The stock price of Saudi Aramco, the largest listed company in the universe, soared to 38.7 riyals ($10.32) per share on the second day of listing and trading. The market value rose to $2.06 trillion for the second day in a row, and hit Saudi Crown Prince Mohammed bin Salman's long-term valuation target of $2 trillion for the company.
This market capitalization is nearly 1 trillion dollars higher than Apple and Microsoft, which are in second and third place. Until now, Saudi Aramco's market capitalization of 2 trillion US dollars has always been questioned by the market. However, its profitability is almost double that of Apple, and according to OPEC statistics, Saudi Aramco's crude oil reserves accounted for 17.8% of the world in 2018, which is equivalent to the level of South America as a whole.
Edit | Eric