Saudi Aramco reaches a market capitalization of 1.8 trillion dollars, exceeding the combined value of Exxon Mobil, Chevron, PetroChina, Shell and TotalEnergies.
According to data from CompaniesMarketCap as of May 5, the Saudi state giant leads the ranking of the world's 20 most valuable oil companies.
Exxon Mobil ranks second with 637 billion dollars, followed by Chevron with 380 billion dollars. PetroChina sits in fourth place with 273 billion dollars, Shell in fifth with 249 billion dollars and TotalEnergies in sixth with 206 billion dollars.
The eight US firms on the list total 1.9 trillion dollars combined. Brazil's Petrobras appears in ninth place with 142 billion dollars.
The combined value of the top 20 oil companies exceeds Japan's GDP and approaches that of Germany.
