| Musouka said: It's not publicly traded but still... Saudi Aramco's value has been estimated at up to 10 trillion US$ in the Financial Times, making it the world's most valuable company.[6][7][8] |
That company was state owned and operated until the late 1980's when it was given private ownership and now it's state owned once again. However, its last real valuation was in 2006 which pegged it at $781 billion. $10 trillion is simply impossible. You could only get a figure like that if you were to try to give a dollar figure for all their oil/natural gas assets which likely could be valued that much but that doesn't take into consideration that you can't extract all of it at once (if you even could over time). It does about $300 billion per year in revenue. You just can't have a market cap 30 times the size of your revenue.
$1 trillion? OK, I can see that. $10 trillion? Forbes must have been on something. It's no wonder that article has stayed behind the subscription barrior.
The rEVOLution is not being televised
