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Based on this data, do you see a potential scenario where Tesla could be worth as much as Apple and Saudi Aramco combined?
Earlier this week, Saudi Aramco signed two deals to build a major refining and petrochemical complex in China valued in the billions of dollars.
FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.
Source: https://www.baytoday.ca/business/more-oil-producers-join-saudis-in-surprise-production-cuts-6796786
If we combine Apple Inc. () at $2.25 trillion, and Saudi Aramco at $1.94 trillion, it would combine to a $4.19 trillion market cap.
If you were thinking of going big on the stock market, you could buy a third of Apple, half of oil giant Saudi Aramco, or all of Tesla — and still have about $200 billion left to stuff under a comically large mattress.
Mouth-watering—unless you are Saudi Aramco, in which case it’s peanuts.
Saudi Arabian Oil Company (Saudi Aramco) and logistics provider DHL have signed a shareholders’ agreement for the establishment of a new procurement and logistics hub in Saudi Arabia.
Saudi Aramco Signs Deals with Chinese Partners to Build Refinerybloomberg.
The P.I.F. is led by a governor, Yasir al-Rumayyan, a onetime banker and chairman of Saudi Aramco, the country’s national oil company.
Source: https://www.nytimes.com/2023/06/07/world/middleeast/saudi-arabia-sovereign-wealth-fund.html