips, software or consumer hardware. Aramco pumps oil. It is the world's largest crude producer, with some of the lowest extraction costs anywhere, which is why a single company in fossil fuels sits next to NVIDIA and Apple. Its valuation tracks the oil price more closely than any tech peer, so it climbs when crude is expensive and slips when it is cheap.
Who owns Saudi Aramco
The Saudi state owns the overwhelming majority of Aramco, both directly and through the sovereign wealth fund. The December 2019 IPO floated only about 1.5% of the company, and a later offering sold a small slice more. Less than 2% of the shares trade freely, which is why Aramco's market value is huge while its public float stays small.
Frequently asked questions
What is Saudi Aramco's market cap in 2026?
About $1.75 trillion, the 7th largest in the world and the only energy company in the trillion-dollar club.
Was Saudi Aramco a trillion-dollar company at its IPO?
Yes. Aramco debuted on the Tadawul exchange on December 11, 2019 already worth about $1.88 trillion, so it cleared $1 trillion on its first trading day.
What was Saudi Aramco worth at its peak?
Aramco reached close to $2 trillion in 2022, lifted by high oil prices, briefly making it the most valuable company in the world.
Is Saudi Aramco the only non-US company in the club?
No. There are two non-US members, Saudi Aramco and TSMC of Taiwan. Every other trillion-dollar company is American.
Who owns Saudi Aramco?
The Saudi state holds the large majority, directly and through its sovereign wealth fund. Less than 2% of the shares trade publicly.