Original Title 原标题Comparing Saudi Aramco’s $1.9T Valuation to Its Rivals
As of May 2024, there are just six trillion-dollar companies in the world, and only one of them is an oil company.
截止2024年5月，世界上只有六家市值（微软、苹果、谷歌、亚马逊、英伟达、沙特阿美）超过万亿的公司，其中只有一家是石油公司。
In this graphic, we put Saudi Aramco’s market cap into perspective by comparing it to the rest of the world’s largest oil companies. Numbers were sourced from Companiesmarketcap.com, and are as of May 24, 2024.
在本图表里，我们从与其它世界最大的石油公司对比的角度来观察沙特阿美的市值。数据来自Companiesmarketcap网站，截至2024年4月。
The data we used to create this graphic are listed in the table below.
以下表格是世界市值超过1000亿美元的石油公司，单位是亿美元：
Saudi Aramco launched its initial public offering (IPO) on December 11, 2019. It remains the largest IPO in history, raising $25.6 billion and valuing the company at $1.7 trillion. Aramco is also the only trillion-dollar company that isn’t based in the United States.
沙特阿美在2019年12月11日启动首次公开发行（IPO），筹得256亿美元，当时估值为1.7万亿美元，是至今为止最大的首次公开发行。沙特阿美也是唯一不在美国的万亿美元市值公司。
As of 2022, Aramco had proven reserves equal to 259 billion barrels of oil equivalent, which is massively greater than rivals like ExxonMobil (17.7 billion) and Chevron (11.2 billion).
截止2022年，沙特阿美拥有相当于2590亿桶的已探明石油，这一数字远远大于竞争对手埃克森美孚的177亿桶喝雪佛龙的112亿桶。
$1.9T*
1.9万亿美元的构成
It should be noted that the Saudi government directly owns 90% of the company, while another 8% is held by the country’s sovereign wealth fund. With only 2% of shares available to the public, some believe that the company’s current valuation carries little weight.
需要注意的是，沙特阿拉伯政府直接拥有沙特阿美的90%的股份，另外的8%由沙特阿拉伯主权财富基金持有。只有2%的股份在公开市场发行，因此一些人认为沙特阿美得当前市值没有多大的意义。
For example, a Bloomberg op-ed from 2023 described Aramco’s valuation as an “illusion” due to its very low trading volume. Over a one year period, Aramco’s average daily turnover was just $51 million, compared to $1.9 billion for ExxonMobil and $1.4 billion for Chevron.
例如，2023年彭博社的一篇专栏文章把沙特阿美的市值描述为一个“幻觉”，因为它的市场交易量极低。在一年的周期里，沙特阿美的日均交易额只有5100万美元，与之相比，埃克森美孚的日均交易量为19亿美元，雪佛龙为14亿美元。
相关文章：朝觐——神圣又持续的生意，沙特阿拉伯的第二大收入源
When driving is a threat当驾驶也是一种威胁时
Saudi Arabia’s holy business沙特阿拉伯的神圣生意
As of May 2024, there are just six trillion-dollar companies in the world, and only one of them is an oil company.
截止2024年5月，世界上只有六家市值（微软、苹果、谷歌、亚马逊、英伟达、沙特阿美）超过万亿的公司，其中只有一家是石油公司。
In this graphic, we put Saudi Aramco’s market cap into perspective by comparing it to the rest of the world’s largest oil companies. Numbers were sourced from Companiesmarketcap.com, and are as of May 24, 2024.
在本图表里，我们从与其它世界最大的石油公司对比的角度来观察沙特阿美的市值。数据来自Companiesmarketcap网站，截至2024年4月。
The data we used to create this graphic are listed in the table below.
以下表格是世界市值超过1000亿美元的石油公司，单位是亿美元：
| Company 公司 |
Market Cap市值 (as of May 24, 2024) |
|---|---|
| Saudi Aramco 沙特阿美 |
$1,914B 1.914万亿 |
| Exxon Mobil 埃克森美孚 |
$509B 5090亿 |
| Chevron 雪佛龙 |
$288B 2880亿 |
|
Petro China 中国石油 |
$243B 2430亿 |
| Shell 壳牌 |
$225B 2250亿 |
| TotalEnergies 道达尔 |
$165B 1650亿 |
| ConocoPhillips 康菲 |
$137B 1370亿 |
| BP 英国石油 |
$103B 1030亿 |
| Sinopec 中国石化 |
$102B 1020亿 |
Saudi Aramco launched its initial public offering (IPO) on December 11, 2019. It remains the largest IPO in history, raising $25.6 billion and valuing the company at $1.7 trillion. Aramco is also the only trillion-dollar company that isn’t based in the United States.
沙特阿美在2019年12月11日启动首次公开发行（IPO），筹得256亿美元，当时估值为1.7万亿美元，是至今为止最大的首次公开发行。沙特阿美也是唯一不在美国的万亿美元市值公司。
As of 2022, Aramco had proven reserves equal to 259 billion barrels of oil equivalent, which is massively greater than rivals like ExxonMobil (17.7 billion) and Chevron (11.2 billion).
截止2022年，沙特阿美拥有相当于2590亿桶的已探明石油，这一数字远远大于竞争对手埃克森美孚的177亿桶喝雪佛龙的112亿桶。
$1.9T*
1.9万亿美元的构成
It should be noted that the Saudi government directly owns 90% of the company, while another 8% is held by the country’s sovereign wealth fund. With only 2% of shares available to the public, some believe that the company’s current valuation carries little weight.
需要注意的是，沙特阿拉伯政府直接拥有沙特阿美的90%的股份，另外的8%由沙特阿拉伯主权财富基金持有。只有2%的股份在公开市场发行，因此一些人认为沙特阿美得当前市值没有多大的意义。
For example, a Bloomberg op-ed from 2023 described Aramco’s valuation as an “illusion” due to its very low trading volume. Over a one year period, Aramco’s average daily turnover was just $51 million, compared to $1.9 billion for ExxonMobil and $1.4 billion for Chevron.
例如，2023年彭博社的一篇专栏文章把沙特阿美的市值描述为一个“幻觉”，因为它的市场交易量极低。在一年的周期里，沙特阿美的日均交易额只有5100万美元，与之相比，埃克森美孚的日均交易量为19亿美元，雪佛龙为14亿美元。
相关文章：朝觐——神圣又持续的生意，沙特阿拉伯的第二大收入源
When driving is a threat当驾驶也是一种威胁时
Saudi Arabia’s holy business沙特阿拉伯的神圣生意