1 hour ago
15
Meta Platforms has overtaken Saudi Aramco in market capitalization, a milestone that puts the company back among the ten most valuable public corporations on the planet. As of mid-July 2026, Meta’s market cap sits at approximately $1.67 trillion, narrowly eclipsing Aramco’s valuation of roughly the same figure.
The crossover restores Meta to the 9th-largest company globally by market cap.
Tech momentum versus oil market headwinds
Meta’s climb back into the top ten is largely a story about advertising revenue and AI investment paying off. The company has been pouring resources into artificial intelligence capabilities and metaverse-related ventures, and the market is rewarding that bet with a valuation that was unthinkable during its 2022 drawdown.
Here’s the thing: this isn’t the first time Meta has traded places with Aramco. The two companies have been jockeying for position as their respective sectors move in and out of favor. Meta previously dipped below Aramco’s valuation during periods of tech sector weakness, only to reclaim lost ground when sentiment shifted back toward growth stocks.
What this means for the tech-versus-energy narrative
Meta’s recovery has been one of the more dramatic corporate turnarounds in recent memory, driven by cost discipline and a renewed focus on monetizable AI tools across its advertising platform.
Meta famously abandoned its Libra (later Diem) stablecoin project in 2022 after regulatory pushback. Since then, the company has largely distanced itself from digital assets, focusing instead on AI and advertising infrastructure.
A $1.67 trillion market cap for a company that didn’t exist 22 years ago, now sitting above a firm that controls roughly 12% of global oil production, is one of those data points that forces you to recalibrate your mental model of what “valuable” means in 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
English (US) ·