Brent crude near $116 a barrel (settling at $115.81) lifted Saudi Aramco's market value to $1.651 trillion, passing Meta Platforms at $1.606 trillion to rank No. 8 among the world's most valuable companies at the October 26, 2026 close, a gap of about $45 billion. Aramco shares rose 1.67% while Meta fell 1.88% to $630.56, the same day it announced a stock sale of up to $95 billion to fund AI data centers. Aramco reported second-quarter 2026 net income of $32.7 billion versus $22.67 billion a year earlier, and the author notes higher oil prices flow directly into its profits. The author argues Aramco's ranking depends on a price it does not control and could reverse quickly if a ceasefire, weaker demand or an OPEC output increase pushes Brent lower. The author also says US energy stocks, with a basket up 58.84% in 2026, appear fully priced with oil at this level.
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oil pricesSaudi AramcoMETAvaluation
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/26/2026 | 630.47 |
| Change that session | -1.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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