List of corporations by market capitalization
The following is a list of publicly traded companies having the greatest market capitalization, as well as government-owned corporations by estimated market value. Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of shares issued. Figures are converted into USD millions (using rate from selected day) to allow for comparison.
Many state-owned companies are far larger than even the largest public corporation. For example Saudi Aramco value is estimated from $781 billion [1] to $7 trillion USD, more than a dozen times the size of any companies on this list making it the world's most valuable company.[2]
Contents |
[edit] Publicly traded companies
[edit] 2011
This Financial Times Global 500 based list is up to date as of December 31, 2011. Indicated changes in market value are relative to the previous quarter.
| Rank | First quarter[3] | Second quarter[4] | Third quarter[5] | Fourth quarter[6] | ||||
|---|---|---|---|---|---|---|---|---|
| 1 | Exxon Mobil |
Exxon Mobil |
Apple Inc. |
Exxon Mobil |
||||
| 2 | PetroChina |
Apple Inc. |
Exxon Mobil |
Apple Inc. |
||||
| 3 | Apple Inc. |
PetroChina |
PetroChina |
PetroChina |
||||
| 4 | Industrial and Commercial Bank of China |
Industrial and Commercial Bank of China |
IBM |
Royal Dutch Shell |
||||
| 5 | Petrobras |
BHP Billiton |
Microsoft |
Industrial and Commercial Bank of China |
||||
| 6 | BHP Billiton |
Royal Dutch Shell |
Industrial and Commercial Bank of China |
Microsoft |
||||
| 7 | China Construction Bank |
Microsoft |
China Mobile |
IBM |
||||
| 8 | Royal Dutch Shell |
Nestlé |
Royal Dutch Shell |
Chevron Corporation |
||||
| 9 | Chevron Corporation |
Petrobras |
Nestlé |
Wal-mart |
||||
| 10 | Microsoft |
IBM |
Chevron Corporation |
China Mobile |
||||
[edit] 2010
| Rank | First quarter[7] | Second quarter[8] | Third quarter[9] | Fourth quarter[10] | ||||
|---|---|---|---|---|---|---|---|---|
| 1 | PetroChina |
Exxon Mobil |
Exxon Mobil |
Exxon Mobil |
||||
| 2 | Exxon Mobil |
PetroChina |
PetroChina |
PetroChina |
||||
| 3 | Microsoft |
Apple Inc. |
Apple Inc. |
Apple Inc. |
||||
| 4 | Industrial and Commercial Bank of China |
Industrial and Commercial Bank of China |
Petrobras |
BHP Billiton |
||||
| 5 | Apple Inc. |
Microsoft |
Industrial and Commercial Bank of China |
Microsoft |
||||
| 6 | BHP Billiton |
China Mobile |
Microsoft |
Industrial and Commercial Bank of China |
||||
| 7 | Wal-mart |
Berkshire Hathaway |
China Mobile |
Petrobras |
||||
| 8 | Berkshire Hathaway |
China Construction Bank |
Berkshire Hathaway |
China Construction Bank |
||||
| 9 | General Electric |
Wal-mart |
China Construction Bank |
Royal Dutch Shell |
||||
| 10 | China Mobile |
Procter & Gamble 172,736.5 |
BHP Billiton |
Nestlé |
||||
[edit] 2009
| Rank | First quarter [11] | Second quarter [12] | Third quarter [13] | Fourth quarter [14] | ||||
|---|---|---|---|---|---|---|---|---|
| 1 | Exxon Mobil |
PetroChina |
Exxon Mobil |
PetroChina |
||||
| 2 | PetroChina |
Exxon Mobil |
PetroChina |
Exxon Mobil |
||||
| 3 | Wal-Mart |
Industrial and Commercial Bank of China |
Industrial and Commercial Bank of China |
Microsoft |
||||
| 4 | Industrial and Commercial Bank of China |
Microsoft |
Microsoft |
Industrial and Commercial Bank of China |
||||
| 5 | China Mobile |
China Mobile |
HSBC |
Wal-Mart |
||||
| 6 | Microsoft |
Wal-Mart |
China Mobile |
China Construction Bank |
||||
| 7 | AT&T |
China Construction Bank |
Wal-Mart |
BHP Billiton |
||||
| 8 | Johnson & Johnson |
Petrobras |
Petrobras |
HSBC |
||||
| 9 | Royal Dutch Shell |
Johnson & Johnson |
China Construction Bank |
Petrobras |
||||
| 10 | Procter & Gamble |
Royal Dutch Shell |
Royal Dutch Shell |
Apple Inc. |
||||
[edit] 2008
[edit] Fourth quarter
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| Petrochina | China | Oil and gas | ||
| Wal-Mart | United States | Retail | ||
| China Mobile | Hong Kong | Telecommunications | ||
| Procter & Gamble | United States | Consumer goods | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Microsoft | United States | Software | ||
| AT&T | United States | Telecommunications | ||
| Johnson & Johnson | United States | Health care | ||
| General Electric | United States | Conglomerate |
[edit] Third quarter
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| Petrochina | China | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software | ||
| Wal-Mart | United States | Retail | ||
| Procter & Gamble | United States | Consumer goods | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Berkshire Hathaway | United States | Nonlife Insurance | ||
| China Mobile | Hong Kong | Telecommunications | ||
| Johnson & Johnson | United States | Health care |
[edit] Second quarter
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| Petrochina | China | Oil and gas | ||
| Gazprom | Russia | Oil and gas | ||
| Petrobras | Brazil | Oil and gas | ||
| China Mobile | Hong Kong | Telecommunications | ||
| General Electric | United States | Conglomerate | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| Microsoft | United States | Software | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| BHP Billiton | Australia/United Kingdom | Mining |
[edit] First quarter
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| Petrochina | China | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Gazprom | Russia | Oil and gas | ||
| China Mobile | Hong Kong | Telecommunications | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Microsoft | United States | Software industry | ||
| AT&T | United States | Telecommunications | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| Procter & Gamble | United States | Consumer goods |
[edit] 2007
[edit] Fourth quarter
This Financial Times based list is up to date as of December 31, 2007.[19]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Petrochina | China | Oil and gas | ||
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| China Mobile | Hong Kong | Telecommunications | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Microsoft | United States | Software industry | ||
| Gazprom | Russia | Oil and gas | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| AT&T | United States | Telecommunications | ||
| Sinopec | China | Oil and gas |
[edit] Third quarter
This Financial Times based list is up to date as of September 28, 2007.[20]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| China Mobile | Hong Kong | Telecommunications | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Microsoft | United States | Software industry | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| Gazprom | Russia | Oil and gas | ||
| AT&T | United States | Telecommunications | ||
| Citigroup | United States | Banking | ||
| Bank of America | United States | Banking |
[edit] Second quarter
This Financial Times based list is up to date as of June 29, 2007.[21]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software industry | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| AT&T | United States | Telecommunications | ||
| Citigroup | United States | Banking | ||
| Gazprom | Russia | Oil and gas | ||
| BP | United Kingdom | Oil and gas | ||
| Toyota Motor Corporation | Japan | Automotive | ||
| Bank of America | United States | Banking |
[edit] First quarter
This Financial Times based list is up to date as of 30 March 2007.[22]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software industry | ||
| Citigroup | United States | Banking | ||
| AT&T | United States | Telecommunications | ||
| Gazprom | Russia | Oil and gas | ||
| Toyota Motor Corporation | Japan | Automotive | ||
| Bank of America | United States | Banking | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Royal Dutch Shell | United Kingdom | Oil and gas |
[edit] 2006
[edit] Fourth quarter
This Financial Times based list is up to date as of December 2006.[23]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software industry | ||
| Citigroup | United States | Banking | ||
| Gazprom | Russia | Oil and gas | ||
| Industrial and Commercial Bank of China | China | Banking | ||
| Toyota Motor Corporation | Japan | Automotive | ||
| Bank of America | United States | Banking | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| BP | United Kingdom | Oil and gas |
[edit] Third quarter
This Financial Times based list is up to date as of 30 September 2006.[24]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software industry | ||
| Gazprom | Russia | Oil and gas | ||
| Citigroup | United States | Banking | ||
| Bank of America | United States | Banking | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| BP | United Kingdom | Oil and gas | ||
| HSBC | United Kingdom | Banking | ||
| Pfizer | United States | Health care |
[edit] Second quarter
This Financial Times based list is up to date as of 30 June 2006.[25]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Gazprom | Russia | Oil and gas | ||
| Citigroup | United States | Banking | ||
| Microsoft | United States | Software industry | ||
| BP | United Kingdom | Oil and gas | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| Bank of America | United States | Banking | ||
| HSBC | United Kingdom | Banking | ||
| Wal-Mart | United States | Retail |
[edit] First quarter
This Financial Times based list is up to date as of March 2006.[26]
| Rank | Name | Headquarters | Industry | Market value (USD million) |
|---|---|---|---|---|
| Exxon Mobil | United States | Oil and gas | ||
| General Electric | United States | Conglomerate | ||
| Microsoft | United States | Software industry | ||
| Citigroup | United States | Banking | ||
| BP | United Kingdom | Oil and gas | ||
| Bank of America | United States | Banking | ||
| Royal Dutch Shell | United Kingdom | Oil and gas | ||
| Wal-Mart | United States | Retail | ||
| Toyota Motor Corporation | Japan | Automotive | ||
| Gazprom | Russia | Oil and gas |
[edit] 2005
This Financial Times based list is up to date as of 31 March 2005.[27]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | General Electric | United States | Conglomerate | 382,233 |
| 2 | Exxon Mobil | United States | Oil and gas | 380,567 |
| 3 | Microsoft | United States | Software industry | 262,975 |
| 4 | Citigroup | United States | Banking | 234,437 |
| 5 | BP | United Kingdom | Oil and gas | 221,365 |
| 6 | Wal-Mart | United States | Retail | 212,209 |
| 7 | Royal Dutch Shell | United Kingdom | Oil and gas | 210,630 |
| 8 | Johnson & Johnson | United States | Health care | 199,711 |
| 9 | Pfizer | United States | Health care | 195,945 |
| 10 | Bank of America | United States | Banking | 178,765 |
[edit] 2004
This Financial Times based list is up to date as of 31 March 2004.[28]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | General Electric | United States | Conglomerate | 299,336 |
| 2 | Microsoft | United States | Software industry | 271,911 |
| 3 | Exxon Mobil | United States | Oil and gas | 263,940 |
| 4 | Pfizer | United States | Health care | 261,616 |
| 5 | Citigroup | United States | Banking | 259,191 |
| 6 | Wal-Mart | United States | Retail | 258,888 |
| 7 | American International Group | United States | Insurance | 183,696 |
| 8 | Intel Corporation | United States | Computer hardware | 179,996 |
| 9 | BP | United Kingdom | Oil and gas | 174,648 |
| 10 | HSBC | United Kingdom | Banking | 163,574 |
[edit] 2003
This Financial Times based list is up to date as of 31 March 2003.[29]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | Microsoft | United States | Software industry | 264,003 |
| 2 | General Electric | United States | Conglomerate | 259,647 |
| 3 | Exxon Mobil | United States | Oil and gas | 241,037 |
| 4 | Wal-Mart | United States | Retail | 234,399 |
| 5 | Pfizer | United States | Health care | 195,948 |
| 6 | Citigroup | United States | Banking | 183,887 |
| 7 | Johnson & Johnson | United States | Health care | 170,417 |
| 8 | Royal Dutch Shell | United Kingdom | Oil and gas | 149,034 |
| 9 | BP | United Kingdom | Oil and gas | 144,381 |
| 10 | IBM | United States | Computer software, Computer hardware | 139,272 |
[edit] 2002
This Financial Times based list is up to date as of 31 March 2002.[30]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | General Electric | United States | Conglomerate | 372,089 |
| 2 | Microsoft | United States | Software industry | 326,639 |
| 3 | Exxon Mobil | United States | Oil and gas | 299,820 |
| 4 | Wal-Mart | United States | Retail | 273,220 |
| 5 | Citigroup | United States | Banking | 255,299 |
| 6 | Pfizer | United States | Health care | 249,021 |
| 7 | Intel Corporation | United States | Computer hardware | 203,838 |
| 8 | BP | United Kingdom | Oil and gas | 200,794 |
| 9 | Johnson & Johnson | United States | Health care | 197,912 |
| 10 | Royal Dutch Shell | United Kingdom | Oil and gas | 189,913 |
[edit] 2001
This Financial Times based list is up to date as of 31 March 2001.[31]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | General Electric | United States | Conglomerate | 477,406 |
| 2 | Cisco Systems | United States | Networking hardware | 304,699 |
| 3 | Exxon Mobil | United States | Oil and gas | 286,367 |
| 4 | Pfizer | United States | Health care | 263,996 |
| 5 | Microsoft | United States | Software industry | 258,436 |
| 6 | Wal-Mart | United States | Retail | 250,955 |
| 7 | Citigroup | United States | Banking | 250,143 |
| 8 | Vodafone | United Kingdom | Telecommunications | 227,175 |
| 9 | Intel Corporation | United States | Computer hardware | 227,048 |
| 10 | Royal Dutch Shell | United Kingdom | Oil and gas | 206,340 |
[edit] 2000
This Financial Times based list is up to date as of 31 March 2000.[32]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | Microsoft | United States | Software industry | 586,197 |
| 2 | General Electric | United States | Conglomerate | 474,956 |
| 3 | NTT DoCoMo | Japan | Telecommunications | 366,204 |
| 4 | Cisco Systems | United States | Networking hardware | 348,965 |
| 5 | Wal-Mart | United States | Retail | 286,153 |
| 6 | Intel Corporation | United States | Computer hardware | 277,096 |
| 7 | Nippon Telegraph and Telephone | Japan | Telecommunications | 274,905 |
| 8 | Exxon Mobil | United States | Oil and gas | 265,894 |
| 9 | Lucent Technologies | United States | Telecommunications | 237,668 |
| 10 | Deutsche Telekom | Germany | Telecommunications | 209,628 |
[edit] 1999
This Financial Times based list is up to date as of January 1999.[33]
| Rank | Name | Headquarters | Primary industry | Market value (USD million) |
|---|---|---|---|---|
| 1 | Microsoft | United States | Software industry | 271,854 |
| 2 | General Electric | United States | Conglomerate | 258,871 |
| 3 | Exxon Mobil | United States | Oil and gas | 172,213 |
| 4 | Royal Dutch Shell | United Kingdom | Oil and gas | 164,157 |
| 5 | Merck | United States | Health care | 154,753 |
| 6 | Pfizer | United States | Health care | 148,074 |
| 7 | Intel Corporation | United States | Computer hardware | 144,060 |
| 8 | The Coca-Cola Company | United States | Beverage | 142,164 |
| 9 | Wal-Mart | United States | Retail | 123,062 |
| 10 | IBM | United States | Software industry, Computer hardware | 121,184 |
[edit] 1998
This Financial Times based list is up to date as of January 1998.[34]
| Rank | Name | Headquarters | Primary industry |
|---|---|---|---|
| 1 | General Electric | United States | Conglomerate |
| 2 | Royal Dutch Shell | United Kingdom | Oil and gas |
| 3 | Microsoft | United States | Software industry |
| 4 | Exxon Mobil | United States | Oil and gas |
| 5 | The Coca-Cola Company | United States | Beverage |
| 6 | Intel Corporation | United States | Computer hardware |
| 7 | Nippon Telegraph and Telephone | Japan | Telecommunications |
| 8 | Merck | United States | Health care |
| 9 | Toyota Motor Corporation | Japan | Automotive |
| 10 | Novartis | Switzerland | Health care |
[edit] State-owned companies
This Financial Times Non-Public 150 based list is up to date as of December, 2006. It estimates Saudi Aramco at 0.781 trillion US$. More recent estimates of 2010 put its value in the range 2.2 trillion USD [35] to 7 trillion USD.[36]
| Rank | 2006 [37] | |
|---|---|---|
| 1 | Saudi Aramco 781,000 |
|
| 2 | Pemex 415,000 |
|
| 3 | Petróleos de Venezuela 388,000 |
|
| 4 | Kuwait Petroleum Corporation 378,000 |
|
| 5 | Petronas 232,000 |
|
| 6 | Sonatrach 224,000 |
|
| 7 | National Iranian Oil Company 220,000 |
|
| 8 | Japan Post (priv. 2007) 156,000 |
|
| 9 | Pertamina 140,000 |
|
| 10 | Nigerian National Petroleum Corporation 120,000 |
|
[edit] See also
[edit] References
- ^ FT Non-Public 150 - the full list
- ^ "Big Oil, bigger oil". Financial Times. February 4, 2010. http://www.ft.com/cms/s/c5b32636-116f-11df-9195-00144feab49a,_i_email=y,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F3%2Fc5b32636-116f-11df-9195-00144feab49a%2C_i_email%3Dy.html&_i_referer=http%3A%2F%2Ftexasenterprise.org%2Farticle%2Fwhats-value-saudi-aramco.
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
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- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times
- ^ Financial Times, January 22
- ^ Sheridan Titman, McCombs School of Business, March 1, 2010. More Thoughts on the Value of Saudi Aramco http://blogs.mccombs.utexas.edu/titman/2010/03/01/more-thoughts-on-the-value-of-saudi-aramco/
- ^ Financial Times, February 4, 2010. Big Oil, bigger oil: http://www.ft.com/cms/s/c5b32636-116f-11df-9195-00144feab49a,_i_email=y,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F3%2Fc5b32636-116f-11df-9195-00144feab49a%2C_i_email%3Dy.html&_i_referer=http%3A%2F%2Ftexasenterprise.org%2Farticle%2Fwhats-value-saudi-aramco
- ^ FT Non-Public 150 - the full list
