Apple, Amazon and Co. left behind: This is now the most valuable company in the world

The price drop on the stock markets since the start of the Ukraine war has thrown the ranking of the 100 most valuable listed companies upside down. Saudi oil giant Saudi Aramco edged Apple to second place in the first half of the year, according to a study by auditing and consulting firm EY. The turbulence on the stock markets hit technology groups hard, while energy companies experienced a renaissance. For the first time since the EY survey began in 2006, German corporations are no longer in the top 100.

With a market value of 2.3 trillion dollars (around 2.2 trillion euros) as of June 30, 2022, Saudi Aramco was the most expensive company in the world. Tech giant Apple, which topped the top 100 at the end of 2021, came second with $2.2 trillion.

The price slide on the world stock exchanges destroyed trillions in the first half of 2022. The market capitalization alone – i.e. the value of the shares traded on the stock exchange – of the 100 most expensive companies fell by 17 percent or $6.1 trillion to around $29.8 trillion over the course of the first six months. The stock market value of the long-favoured technology groups collapsed by 28 percent compared to the end of 2021 (reference date: December 31, 2021). Bucking the trend, the oil and gas companies among the top 100 increased their stock market value by 19 percent.

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