Saudi Aramco has dethroned Apple as the most valuable company on Wednesday. The oil giant has been valued at $2.42 trillion. On the other hand, i-phone maker Apple has seen a dip in its share price over the past month. It was valued at $2.37 trillion. Saudi Aramco logged a 124 per cent rise in its net profit in last year from $49.0 billion in 2020 to $110.0 billion in 2021.

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