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Actually, It's the most valuable publicly traded company by market cap. Saudi Aramco's worth trillions (some estimates go as high as 15 trillion)! :D They have
by pooriaazimi 14y ago
Actually, It's the most valuable publicly traded company by market cap. Saudi Aramco's worth trillions (some estimates go as high as 15 trillion)! :D
They have at least 260 billion barrels of oil, most of which are easily recoverable for less than $3 per barrel: http://www.forbes.com/2010/07/09/worlds-biggest-oil-companies-business-energy-big-oil.html http://www.forbes.com/2010/07/09/worlds-biggest-oil-companie... - That's a lot of money...
- spinchange 14y agoThe consensus definition of market capitalization is the value of all outstanding shares of publicly traded companies, expressly. At least that is the context in which I was referring.
- pooriaazimi 14y agoHmm... I guess you're right. My bad!