Aramco shares rebound to become world's third most valuable company at $2.1tn

The shares closed 4% higher on Monday to boost the oil giant's market valuation by $83bn (€73bn) to $2.1tn (€1.85tn)

Aramco is “on track” to raise its crude-production capacity to 13m barrels a day from 12m by 2027. 

Saudi Aramco shares rose to a record as its chief executive said oil demand continues to rebound from the coronavirus pandemic, including in the company’s main market of Asia. 

The shares closed 4% higher on Monday to boost its market valuation by $83bn (€73bn) to $2.1tn (€1.85tn), behind only Apple and Microsoft as the world's most valuable listed companies.