List of public corporations by market capitalization

The following is a list of publicly traded companies having the greatest market capitalization. This list is primarily based on the Financial Times Global 500.

Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of outstanding shares.[1] Figures are converted into USD millions (using rate from selected day) to allow for comparison. Only companies with free float at least 15% are included, value of unlisted stock classes is excluded. Investment companies are not included in the list.[2]

First 1 trillion dollar market capitalization companies

This list is up to date as of January 31, 2020.

First Passed trillion dollar Date Company Record value date Record value
(in billions USD)
 Record value
(in billions USD,
inflation-adjusted)[3]
 Notes
5 November 2007 PetroChina 5 November 2007 1000 1194 On 5 November 2007, A shares of PetroChina ended its first day of trading after an IPO on the Shanghai Stock Exchange yielded a market cap of approximately $1 trillion.[4] Only 4 billion A shares were floated during the IPO, another 158 billion A shares were still held by China National Petroleum Corporation. 21.9 billion H shares were already floated on the Hong Kong Stock Exchange.[5] However, market capitalization based on H shares never reached $500 billion.[6]
4 August 2018 Apple Inc. 10 June 2020 1530 1530 First achieved a $1 trillion market cap on 4 August 2018.[7]
4 September 2018 Amazon 31 January 2020 1000 1000 First achieved a $1 trillion market cap on 4 September 2018[8]
7 June 2019 Microsoft Corp. February 2020 1400 1400 First achieved a $1 trillion market cap on 7 June 2019
11 December 2019 Saudi Aramco 11 December 2019 2100 2100 Saudi Aramco's 11 December 2019 IPO on the Tadawul Saudi Stock Exchange ended its first day of trading with an approximate $1.88 trillion market cap.[9] Saudi Aramco becomes the first-ever public company to achieve a $2 trillion valuation on its second day of trading.[9] However, only 1.7 % of its shares is a free float.[10]
16 January 2020 Alphabet 16 January 2020 1000 1000 First achieved a $1 trillion market cap on 16 January 2020

Publicly traded companies

All market capitalization figures are in USD millions.

2020

This list is up to date as of March 31, 2020. Indicated changes in market value are relative to the previous quarter.

Rank First quarter
1Microsoft
1,200,000[11]
2Apple Inc.
1,113,000[12]
3Amazon.com
970,590[13]
4Alphabet Inc.
799,180[14]
5Alibaba Group
521,740[15]
6Facebook, Inc.
475,460[16]
7Tencent
471,660[17]
8Berkshire Hathaway
440,830[18]
9Visa
357,020[19]
10Johnson & Johnson
345,700[20]

2019

This list is up to date as of December 31, 2019. Indicated changes in market value are relative to the previous quarter.

Rank First quarter Second quarter Third quarter Fourth quarter
1Microsoft
904,860[11]		 Microsoft
1,028,000[11]		 Microsoft
1,062,000[11]		 Apple Inc.
1,305,000[12]
2Apple Inc.
835,670[12]		 Amazon.com
928,540[13]		 Apple Inc.
1,012,000[12]		 Microsoft
1,203,000[11]
3Amazon.com
874,710[13]		 Apple Inc.
911,240[12]		 Amazon.com
858,680[13]		 Alphabet Inc.
922,130[14]
4Alphabet Inc.
818,160[14]		 Alphabet Inc.
751,170[14]		 Alphabet Inc.
838,020[14]		 Amazon.com
916,150[13]
5Berkshire Hathaway
493,750[18]		 Facebook, Inc.
551,490[16]		 Berkshire Hathaway
508,530[18]		 Facebook, Inc.
585,320[16]
6Facebook, Inc.
475,730[16]		 Berkshire Hathaway
521,100[18]		 Facebook, Inc.
508,050[16]		 Alibaba Group
569,010[15]
7Alibaba Group
472,940[15]		 Alibaba Group
439,150[15]		 Alibaba Group
435,400[15]		 Berkshire Hathaway
553,530[18]
8Tencent
440,980[17]		 Tencent
432,080[17]		 Tencent
398,840[17]		 Tencent
461,370[17]
9Johnson & Johnson
372,230[20]		 Visa
379,271[19]		 Visa
385,370[19]		 JPMorgan Chase
437,230[21]
10Visa
353,710[19]		 Johnson & Johnson
370,300[20]		 JPMorgan Chase
376,310[21]		 Visa
416,790[19]

2018

This list is up to date as of December 31, 2018. Indicated changes in market value are relative to the previous quarter.

Rank First quarter Second quarter Third quarter Fourth quarter
1Apple Inc.
851,317		Apple Inc.
909,840[12]		Apple Inc.
1,091,000[12]		Microsoft
780,520[11]
2Alphabet Inc.
715,404		Amazon.com
824,790[13]		Amazon.com
976,650[13]		Apple Inc.
748,680[12]
3Microsoft
702,760[11]		Alphabet Inc.
774,840[14]		Microsoft
877,400[11]		Amazon.com
735,900[13]
4Amazon.com
700,672[13]		Microsoft
757,640[11]		Alphabet Inc.
839,740[22]		Alphabet Inc.
728,360[22]
5Tencent
507,990[17]		Facebook
562,480[16]		Berkshire Hathaway
523,520[18]		Berkshire Hathaway
499,590[18]
6Berkshire Hathaway
492,019[18]		Tencent
478,580[17]		Facebook
473,850[16]		Facebook
375,890[16]
7Alibaba Group
470,930[15]		Alibaba Group
476,040[15]		Alibaba Group
423,600[15]		Tencent
375,110[17]
8Facebook
464,189[16]		Berkshire Hathaway
463,980[18]		Tencent
388,080[17]		Alibaba Group
355,130[15]
9JPMorgan Chase
377,410[21]		JPMorgan Chase
354,780[21]		JPMorgan Chase
379,440[21]		Johnson & Johnson
346,110[20]
10Johnson & Johnson
343,780[20]		ExxonMobil
350,270[23]		Johnson & Johnson
370,650[20]		JPMorgan Chase
324,660[21]

2017

This list is up to date as of December 31, 2017. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[24][note 1] Second quarter[25][note 1] Third quarter[26][note 1] Fourth quarter
1Apple Inc.
753,718		Apple Inc.
749,124		Apple Inc.
791,726		Apple Inc.
868,880[12]
2Alphabet Inc.
573,570[14]		Alphabet Inc.
628,610[14]		Alphabet Inc.
664,550[14]		Alphabet Inc.
727,040[14]
3Microsoft
508,935		Microsoft
528,778		Microsoft
568,965		Microsoft
659,910[11]
4Amazon.com
423,031		Amazon.com
466,471		Amazon.com
459,435		Amazon.com
563,540[13]
5Berkshire Hathaway
410,880[18]		Berkshire Hathaway
418,880[18]		Berkshire Hathaway
451,840[18]		Facebook
512,760[16]
6ExxonMobil
339,897		Johnson & Johnson
357,310		Alibaba Group
436,850[15]		Tencent
493,340[27]
7Johnson & Johnson
337,947		Facebook
357,176		Tencent
405,007		Berkshire Hathaway
489,490[18]
8Facebook
334,552		Alibaba Group
356,390[15]		Facebook
399,946		Alibaba Group
440,712[27]
9JPMorgan Chase
313,761		Tencent
344,879		ExxonMobil
348,248		Johnson & Johnson
375,360[20]
10Wells Fargo
278,516		ExxonMobil
341,947		Johnson & Johnson
347,497		 JPMorgan Chase
371,050[21]

2016

This list is up to date as of December 31, 2016. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[28][note 1] Second quarter[29][note 1] Third quarter[30][note 1] Fourth quarter[31][note 1]
1Apple Inc.
607,465		Apple Inc.
517,069		 Apple Inc.
604,475		Apple Inc.
617,588.49
2Alphabet Inc.
535,660[14]		Alphabet Inc.
475,320[14]		Alphabet Inc.
535,660[14]		Alphabet Inc.
531,970[14]
3Microsoft
439,734		Microsoft
397,268		Microsoft
447,290		 Microsoft
483,160.28
4ExxonMobil
350,991		ExxonMobil
383,396		Amazon.com
393,030		Berkshire Hathaway
404,390[18]
5Berkshire Hathaway
349,740[18]		Berkshire Hathaway
345,860[18]		ExxonMobil
358,519		ExxonMobil
374,280
6Johnson & Johnson
300,604		Amazon.com
337,641		Berkshire Hathaway
358,300[18]		 Amazon.com
356,313.12
7General Electric
295,546		Johnson & Johnson
328,234		 Johnson & Johnson
320,836		Johnson & Johnson
313,432.46
8Amazon.com
281,888		General Electric
280,927		 Facebook
297,548		 JPMorgan Chase
308,768.42
9Facebook
259,192		Facebook
263,930		Tencent
265,603		General Electric
279,545.92
10Wells Fargo
246,035		AT&T
261,035		 General Electric
261,876		Wells Fargo
276,779.12

2015

This Financial Times Global 500–based list is up to date as of December 31, 2015. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[32] Second quarter[33] Third quarter[34][note 1] Fourth quarter[35][note 1]
1Apple Inc.
724,773.1		Apple Inc.
722,576.9		Apple Inc.
621,939		Apple Inc.
598,344
2Exxon Mobil
356,548.7		Microsoft
357,154.4		Google
407,870[14]		Alphabet
534,090[14]
3Berkshire Hathaway
356,510.7		Exxon Mobil
347,868.1		Microsoft
347,432		Microsoft
449,799
4Google
345,849.2[36]		Google
336,014.5[14]		Berkshire Hathaway
318,180[18]		 Berkshire Hathaway
323,750[18]
5Microsoft
333,524.8		Berkshire Hathaway
336,014.5		Exxon Mobil
304,245		Exxon Mobil
325,167
6Petro China
329,715.1		Petro China
319,391.6		Johnson & Johnson
257,637		Amazon
323,009
7Wells Fargo
279,919.7		ICBC
298,531.5		General Electric
248,069		General Electric
313,892
8Johnson & Johnson
279,723.9		Wells Fargo
289,591.3		China Mobile
243,186		Johnson & Johnson
287,153
9ICBC
275,389.1		Johnson & Johnson
270,260.8		Novartis
240,373		Wells Fargo
281,770
10Novartis
267,897.0		General Electric
267,717.4		 Nestlé
233,361		JPMorgan Chase
245,126

2014

This Financial Times Global 500–based list is up to date as of December 31, 2014. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[37] Second quarter[38] Third quarter[39] Fourth quarter[40]
1Apple Inc.
478,766.1		Apple Inc.
560,337.4		Apple Inc.
603,277.4		Apple Inc.
647,361.0
2Exxon Mobil
422,098.3		Exxon Mobil
432,357.3		Exxon Mobil
401,094.1		Exxon Mobil
391,481.9
3Microsoft
340,216.8		Google
358,347.3		Microsoft
381,959.7		Microsoft
382,880.3
4Google
313,003.9		Microsoft
344,458.8		Google
361,998.4		Berkshire Hathaway
370,652.6
5Berkshire Hathaway
308,090.6		Berkshire Hathaway
312,216.7		Berkshire Hathaway
340,055.0		Google
329,768.5
6Johnson & Johnson
277,826.2		Johnson & Johnson
295,980.1		Johnson & Johnson
300,614.2		PetroChina
305,536.1
7Wells Fargo
261,217.5		Wells Fargo
276,837		Wells Fargo
270,782.4		Johnson & Johnson
292,702.8
8General Electric
259,547.3
Royal Dutch Shell
269,563.4		General Electric
257,068.4		Wells Fargo
284,385.6
9Hoffmann-La Roche
258,542.1		General Electric
263,529.6		Novartis
255,326.4		Wal-Mart
276,807.4
10Walmart
246,805.7		Hoffmann-La Roche
256,322.8		Hoffmann-La Roche
254,543.8		ICBC
271,146.1

2013

This Financial Times Global 500–based list is up to date as of December 31, 2013. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[41] Second quarter[42] Third quarter[43] Fourth quarter[44]
1Apple Inc.
415,683.3		Exxon Mobil
401,729.8		Apple Inc.
433,099.6		Apple Inc.
504,770.8
2Exxon Mobil
403,733.1		Apple Inc.
372,202.3		Exxon Mobil
378,716.2		Exxon Mobil
442,142.8
3Berkshire Hathaway
256,801.8		Microsoft
288,488.8		Berkshire Hathaway
280,001.5		Microsoft
312,297.3
4PetroChina
254,618.7		Berkshire Hathaway
276,548.5		Microsoft
277,220.9		Google
310,079.1
5Wal-Mart
246,373.3		Wal-Mart
244,079.4		Johnson & Johnson
244,298.5		Berkshire Hathaway
292,396.0
6General Electric
239,775.6		Johnson & Johnson
241,170.9		General Electric
243,290.4		General Electric
283,589.8
7Microsoft
239,602.3		General Electric
239,787.2		Wal-Mart
240,773.3		Johnson & Johnson
258,415.4
8IBM
237,724.7		Google
238,688.6		Google
237,479.4		Wal-Mart
254,622.8
9Nestlé
233,792.1		Chevron Corporation
229,402.6		Chevron Corporation
234,740.8		Hoffmann-La Roche
241,368.0
10Chevron Corporation
230,831.2		ICBC
226,879.8		Hoffmann-La Roche
232,495.2		Chevron Corporation
240,223.4

2012

This Financial Times Global 500–based list is up to date as of December 31, 2012. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[45] Second quarter[46] Third quarter[47] Fourth quarter[48]
1Apple Inc.
559,002.1		Apple Inc.
546,076.1		Apple Inc.
625,348.1		Apple Inc.
500,610.7
2Exxon Mobil
408,777.4		Exxon Mobil
400,139.1		Exxon Mobil
422,127.5		Exxon Mobil
394,610.9
3PetroChina
278,968.4		PetroChina
257,685.8		PetroChina
253,853.3		PetroChina
264,833.4
4Microsoft
270,644.1		Microsoft
256,982.4		Microsoft
249,489.8
BHP Billiton
247,409.0
5IBM
241,754.6		Wal-Mart
235,900.3		Wal-Mart
248,074.4		ICBC
236,457.9
6ICBC
236,335.4		IBM
225,598.5		General Electric
239,791.2		China Mobile
234,040.2
7
Royal Dutch Shell
222,425.1		General Electric
220,806.3		IBM
237,068.4		Wal-Mart
228,245.4
8China Mobile
220,978.9		China Mobile
219,481.3		Chevron Corporation
228,707.1		Samsung Electronics
227,581.8
9General Electric
212,317.7
Royal Dutch Shell
217,048.2		China Mobile
222,817.8		Microsoft
224,801.0
10Chevron Corporation
211,950.6		ICBC
211,196.0
Royal Dutch Shell
222,669.6
Royal Dutch Shell
222,669.6

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[49] Second quarter[50] Third quarter[51] Fourth quarter[52]
1Exxon Mobil
417,166.7		Exxon Mobil
400,884.5		Apple Inc.
353,518.1		Exxon Mobil
406,272.1
2PetroChina
326,199.2		Apple Inc.
310,412.3		Exxon Mobil
353,135.2		Apple Inc.
376,410.6
3Apple Inc.
321,072.1		PetroChina
303,649.9		PetroChina
276,473.9		PetroChina
276,844.9
4ICBC
251,078.1		ICBC
246,850.5		IBM
208,843.5
Royal Dutch Shell
236,677.0
5Petrobras
247,417.6
BHP Billiton
233,626.5		Microsoft
208,534.9		ICBC
228,168.1
6
BHP Billiton
247,079.5
Royal Dutch Shell
225,122.8		ICBC
206,021.4		Microsoft
218,380.1
7China Construction Bank
232,608.6		Microsoft
219,251.9		China Mobile
198,778.7		IBM
216,724.4
8
Royal Dutch Shell
226,128.7		Nestlé
215,017.5
Royal Dutch Shell
197,061.1		Chevron Corporation
211,893.9
9Chevron Corporation
215,780.6		Petrobras
210,111.4		Nestlé
191,115.6		Wal-Mart
204,659.8
10Microsoft
213,336.4		IBM
207,781.4		Chevron Corporation
185,456.1		China Mobile
196,148.4

2010

This Financial Times Global 500–based list is up to date as of December 31, 2010. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[53] Second quarter[54] Third quarter[55] Fourth quarter[56]
1PetroChina
329,259.7		Exxon Mobil
291,789.1		Exxon Mobil
314,622.5		Exxon Mobil
368,711.5
2Exxon Mobil
316,230.8		PetroChina
268,504.8		PetroChina
270,889.9		PetroChina
303,273.6
3Microsoft
256,864.7		Apple Inc.
228,876.8		Apple Inc.
259,223.4		Apple Inc.
295,886.3
4ICBC
246,419.8		ICBC
211,258.7		Petrobras
220,616.5
BHP Billiton
243,540.3
5Apple Inc.
213,096.7		Microsoft
201,655.8		ICBC
213,364.1		Microsoft
238,784.5
6
BHP Billiton
209,935.1		China Mobile
201,471.2		Microsoft
210,676.4		ICBC
233,369.1
7Wal-Mart
209,000.7		Berkshire Hathaway
197,356.8		China Mobile
205,339.6		Petrobras
229,066.6
8Berkshire Hathaway
200,620.5		China Construction Bank
189,170.7		Berkshire Hathaway
204,792.0		China Construction Bank
222,245.1
9General Electric
194,246.2		Wal-Mart
178,322.7		China Construction Bank
202,998.4
Royal Dutch Shell
208,593.7
10China Mobile
192,998.6		Procter & Gamble
172,736.5
BHP Billiton
196,866.0		Nestlé
203,534.3

2009

This Financial Times Global 500–based list is up to date as of December 31, 2009. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[57] Second quarter[58] Third quarter[59] Fourth quarter[60]
1Exxon Mobil
336,527		PetroChina
366,662.9		Exxon Mobil
329,725		PetroChina
353,140.1
2PetroChina
287,185		Exxon Mobil
341,140.3		PetroChina
325,097.5		Exxon Mobil
323,717.1
3Wal-Mart
204,365		ICBC
257,004.4		ICBC
237,951.5		Microsoft
270,635.4
4ICBC
187,885		Microsoft
211,546.2		Microsoft
229,630.7		ICBC
268,956.2
5China Mobile
174,673		China Mobile
200,832.4		HSBC
198,561.1		Wal-Mart
203,653.6
6Microsoft
163,320		Wal-Mart
188,752.0		China Mobile
195,680.4		China Construction Bank
201,436.1
7AT&T
148,511		China Construction Bank
182,186.7		Wal-Mart
189,331.6
BHP Billiton
201,248
8Johnson & Johnson
145,481		Petrobras
165,056.9		Petrobras
189,027.7		HSBC
199,254.9
9
Royal Dutch Shell
138,999		Johnson & Johnson
156,515.9		China Construction Bank
186,816.7		Petrobras
199,107.9
10Procter & Gamble
138,013
Royal Dutch Shell
156,386.7
Royal Dutch Shell
175,986.1		Apple Inc.
189,801.7

2008

This Financial Times Global 500–based list is up to date as of December 31, 2008. Indicated changes in market value are relative to the previous quarter.

Rank First quarter[61] Second quarter[62] Third quarter[63] Fourth quarter[64]
1Exxon Mobil
452,505		Exxon Mobil
465,652		 Exxon Mobil
403,366		Exxon Mobil
406,067
2PetroChina
423,996		PetroChina
341,140.3		PetroChina
325,097.5		PetroChina
259,836
3General Electric
369,569		ICBC
257,004.4		ICBC
237,951.5		Wal-Mart
219,898
4Gazprom
299,764		Microsoft
211,546.2		Microsoft
229,630.7		China Mobile
201,291
5China Mobile
298,093		China Mobile
200,832.4		HSBC
198,561.1		Procter & Gamble
184,576
6ICBC
277,236		Wal-Mart
188,752.0		China Mobile
195,680.4		ICBC
173,930
7Microsoft
264,132		China Construction Bank
182,186.7		Wal-Mart
189,331.6		Microsoft
172,929
8AT&T
231,168		Petrobras
165,056.9		Petrobras
189,027.7		AT&T
167,950
9
Royal Dutch Shell
220,110		Johnson & Johnson
156,515.9		China Construction Bank
186,816.7		Johnson & Johnson
166,002
10Procter & Gamble
215,640
Royal Dutch Shell
156,386.7
Royal Dutch Shell
175,986.1		General Electric
161,278

2007

This Financial Times–based list is up to date as of December 31, 2007. Indicated changes in rank and market value are relative to the previous quarter.

Rank First quarter[65] Second quarter[66] Third quarter[67] Fourth quarter[68]
1Exxon Mobil
429,567		Exxon Mobil
472,519		Exxon Mobil
513,362		Petrochina
723,952
2General Electric
363,611		General Electric
393,831		General Electric
424,191		Exxon Mobil
511,887
3Microsoft
272,912		Microsoft
281,934		China Mobile
327,937		General Electric
374,637
4Citigroup
252,857
Royal Dutch Shell
266,141		ICBC
279,269		China Mobile
354,120
5AT&T
246,206		AT&T
255,871		Microsoft
276,202		ICBC
338,989
6Gazprom
245,911		Citigroup
253,703
Royal Dutch Shell
264,397		Microsoft
333,054
7Toyota Motor Corporation
230,832		Gazprom
245,757		Gazprom
260,249		Gazprom
329,591
8Bank of America
228,177		BP
231,491		AT&T
258,047
Royal Dutch Shell
269,544
9ICBC
224,788		Toyota Motor Corporation
228,009		Citigroup
232,162		AT&T
252,051
10
Royal Dutch Shell
214,018		Bank of America
216,963		Bank of America
223,066		Sinopec
249,645

2006

This Financial Times–based list is up to date as of December 2006. Indicated changes in rank and market value are relative to the previous quarter.

Rank First quarter[69] Second quarter[70] Third quarter[71] Fourth quarter[72]
1Exxon Mobil
371,631		Exxon Mobil
371,187		Exxon Mobil
398,906		Exxon Mobil
446,943
2General Electric
362,527		General Electric
342,731		General Electric
364,414		General Electric
383,564
3Microsoft
281,171		Gazprom
246,341		Microsoft
272,679.0		Microsoft
293,537
4Citigroup
238,935		Citigroup
239,862		Gazprom
254,634.3		Citigroup
273,691
5BP
233,260		Microsoft
237,688		Citigroup
246,727		Gazprom
271,482
6Bank of America
211,706		BP
233,151		Bank of America
242,451		Industrial and Commercial Bank of China
254,592
7Royal Dutch Shell
211,280		Royal Dutch Shell
224,925		Royal Dutch Shell
216,368		Toyota Motor Corporation
241,161
8Wal-Mart
196,860		Bank of America
219,504		BP
215,623		Bank of America
239,758
9Toyota Motor Corporation
196,731		HSBC
201,854		HSBC
209,774		Royal Dutch Shell
225,781
10Gazprom
196,339		Wal-Mart
200,762		Pfizer
206,785		BP
218,643

2004

This Financial Times–based list is up to date as of 31 March 2005.[73]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate382,233
2Exxon MobilUnited StatesOil and gas380,567
3MicrosoftUnited StatesSoftware industry262,975
4CitigroupUnited StatesBanking234,437
5BPUnited KingdomOil and gas221,365
6Wal-MartUnited StatesRetail212,209
7Royal Dutch ShellThe NetherlandsOil and gas210,630
8Johnson & JohnsonUnited StatesHealth care199,711
9PfizerUnited StatesHealth care195,945
10Bank of AmericaUnited StatesBanking178,765

2003

This Financial Times–based list is up to date as of 31 March 2004.[74]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate299,336
2MicrosoftUnited StatesSoftware industry271,911
3Exxon MobilUnited StatesOil and gas263,940
4PfizerUnited StatesHealth care261,616
5CitigroupUnited StatesBanking259,191
6Wal-MartUnited StatesRetail258,888
7American International GroupUnited StatesInsurance183,696
8Intel CorporationUnited StatesComputer hardware179,996
9BPUnited KingdomOil and gas174,648
10HSBCUnited KingdomBanking163,574

2002

This Financial Times–based list is up to date as of 31 March 2003.[75]

Rank Name Headquarters Primary industry Market value (USD million)
1MicrosoftUnited StatesSoftware industry264,003
2General ElectricUnited StatesConglomerate259,647
3Exxon MobilUnited StatesOil and gas241,037
4Wal-MartUnited StatesRetail234,399
5PfizerUnited StatesHealth care195,948
6CitigroupUnited StatesBanking183,887
7Johnson & JohnsonUnited StatesHealth care170,417
8Royal Dutch ShellThe NetherlandsOil and gas149,034
9BPUnited KingdomOil and gas144,381
10IBMUnited StatesComputer software, computer hardware139,272

2001

This Financial Times–based list is up to date as of 31 March 2002.[76]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate372,089
2MicrosoftUnited StatesSoftware industry326,639
3Exxon MobilUnited StatesOil and gas299,820
4Wal-MartUnited StatesRetail273,220
5CitigroupUnited StatesBanking255,299
6PfizerUnited StatesHealth care249,021
7Intel CorporationUnited StatesComputer hardware203,838
8BPUnited KingdomOil and gas200,794
9Johnson & JohnsonUnited StatesHealth care197,912
10Royal Dutch ShellThe NetherlandsOil and gas189,913

2000

This Financial Times–based list is up to date as of 31 March 2001.[77]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate477,406
2Cisco SystemsUnited StatesNetworking hardware304,699
3Exxon MobilUnited StatesOil and gas286,367
4PfizerUnited StatesHealth care263,996
5MicrosoftUnited StatesSoftware industry258,436
6Wal-MartUnited StatesRetail250,955
7CitigroupUnited StatesBanking250,143
8VodafoneUnited KingdomTelecommunications227,175
9Intel CorporationUnited StatesComputer hardware227,048
10Royal Dutch ShellThe NetherlandsOil and gas206,340

1999

This Financial Times–based list is up to date as of 31 March 2000.[78]

Rank Name Headquarters Primary industry Market value (USD million)
1MicrosoftUnited StatesSoftware industry586,197
2General ElectricUnited StatesConglomerate474,956
3NTT DoCoMoJapanTelecommunications366,204
4Cisco SystemsUnited StatesNetworking hardware348,965
5Wal-MartUnited StatesRetail286,153
6Intel CorporationUnited StatesComputer hardware277,096
7Nippon Telegraph and TelephoneJapanTelecommunications274,905
8Exxon MobilUnited StatesOil and gas265,894
9Lucent TechnologiesUnited StatesTelecommunications237,668
10Deutsche TelekomGermanyTelecommunications209,628

1998

This Financial Times–based list is up to date as of 30 September 1998.[79]

Rank Name Headquarters Primary industry Market value (USD million)
1MicrosoftUnited StatesSoftware industry271,854
2General ElectricUnited StatesConglomerate258,871
3Exxon MobilUnited StatesOil and gas172,213
4Royal Dutch ShellThe NetherlandsOil and gas164,157
5MerckUnited StatesHealth care154,753
6PfizerUnited StatesHealth care148,074
7Intel CorporationUnited StatesComputer hardware144,060
8The Coca-Cola CompanyUnited StatesBeverage142,164
9Wal-MartUnited StatesRetail123,062
10IBMUnited StatesSoftware industry, computer hardware121,184

1997

This Financial Times–based list is up to date as of 30 September 1997.[80]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate222,748
2Royal Dutch ShellThe NetherlandsOil and gas191,002
3MicrosoftUnited StatesSoftware industry159,660
4Exxon MobilUnited StatesOil and gas157,970
5The Coca-Cola CompanyUnited StatesBeverage151,288
6Intel CorporationUnited StatesComputer hardware150,838
7Nippon Telegraph and TelephoneJapanTelecommunications146,139
8MerckUnited StatesHealth care120,757
9Toyota Motor CorporationJapanAutomotive116,585
10NovartisSwitzerlandHealth care104,468

1996

This Financial Times–based list is up to date as of 30 September 1996.[81]

Rank Name Headquarters Primary industry Market value (USD million)
1General ElectricUnited StatesConglomerate136,515
2Royal Dutch ShellThe NetherlandsOil and gas128,206
3The Coca-Cola CompanyUnited StatesBeverage117,258
4Nippon Telegraph and TelephoneJapanTelecommunications113,609
5Exxon MobilUnited StatesOil and gas102,161


Non-public companies

This Financial Times Non-Public 150-based list is up to date as of December, 2006. All companies in top 10 are government-owned corporations. Figures are in USD millions.

Rank 2006[82]
1 State-owned Assets Supervision and Administration Commission of the State Council
1,560,000[83]
2Saudi Aramco
781,000
3Pemex
415,000
4Petróleos de Venezuela
388,000
5Kuwait Petroleum Corporation
378,000
6Petronas
232,000
7Sonatrach
224,000
8National Iranian Oil Company
220,000
9Japan Post Holdings (priv. 2007)
156,000
10Pertamina
140,000

Notes
  1. Note that in case some companies with multiple classes of stock only one class is considered.

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See also
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