List of public corporations by market capitalization

The following is a list of publicly traded companies having the greatest market capitalization. In the global business media, they are described as being the world's most valuable companies as a reference to their market value.[1]

Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of outstanding shares. Figures are converted into USD millions (using rate from selected day) to allow for comparison.[2]

Trillion-dollar companies

The table below lists all companies which have, at any point, had a market capitalization in excess of $1 trillion, the date on which their market cap first exceeded $1 trillion and their record market cap.[3]

CompanyCountryWhen first passedRecord value dateRecord value (in billions USD)Notes
$1 trillion$2 trillion$3 trillionNominalInflation-
adjusted[4]
MicrosoftUnited States25 April 201922 June 202124 January 202423 March 20243,1853,185[5][6][7][8]
AppleUnited States2 August 201819 August 20203 January 202214 December 20233,0813,208[9][10][11][12]
Saudi AramcoSaudi Arabia11 December 201912 December 201910 May 20222,4632,564[13][14][15]
NvidiaUnited States30 May 202323 February 202423 March 20242,3802,380[16][17][18]
AlphabetUnited States16 January 20208 November 202126 April 20242,1502,150[19][20][21]
AmazonUnited States4 September 201811 April 20241,9701,970[22][23][24]
MetaUnited States28 June 20212 February 20241,2201,220[note 1][25][26]
TeslaUnited States25 October 20211 November 20211,2101,361[27][28]
PetroChinaChina5 November 20075 November 20071,2001,699[note 2]

Publicly traded companies

All market capitalization figures are in USD millions. Only companies with free float of at least 15% are included; the value of unlisted stock classes is excluded. Investment companies are not included in the list.[2]

2024

This list is up to date as of 31 March 2024. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesMicrosoft
Increase3,126,000[32]
2United StatesApple
Decrease2,648,000[33]
3United StatesNvidia
Increase2,259,000[34]
4United StatesAlphabet
Increase1,893,000[35]
5United StatesAmazon
Increase1,874,000[36]
6United StatesMeta
Increase1,238,000[37]
7United StatesBerkshire Hathaway
Increase912,130[38]
8United StatesEli Lilly
Increase739,660[39]
9TaiwanTSMC
Increase705,690[40]
10United StatesBroadcom
Increase614,220[41]


2023

This list is up to date as of 31 December 2023. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesApple
Increase2,609,000[33]
United StatesApple
Increase3,050,000[33]
United StatesApple
Decrease2,677,000[33]
United StatesApple
Increase2,994,000[33]
2United StatesMicrosoft
Increase2,146,000[32]
United StatesMicrosoft
Increase2,532,000[32]
United StatesMicrosoft
Decrease2,346,000[32]
United StatesMicrosoft
Increase2,795,000[32]
3United StatesAlphabet
Increase1,332,000[35]
United StatesAlphabet
Increase1,530,000[35]
United StatesAlphabet
Increase1,662,000[35]
United StatesAlphabet
Increase1,764,000[35]
4United StatesAmazon
Increase1,058,000[36]
United StatesAmazon
Increase1,337,000[36]
United StatesAmazon
Decrease1,312,000[36]
United StatesAmazon
Increase1,570,000[36]
5United StatesNvidia
Increase686,090[34]
United StatesNvidia
Increase1,044,000[34]
United StatesNvidia
Increase1,074,000[34]
United StatesNvidia
Increase1,223,000[34]
6United StatesBerkshire Hathaway
Decrease677,770[38]
United StatesTesla
Increase829,670[42]
United StatesTesla
Decrease794,200[42]
United StatesMeta
Increase909,000[37]
7United StatesTesla
Increase656,420[42]
United StatesBerkshire Hathaway
Increase745,010[38]
United StatesMeta
Increase772,490[37]
United StatesTesla
Decrease789,930[42]
8United StatesMeta
Increase549,480[43]
United StatesMeta
Increase735,450[43]
United StatesBerkshire Hathaway
Increase769,260[38]
United StatesBerkshire Hathaway
Increase783,550[38]
9TaiwanTSMC
Increase482,410[40]
TaiwanTSMC
Increase523,410[40]
United StatesEli Lilly
Increase509,890[39]
United StatesEli Lilly
Increase553,370[39]
10United StatesVisa
Increase473,870[44]
United StatesVisa
Increase497,370[44]
United StatesVisa
Decrease480,990[44]
TaiwanTSMC
Increase539,390[40]

2022

This list is as of 31 December 2022. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesApple
Decrease2,850,000[33]
United StatesApple
Decrease2,212,000[33]
United StatesApple
Increase2,221,000[33]
United StatesApple

Decrease2,066,000[33]

2United StatesMicrosoft
Decrease2,311,000[32]
United StatesMicrosoft
Decrease1,920,000[32]
United StatesMicrosoft
Decrease1,737,000[32]
United StatesMicrosoft

Increase1,787,000[32]

3United StatesAlphabet
Decrease1,846,000[35]
United StatesAlphabet
Decrease1,435,000[35]
United StatesAlphabet
Decrease1,254,000[35]
United StatesAlphabet

Decrease1,145,000[35]

4United StatesAmazon
Decrease1,659,000[36]
United StatesAmazon
Decrease1,080,000[36]
United StatesAmazon
Increase1,151,000[36]
United StatesAmazon

Decrease856,940[36]

5United StatesTesla
Increase1,114,000[42]
United StatesTesla
Decrease697,660[42]
United StatesTesla
Increase831,150[42]
United StatesBerkshire Hathaway

Increase681,770[38]

6United StatesBerkshire Hathaway
Increase779,150[38]
United StatesBerkshire Hathaway
Decrease602,450[38]
United StatesBerkshire Hathaway
Decrease596,410[38]
United StatesUnitedHealth

Increase495,370[45]

7United StatesNvidia
Decrease684,880[34]
United StatesUnitedHealth
Increase481,870[45]
United StatesUnitedHealth
Decrease472,410[45]
United StatesJohnson & Johnson

Increase461,840[46]

8United StatesMeta
Decrease605,250[43]
United StatesJohnson & Johnson
Decrease467,090[46]
United StatesJohnson & Johnson
Decrease429,500[46]
United StatesExxonMobil

Increase454,240[47]

9TaiwanTSMC
Decrease540,670[40]
ChinaTencent
Decrease445,990[48]
United StatesVisa
Increase374,380[44]
United StatesVisa

Increase439,950[44]

10United StatesUnitedHealth
Increase479,830[45]
United StatesMeta
Decrease436,390[43]
United StatesMeta
Decrease364,650[49]
ChinaTencent

Increase405,090[48]

2021

This list is up to date as of December 31, 2021. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesApple
Decrease2,050,000[33]
United StatesApple
Increase2,286,000[33]
United StatesApple
Increase2,339,000[33]
United StatesApple
Increase2,913,000[33]
2United StatesMicrosoft
Increase1,778,000[32]
United StatesMicrosoft
Increase2,040,000[32]
United StatesMicrosoft
Increase2,119,000[32]
United StatesMicrosoft
Increase2,525,000[32]
3United StatesAmazon
Decrease1,558,000[36]
United StatesAmazon
Increase1,735,000[36]
United StatesAlphabet
Increase1,777,000[35]
United StatesAlphabet
Increase1,922,000[35]
4United StatesAlphabet
Increase1,395,000[35]
United StatesAlphabet
Increase1,680,000[35]
United StatesAmazon
Decrease1,664,000[36]
United StatesAmazon
Increase1,691,000[36]
5United StatesMeta
Increase838,720[43]
United StatesMeta
Increase985,920[43]
United StatesMeta
Decrease956,890[43]
United StatesTesla
Increase1,061,000[42]
6ChinaTencent
Increase766,970[48]
ChinaTencent
Decrease721,460[48]
United StatesTesla
Increase776,850[42]
United StatesMeta
Decrease935,640[43]
7United StatesTesla
Decrease641,110[42]
United StatesTesla
Increase654,780[42]
United StatesBerkshire Hathaway
Decrease619,950[38]
United StatesNvidia
Increase732,920[34]
8ChinaAlibaba Group
Decrease615,010[50]
United StatesBerkshire Hathaway
Increase637,280[38]
TaiwanTSMC
Decrease579,030[40]
United StatesBerkshire Hathaway
Increase668,630[38]
9TaiwanTSMC
Increase613,410[40]
TaiwanTSMC
Increase623,160[40]
ChinaTencent
Decrease574,460[48]
TaiwanTSMC
Increase623,930[40]
10United StatesBerkshire Hathaway
Increase590,050[38]
ChinaAlibaba Group
Increase615,140[50]
United StatesNvidia
Increase517,900[34]
ChinaTencent
Decrease559,900[48]

2020

This Financial Times–based list is up to data as of December 31, 2020. Indicated changes in market value are relative to the previous quarter.

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesMicrosoft
Decrease1,200,000[32]
United StatesApple
Increase1,576,000[33]
United StatesApple
Increase1,981,000[33]
United StatesApple
Increase2,254,000[33]
2United StatesApple
Decrease1,113,000[33]
United StatesMicrosoft
Increase1,551,000[32]
United StatesMicrosoft
Increase1,592,000[32]
United StatesMicrosoft
Increase1,682,000[32]
3United StatesAmazon
Increase970,590[36]
United StatesAmazon
Increase1,432,590[36]
United StatesAmazon
Increase1,577,000[36]
United StatesAmazon
Increase1,634,000[36]
4United StatesAlphabet
Decrease799,180[35]
United StatesAlphabet
Increase979,700[35]
United StatesAlphabet
Increase999,570[35]
United StatesAlphabet
Increase1,185,000[35]
5ChinaAlibaba Group
Decrease521,740[50]
United StatesFacebook
Increase675,690[43]
ChinaAlibaba Group
Increase795,400[50]
United StatesFacebook
Increase776,590[43]
6United StatesFacebook
Decrease475,460[43]
ChinaTencent
Increase620,920[48]
United StatesFacebook
Increase746,100[43]
ChinaTencent
Increase683,470[48]
7ChinaTencent
Increase471,660[48]
ChinaAlibaba Group
Increase579,740[50]
ChinaTencent
Increase646,790[48]
United StatesTesla
Increase668,080[42]
8United StatesBerkshire Hathaway
Decrease440,830[38]
United StatesBerkshire Hathaway
Decrease432,570[38]
United StatesBerkshire Hathaway
Increase509,470[38]
ChinaAlibaba Group
Decrease628,650[50]
9United StatesVisa
Decrease357,020[51]
United StatesVisa
Increase412,710[51]
United StatesVisa
Increase425,510[51]
TaiwanTSMC
Increase565,280[40]
10United StatesJohnson & Johnson
Decrease345,700[46]
United StatesJohnson & Johnson
Increase370,590[46]
TaiwanTSMC
Increase420,440[40]
United StatesBerkshire Hathaway
Increase544,780[38]

2019

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

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesMicrosoft
Increase904,860[32]
United StatesMicrosoft
Increase1,028,000[32]
United StatesMicrosoft
Increase1,062,000[32]
United StatesApple
Increase1,305,000[33]
2United StatesApple
Increase835,670[33]
United StatesAmazon
Increase928,540[36]
United StatesApple
Increase1,012,000[33]
United StatesMicrosoft
Increase1,203,000[32]
3United StatesAmazon
Increase874,710[36]
United StatesApple
Increase911,240[33]
United StatesAmazon
Decrease858,680[36]
United StatesAlphabet
Increase922,130[35]
4United StatesAlphabet
Increase818,160[35]
United StatesAlphabet
Decrease751,170[35]
United StatesAlphabet
Increase838,020[35]
United StatesAmazon
Increase916,150[36]
5United StatesBerkshire Hathaway
Decrease493,750[38]
United StatesFacebook
Increase551,490[43]
United StatesBerkshire Hathaway
Decrease508,530[38]
United StatesFacebook
Increase585,320[43]
6United StatesFacebook
Increase475,730[43]
United StatesBerkshire Hathaway
Increase521,100[38]
United StatesFacebook
Decrease508,050[43]
ChinaAlibaba Group
Increase569,010[50]
7ChinaAlibaba Group
Increase472,940[50]
ChinaAlibaba Group
Decrease439,150[50]
ChinaAlibaba Group
Decrease435,400[50]
United StatesBerkshire Hathaway
Increase553,530[38]
8ChinaTencent
Increase440,980[48]
ChinaTencent
Decrease432,080[48]
ChinaTencent
Decrease398,840[48]
ChinaTencent
Increase461,370[48]
9United StatesJohnson & Johnson
Increase372,230[46]
United StatesVisa
Increase379,271[51]
United StatesVisa
Increase385,370[51]
United StatesJPMorgan Chase
Increase437,230[52]
10United StatesVisa
Increase353,710[51]
United StatesJohnson & Johnson
Decrease370,300[46]
United StatesJPMorgan Chase
Increase376,310[52]
United StatesVisa
Increase416,790[51]

2018

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

RankFirst quarterSecond quarterThird quarterFourth quarter
1United StatesApple
Decrease851,317
United StatesApple
Increase909,840[33]
United StatesApple
Increase1,091,000[33]
United StatesMicrosoft
Decrease780,520[32]
2United StatesAlphabet
Decrease715,404
United StatesAmazon
Increase824,790[36]
United StatesAmazon
Increase976,650[36]
United StatesApple
Decrease748,680[33]
3United StatesMicrosoft
Increase702,760[32]
United StatesAlphabet
Increase774,840[35]
United StatesMicrosoft
Increase877,400[32]
United StatesAmazon
Decrease735,900[36]
4United StatesAmazon
Increase700,672[36]
United StatesMicrosoft
Increase757,640[32]
United StatesAlphabet
Increase839,740[53]
United StatesAlphabet
Decrease728,360[53]
5ChinaTencent
Increase507,990[48]
United StatesFacebook
Increase562,480[43]
United StatesBerkshire Hathaway
Increase523,520[38]
United StatesBerkshire Hathaway
Decrease499,590[38]
6United StatesBerkshire Hathaway
Increase492,019[38]
ChinaTencent
Decrease478,580[48]
United StatesFacebook
Decrease473,850[43]
United StatesFacebook
Decrease375,890[43]
7ChinaAlibaba Group
Increase470,930[50]
ChinaAlibaba Group
Increase476,040[50]
ChinaAlibaba Group
Decrease423,600[50]
ChinaTencent
Decrease375,110[48]
8United StatesFacebook
Decrease464,189[43]
United StatesBerkshire Hathaway
Decrease463,980[38]
ChinaTencent
Decrease388,080[48]
ChinaAlibaba Group
Decrease355,130[50]
9United StatesJPMorgan Chase
Increase377,410[52]
United StatesJPMorgan Chase
Decrease354,780[52]
United StatesJPMorgan Chase
Increase379,440[52]
United StatesJohnson & Johnson
Decrease346,110[46]
10United StatesJohnson & Johnson
Decrease343,780[46]
United StatesExxonMobil
Increase350,270[54]
United StatesJohnson & Johnson
Increase370,650[46]
United StatesJPMorgan Chase
Decrease324,660[52]

2017

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

RankFirst quarter[55][note 3]Second quarter[56][note 3]Third quarter[57][note 3]Fourth quarter
1United StatesApple
Increase753,718
United StatesApple
Decrease749,124
United StatesApple
Increase791,726
United StatesApple
Increase868,880[33]
2United StatesAlphabet
Increase573,570[35]
United StatesAlphabet
Increase628,610[35]
United StatesAlphabet
Increase664,550[35]
United StatesAlphabet
Increase727,040[35]
3United StatesMicrosoft
Increase508,935
United StatesMicrosoft
Increase528,778
United StatesMicrosoft
Increase568,965
United StatesMicrosoft
Increase659,910[32]
4United StatesAmazon
Increase423,031
United StatesAmazon
Increase466,471
United StatesAmazon
Decrease459,435
United StatesAmazon
Increase563,540[36]
5United StatesBerkshire Hathaway
Increase410,880[38]
United StatesBerkshire Hathaway
Increase418,880[38]
United StatesBerkshire Hathaway
Increase451,840[38]
United StatesFacebook
Increase512,760[43]
6United StatesExxonMobil
Increase339,897
United StatesJohnson & Johnson
Increase357,310
ChinaAlibaba Group
Increase436,850[50]
ChinaTencent
Increase493,340[58]
7United StatesJohnson & Johnson
Increase337,947
United StatesFacebook
Increase357,176
ChinaTencent
Increase405,007
United StatesBerkshire Hathaway
Increase489,490[38]
8United StatesFacebook
Increase334,552
ChinaAlibaba Group
Increase356,390[50]
United StatesFacebook
Increase399,946
ChinaAlibaba Group
Increase440,712[58]
9United StatesJPMorgan Chase
Increase313,761
ChinaTencent
Increase344,879
United StatesExxonMobil
Increase348,248
United StatesJohnson & Johnson
Increase375,360[46]
10United StatesWells Fargo
Increase278,516
United StatesExxonMobil
Increase341,947
United StatesJohnson & Johnson
Decrease347,497
United StatesJPMorgan Chase
Increase371,050[52]

2016

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

RankFirst quarter[59][note 3]Second quarter[60][note 3]Third quarter[61][note 3]Fourth quarter[62][note 3]
1United StatesApple
Increase607,465
United StatesApple
Decrease517,069
United StatesApple
Increase604,475
United StatesApple
Increase617,588.49
2United StatesAlphabet
Increase535,660[35]
United StatesAlphabet
Decrease475,320[35]
United StatesAlphabet
Increase535,660[35]
United StatesAlphabet
Decrease531,970[35]
3United StatesMicrosoft
Increase439,734
United StatesMicrosoft
Decrease397,268
United StatesMicrosoft
Increase447,290
United StatesMicrosoft
Increase483,160.28
4United StatesExxonMobil
Increase350,991
United StatesExxonMobil
Increase383,396
United StatesAmazon
Increase393,030
United StatesBerkshire Hathaway
Increase404,390[38]
5United StatesBerkshire Hathaway
Increase349,740[38]
United StatesBerkshire Hathaway
Decrease345,860[38]
United StatesExxonMobil
Decrease358,519
United StatesExxonMobil
Increase374,280
6United StatesJohnson & Johnson
Increase300,604
United StatesAmazon
Increase337,641
United StatesBerkshire Hathaway
Increase358,300[38]
United StatesAmazon
Decrease356,313.12
7United StatesGeneral Electric
Decrease295,546
United StatesJohnson & Johnson
Increase328,234
United StatesJohnson & Johnson
Decrease320,836
United StatesJohnson & Johnson
Decrease313,432.46
8United StatesAmazon
Decrease281,888
United StatesGeneral Electric
Decrease280,927
United StatesFacebook
Increase297,548
United StatesJPMorgan Chase
Increase308,768.42
9United StatesFacebook
Increase259,192
United StatesFacebook
Increase263,930
ChinaTencent
Increase265,603
United StatesGeneral Electric
Increase279,545.92
10United StatesWells Fargo
Decrease246,035
United StatesAT&T
Increase261,035
United StatesGeneral Electric
Decrease261,876
United StatesWells Fargo
Decrease276,779.12

2015

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

RankFirst quarter[63]Second quarter[64]Third quarter[65][note 3]Fourth quarter[66][note 3]
1United StatesApple
Increase724,773.1
United StatesApple
Decrease722,576.9
United StatesApple
Decrease621,939
United StatesApple
Decrease598,344
2United StatesExxonMobil
Decrease356,548.7
United StatesMicrosoft
Increase357,154.4
United StatesGoogle
Increase407,870[35]
United StatesAlphabet
Increase534,090[35]
3United StatesBerkshire Hathaway
Decrease356,510.7
United StatesExxonMobil
Decrease347,868.1
United StatesMicrosoft
Decrease347,432
United StatesMicrosoft
Increase449,799
4United StatesGoogle
Increase345,849.2[67]
United StatesGoogle
Increase336,014.5[35]
United StatesBerkshire Hathaway
Decrease318,180[38]
United StatesBerkshire Hathaway
Increase323,750[38]
5United StatesMicrosoft
Decrease333,524.8
United StatesBerkshire Hathaway
Decrease336,014.5
United StatesExxonMobil
Decrease304,245
United StatesExxonMobil
Increase325,167
6ChinaPetro China
Increase329,715.1
ChinaPetro China
Decrease319,391.6
United StatesJohnson & Johnson
Decrease257,637
United StatesAmazon
Increase323,009
7United StatesWells Fargo
Decrease279,919.7
ChinaICBC
Increase298,531.5
United StatesGeneral Electric
Decrease248,069
United StatesGeneral Electric
Increase313,892
8United StatesJohnson & Johnson
Decrease279,723.9
United StatesWells Fargo
Increase289,591.3
ChinaChina Mobile
Increase243,186
United StatesJohnson & Johnson
Increase287,153
9ChinaICBC
Increase275,389.1
United StatesJohnson & Johnson
Decrease270,260.8
SwitzerlandNovartis
Increase240,373
United StatesWells Fargo
Increase281,770
10SwitzerlandNovartis
Increase267,897.0
United StatesGeneral Electric
Increase267,717.4
SwitzerlandNestlé
Increase233,361
United StatesJPMorgan Chase
Increase245,126

2014

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

RankFirst quarter[68]Second quarter[69]Third quarter[70]Fourth quarter[71]
1United StatesApple
Decrease478,766.1
United StatesApple
Increase560,337.4
United StatesApple
Increase603,277.4
United StatesApple
Increase647,361.0
2United StatesExxonMobil
Decrease422,098.3
United StatesExxonMobil
Increase432,357.3
United StatesExxonMobil
Decrease401,094.1
United StatesExxonMobil
Decrease391,481.9
3United StatesMicrosoft
Increase340,216.8
United StatesGoogle
Increase358,347.3
United StatesMicrosoft
Increase381,959.7
United StatesMicrosoft
Increase382,880.3
4United StatesGoogle
Increase313,003.9
United StatesMicrosoft
Increase344,458.8
United StatesGoogle
Increase361,998.4
United StatesBerkshire Hathaway
Increase370,652.6
5United StatesBerkshire Hathaway
Increase308,090.6
United StatesBerkshire Hathaway
Increase312,216.7
United StatesBerkshire Hathaway
Increase340,055.0
United StatesGoogle
Decrease329,768.5
6United StatesJohnson & Johnson
Increase277,826.2
United StatesJohnson & Johnson
Increase295,980.1
United StatesJohnson & Johnson
Increase300,614.2
ChinaPetroChina
Increase305,536.1
7United StatesWells Fargo
Increase261,217.5
United StatesWells Fargo
Increase276,837
United StatesWells Fargo
Increase270,782.4
United StatesJohnson & Johnson
Decrease292,702.8
8United StatesGeneral Electric
Decrease259,547.3
Netherlands
United Kingdom
Royal Dutch Shell
Increase269,563.4
United StatesGeneral Electric
Decrease257,068.4
United StatesWells Fargo
Increase284,385.6
9SwitzerlandHoffmann-La Roche
Increase258,542.1
United StatesGeneral Electric
Increase263,529.6
SwitzerlandNovartis
Increase255,326.4
United StatesWalmart
Decrease276,807.4
10United StatesWalmart
Decrease246,805.7
SwitzerlandHoffmann-La Roche
Decrease256,322.8
SwitzerlandHoffmann-La Roche
Decrease254,543.8
ChinaICBC
Increase271,146.1

2013

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

RankFirst quarter[72]Second quarter[73]Third quarter[74]Fourth quarter[75]
1United StatesApple
Decrease415,683.3
United StatesExxonMobil
Decrease401,729.8
United StatesApple
Increase433,099.6
United StatesApple
Increase504,770.8
2United StatesExxonMobil
Increase403,733.1
United StatesApple
Decrease372,202.3
United StatesExxonMobil
Decrease378,716.2
United StatesExxonMobil
Increase442,142.8
3United StatesBerkshire Hathaway
Increase256,801.8
United StatesMicrosoft
Increase288,488.8
United StatesBerkshire Hathaway
Increase280,001.5
United StatesMicrosoft
Increase312,297.3
4ChinaPetroChina
Decrease254,618.7
United StatesBerkshire Hathaway
Increase276,548.5
United StatesMicrosoft
Decrease277,220.9
United StatesGoogle
Increase310,079.1
5United StatesWalmart
Increase246,373.3
United StatesWalmart
Decrease244,079.4
United StatesJohnson & Johnson
Increase244,298.5
United StatesBerkshire Hathaway
Increase292,396.0
6United StatesGeneral Electric
Increase239,775.6
United StatesJohnson & Johnson
Increase241,170.9
United StatesGeneral Electric
Increase243,290.4
United StatesGeneral Electric
Increase283,589.8
7United StatesMicrosoft
Increase239,602.3
United StatesGeneral Electric
Increase239,787.2
United StatesWalmart
Decrease240,773.3
United StatesJohnson & Johnson
Increase258,415.4
8United StatesIBM
Increase237,724.7
United StatesGoogle
Increase238,688.6
United StatesGoogle
Decrease237,479.4
United StatesWalmart
Increase254,622.8
9SwitzerlandNestlé
Increase233,792.1
United StatesChevron Corporation
Decrease229,402.6
United StatesChevron Corporation
Increase234,740.8
SwitzerlandHoffmann-La Roche
Increase241,368.0
10United StatesChevron Corporation
Increase230,831.2
ChinaICBC
Increase226,879.8
SwitzerlandHoffmann-La Roche
Increase232,495.2
United StatesChevron Corporation
Increase240,223.4

2012

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

RankFirst quarter[76]Second quarter[77]Third quarter[78]Fourth quarter[79]
1United StatesApple
Increase559,002.1
United StatesApple
Decrease546,076.1
United StatesApple
Increase625,348.1
United StatesApple
Decrease500,610.7
2United StatesExxonMobil
Increase408,777.4
United StatesExxonMobil
Decrease400,139.1
United StatesExxonMobil
Increase422,127.5
United StatesExxonMobil
Decrease394,610.9
3ChinaPetroChina
Increase278,968.4
ChinaPetroChina
Decrease257,685.8
ChinaPetroChina
Decrease253,853.3
ChinaPetroChina
Increase264,833.4
4United StatesMicrosoft
Increase270,644.1
United StatesMicrosoft
Decrease256,982.4
United StatesMicrosoft
Decrease249,489.8
Australia
United Kingdom
BHP Billiton
Increase247,409.0
5United StatesIBM
Increase241,754.6
United StatesWalmart
Increase235,900.3
United StatesWalmart
Increase248,074.4
ChinaICBC
Increase236,457.9
6ChinaICBC
Increase236,335.4
United StatesIBM
Decrease225,598.5
United StatesGeneral Electric
Increase239,791.2
ChinaChina Mobile
Increase234,040.2
7Netherlands
United Kingdom
Royal Dutch Shell
Decrease222,425.1
United StatesGeneral Electric
Increase220,806.3
United StatesIBM
Increase237,068.4
United StatesWalmart
Decrease228,245.4
8ChinaChina Mobile
Increase220,978.9
ChinaChina Mobile
Decrease219,481.3
United StatesChevron Corporation
Increase228,707.1
South KoreaSamsung Electronics
Increase227,581.8
9United StatesGeneral Electric
Increase212,317.7
Netherlands
United Kingdom
Royal Dutch Shell
Decrease217,048.2
ChinaChina Mobile
Increase222,817.8
United StatesMicrosoft
Decrease224,801.0
10United StatesChevron Corporation
Increase211,950.6
ChinaICBC
Decrease211,196.0
Netherlands
United Kingdom
Royal Dutch Shell
Increase222,669.6
Netherlands
United Kingdom
Royal Dutch Shell
Steady222,669.6

2011

This Financial Times–based list is up to date as of 31 December 2011. Indicated changes in market value are relative to the previous quarter.

RankFirst quarter[80]Second quarter[81]Third quarter[82]Fourth quarter[83]
1United StatesExxonMobil
Increase417,166.7
United StatesExxonMobil
Decrease400,884.5
United StatesApple
Increase353,518.1
United StatesExxonMobil
Increase406,272.1
2ChinaPetroChina
Increase326,199.2
United StatesApple
Decrease310,412.3
United StatesExxonMobil
Decrease353,135.2
United StatesApple
Increase376,410.6
3United StatesApple
Increase321,072.1
ChinaPetroChina
Decrease303,649.9
ChinaPetroChina
Decrease276,473.9
ChinaPetroChina
Increase276,844.9
4ChinaICBC
Increase251,078.1
ChinaICBC
Decrease246,850.5
United StatesIBM
Increase208,843.5
Netherlands
United Kingdom
Royal Dutch Shell
Increase236,677.0
5BrazilPetrobras
Increase247,417.6
Australia
United Kingdom
BHP Billiton
Decrease233,626.5
United StatesMicrosoft
Decrease208,534.9
ChinaICBC
Increase228,168.1
6Australia
United Kingdom
BHP Billiton
Increase247,079.5
Netherlands
United Kingdom
Royal Dutch Shell
Decrease225,122.8
ChinaICBC
Decrease206,021.4
United StatesMicrosoft
Increase218,380.1
7ChinaChina Construction Bank
Increase232,608.6
United StatesMicrosoft
Increase219,251.9
ChinaChina Mobile
Increase198,778.7
United StatesIBM
Increase216,724.4
8Netherlands
United Kingdom
Royal Dutch Shell
Increase226,128.7
SwitzerlandNestlé
Increase215,017.5
Netherlands
United Kingdom
Royal Dutch Shell
Decrease197,061.1
United StatesChevron Corporation
Increase211,893.9
9United StatesChevron Corporation
Increase215,780.6
BrazilPetrobras
Decrease210,111.4
SwitzerlandNestlé
Decrease191,115.6
United StatesWalmart
Increase204,659.8
10United StatesMicrosoft
Decrease213,336.4
United StatesIBM
Increase207,781.4
United StatesChevron Corporation
Decrease185,456.1
ChinaChina Mobile
Decrease196,148.4

2010

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

RankFirst quarter[84]Second quarter[85]Third quarter[86]Fourth quarter[87]
1ChinaPetroChina
Decrease329,259.7
United StatesExxonMobil
Decrease291,789.1
United StatesExxonMobil
Increase314,622.5
United StatesExxonMobil
Increase368,711.5
2United StatesExxonMobil
Decrease316,230.8
ChinaPetroChina
Decrease268,504.8
ChinaPetroChina
Increase270,889.9
ChinaPetroChina
Increase303,273.6
3United StatesMicrosoft
Decrease256,864.7
United StatesApple
Increase228,876.8
United StatesApple
Increase259,223.4
United StatesApple
Increase295,886.3
4ChinaICBC
Decrease246,419.8
ChinaICBC
Decrease211,258.7
BrazilPetrobras
Increase220,616.5
Australia
United Kingdom
BHP Billiton
Increase243,540.3
5United StatesApple
Increase213,096.7
United StatesMicrosoft
Decrease201,655.8
ChinaICBC
Increase213,364.1
United StatesMicrosoft
Increase238,784.5
6Australia
United Kingdom
BHP Billiton
Increase209,935.1
ChinaChina Mobile
Increase201,471.2
United StatesMicrosoft
Increase210,676.4
ChinaICBC
Increase233,369.1
7United StatesWalmart
Increase209,000.7
United StatesBerkshire Hathaway
Decrease197,356.8
ChinaChina Mobile
Increase205,339.6
BrazilPetrobras
Increase229,066.6
8United StatesBerkshire Hathaway
Increase200,620.5
ChinaChina Construction Bank
Increase189,170.7
United StatesBerkshire Hathaway
Increase204,792.0
ChinaChina Construction Bank
Increase222,245.1
9United StatesGeneral Electric
Increase194,246.2
United StatesWalmart
Decrease178,322.7
ChinaChina Construction Bank
Increase202,998.4
Netherlands
United Kingdom
Royal Dutch Shell
Increase208,593.7
10ChinaChina Mobile
Increase192,998.6
United StatesProcter & Gamble
172,736.5
Australia
United Kingdom
BHP Billiton
Increase196,866.0
SwitzerlandNestlé
Increase203,534.3

2009

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

RankFirst quarter[88]Second quarter[89]Third quarter[90]Fourth quarter[91]
1United StatesExxonMobil
Decrease336,527
ChinaPetroChina
Increase366,662.9
United StatesExxonMobil
Decrease329,725
ChinaPetroChina
Increase353,140.1
2ChinaPetroChina
Increase287,185
United StatesExxonMobil
Increase341,140.3
ChinaPetroChina
Decrease325,097.5
United StatesExxonMobil
Decrease323,717.1
3United StatesWalmart
Decrease204,365
ChinaICBC
Increase257,004.4
ChinaICBC
Decrease237,951.5
United StatesMicrosoft
Increase270,635.4
4ChinaICBC
Increase187,885
United StatesMicrosoft
Increase211,546.2
United StatesMicrosoft
Increase229,630.7
ChinaICBC
Increase268,956.2
5ChinaChina Mobile
Decrease174,673
ChinaChina Mobile
Increase200,832.4
United KingdomHSBC
Increase198,561.1
United StatesWalmart
Increase203,653.6
6United StatesMicrosoft
Decrease163,320
United StatesWalmart
Decrease188,752.0
ChinaChina Mobile
Decrease195,680.4
ChinaChina Construction Bank
Increase201,436.1
7United StatesAT&T
Decrease148,511
ChinaChina Construction Bank
Increase182,186.7
United StatesWalmart
Increase189,331.6
Australia
United Kingdom
BHP Billiton
Increase201,248
8United StatesJohnson & Johnson
Decrease145,481
BrazilPetrobras
Increase165,056.9
BrazilPetrobras
Increase189,027.7
United KingdomHSBC
Increase199,254.9
9Netherlands
United Kingdom
Royal Dutch Shell
Decrease138,999
United StatesJohnson & Johnson
Increase156,515.9
ChinaChina Construction Bank
Increase186,816.7
BrazilPetrobras
Increase199,107.9
10United StatesProcter & Gamble
Decrease138,013
Netherlands
United Kingdom
Royal Dutch Shell
Increase156,386.7
Netherlands
United Kingdom
Royal Dutch Shell
Increase175,986.1
United StatesApple
Increase189,801.7

2008

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

RankFirst quarter[92]Second quarter[93]Third quarter[94]Fourth quarter[95]
1United StatesExxonMobil
Decrease452,505
United StatesExxonMobil
Increase465,652
United StatesExxonMobil
Increase403,366
United StatesExxonMobil
Increase406,067
2ChinaPetroChina
Decrease423,996
ChinaPetroChina
Increase341,140.3
ChinaPetroChina
Decrease325,097.5
ChinaPetroChina
Decrease259,836
3United StatesGeneral Electric
Decrease369,569
ChinaICBC
Increase257,004.4
ChinaICBC
Decrease237,951.5
United StatesWalmart
Decrease219,898
4RussiaGazprom
Decrease299,764
United StatesMicrosoft
Increase211,546.2
United StatesMicrosoft
Increase229,630.7
ChinaChina Mobile
Increase201,291
5ChinaChina Mobile
Decrease298,093
ChinaChina Mobile
Increase200,832.4
United KingdomHSBC
Increase198,561.1
United StatesProcter & Gamble
Decrease184,576
6ChinaICBC
Decrease277,236
United StatesWalmart
Decrease188,752.0
ChinaChina Mobile
Decrease195,680.4
ChinaICBC
Decrease173,930
7United StatesMicrosoft
Decrease264,132
ChinaChina Construction Bank
Increase182,186.7
United StatesWalmart
Increase189,331.6
United StatesMicrosoft
Decrease172,929
8United StatesAT&T
Decrease231,168
BrazilPetrobras
Increase165,056.9
BrazilPetrobras
Increase189,027.7
United StatesAT&T
Increase167,950
9Netherlands
United Kingdom
Royal Dutch Shell
Decrease220,110
United StatesJohnson & Johnson
Increase156,515.9
ChinaChina Construction Bank
Increase186,816.7
United StatesJohnson & Johnson
Decrease166,002
10United StatesProcter & Gamble
Decrease215,640
Netherlands
United Kingdom
Royal Dutch Shell
Increase156,386.7
Netherlands
United Kingdom
Royal Dutch Shell
Increase175,986.1
United StatesGeneral Electric
Decrease161,278

2007

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

RankFirst quarter[96]Second quarter[97]Third quarter[98]Fourth quarter[99]
1United StatesExxonMobil
Decrease429,567
United StatesExxonMobil
Increase472,519
United StatesExxonMobil
Increase513,362
ChinaPetrochina
Increase723,952
2United StatesGeneral Electric
Decrease363,611
United StatesGeneral Electric
Increase393,831
United StatesGeneral Electric
Increase424,191
United StatesExxonMobil
Decrease511,887
3United StatesMicrosoft
Decrease272,912
United StatesMicrosoft
Increase281,934
ChinaChina Mobile
Increase327,937
United StatesGeneral Electric
Decrease374,637
4United StatesCitigroup
Decrease252,857
Netherlands
United Kingdom
Royal Dutch Shell
Increase266,141
ChinaICBC
Increase279,269
ChinaChina Mobile
Increase354,120
5United StatesAT&T
Increase246,206
United StatesAT&T
Increase255,871
United StatesMicrosoft
Decrease276,202
ChinaICBC
Increase338,989
6RussiaGazprom
Decrease245,911
United StatesCitigroup
Increase253,703
Netherlands
United Kingdom
Royal Dutch Shell
Decrease264,397
United StatesMicrosoft
Increase333,054
7JapanToyota
Decrease230,832
RussiaGazprom
Decrease245,757
RussiaGazprom
Increase260,249
RussiaGazprom
Increase329,591
8United StatesBank of America
Decrease228,177
United KingdomBP
Increase231,491
United StatesAT&T
Increase258,047
Netherlands
United Kingdom
Royal Dutch Shell
Increase269,544
9ChinaICBC
Decrease224,788
JapanToyota
Decrease228,009
United StatesCitigroup
Decrease232,162
United StatesAT&T
Decrease252,051
10Netherlands
United Kingdom
Royal Dutch Shell
Decrease214,018
United StatesBank of America
Decrease216,963
United StatesBank of America
Increase223,066
ChinaSinopec
Increase249,645

2006

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

RankFirst quarter[100]Second quarter[101]Third quarter[102]Fourth quarter[103]
1United StatesExxonMobil
Increase371,631
United StatesExxonMobil
Decrease371,187
United StatesExxonMobil
Increase398,906
United StatesExxonMobil
Increase446,943
2United StatesGeneral Electric
Decrease362,527
United StatesGeneral Electric
Decrease342,731
United StatesGeneral Electric
Increase364,414
United StatesGeneral Electric
Increase383,564
3United StatesMicrosoft
Increase281,171
RussiaGazprom
Increase246,341
United StatesMicrosoft
Increase272,679.0
United StatesMicrosoft
Increase293,537
4United StatesCitigroup
Decrease238,935
United StatesCitigroup
Increase239,862
RussiaGazprom
Decrease254,634.3
United StatesCitigroup
Increase273,691
5United KingdomBP
Increase233,260
United StatesMicrosoft
Decrease237,688
United StatesCitigroup
Increase246,727
RussiaGazprom
Increase271,482
6United StatesBank of America
Increase211,706
United KingdomBP
Increase233,151
United StatesBank of America
Increase242,451
ChinaICBC
Increase254,592
7Netherlands
United Kingdom
Royal Dutch Shell
Increase211,280
Netherlands
United Kingdom
Royal Dutch Shell
Increase224,925
Netherlands
United Kingdom
Royal Dutch Shell
Decrease216,368
JapanToyota
Increase241,161
8United StatesWalmart
Increase196,860
United StatesBank of America
Increase219,504
United KingdomBP
Decrease215,623
United StatesBank of America
Decrease239,758
9JapanToyota
Increase196,731
United KingdomHSBC
Increase201,854
United KingdomHSBC
Increase209,774
Netherlands
United Kingdom
Royal Dutch Shell
Increase225,781
10RussiaGazprom
Increase196,339
United StatesWalmart
Increase200,762
United StatesPfizer
Increase206,785
United KingdomBP
Increase218,643

2005

This Financial Times–This list is up to date as of 31 March 2005.[104]

RankNameCountryPrimary industryMarket value
(USD million)
1General ElectricUnited StatesConglomerateIncrease382,233
2ExxonMobilUnited StatesOil and gasIncrease380,567
3MicrosoftUnited StatesSoftware industryDecrease262,975
4CitigroupUnited StatesBankingDecrease234,437
5BPUnited KingdomOil and gasIncrease221,365
6WalmartUnited StatesRetailDecrease212,209
7Royal Dutch ShellNetherlands

United Kingdom

Oil and gasIncrease210,630
8Johnson & JohnsonUnited StatesHealth careIncrease199,711
9PfizerUnited StatesHealth careDecrease195,945
10Bank of AmericaUnited StatesBankingIncrease178,765

2004

This Financial Times–based list is up to date as 31 March 2004.[105]

RankNameCountryPrimary industryMarket value (USD million)
1General ElectricUnited StatesConglomerateIncrease299,336
2MicrosoftUnited StatesSoftware industryIncrease271,911
3ExxonMobilUnited StatesOil and gasIncrease263,940
4PfizerUnited StatesHealth careIncrease261,616
5CitigroupUnited StatesBankingIncrease259,191
6WalmartUnited StatesRetailIncrease258,888
7American International GroupUnited StatesInsuranceIncrease183,696
8Intel CorporationUnited StatesComputer hardwareIncrease179,996
9BPUnited KingdomOil and gasIncrease174,648
10HSBCUnited KingdomBankingIncrease163,574

2003

This Financial Times–based list is up to date as December 2003.[106]

RankNameCountryPrimary industryMarket value (USD million)
1MicrosoftUnited StatesSoftware industryDecrease264,003
2General ElectricUnited StatesConglomerateDecrease259,647
3ExxonMobilUnited StatesOil and gasDecrease241,037
4WalmartUnited StatesRetailDecrease234,399
5PfizerUnited StatesHealth careDecrease195,948
6CitigroupUnited StatesBankingDecrease183,887
7Johnson & JohnsonUnited StatesHealth careDecrease170,417
8Royal Dutch ShellNetherlands

United Kingdom

Oil and gasDecrease149,034
9BPUnited KingdomOil and gasDecrease144,381
10IBMUnited StatesComputer software, computer hardwareIncrease139,272

2002

This Financial Times–based list is up to date December 2002.[107]

RankNameCountryPrimary industryMarket value (USD million)
1General ElectricUnited StatesConglomerateDecrease372,089
2MicrosoftUnited StatesSoftware industryIncrease326,639
3ExxonMobilUnited StatesOil and gasIncrease299,820
4WalmartUnited StatesRetailIncrease273,220
5CitigroupUnited StatesBankingIncrease255,299
6PfizerUnited StatesHealth careDecrease249,021
7Intel CorporationUnited StatesComputer hardwareDecrease203,838
8BPUnited KingdomOil and gasDecrease200,794
9Johnson & JohnsonUnited StatesHealth careIncrease197,912
10Royal Dutch ShellNetherlands

United Kingdom

Oil and gasDecrease189,913

2001

This Financial Times–based list is up to date as 31 March 2001.[108]

RankNameCountryPrimary industryMarket value (USD million)
1General ElectricUnited StatesConglomerateIncrease477,406
2Cisco SystemsUnited StatesNetworking hardwareDecrease304,699
3ExxonMobilUnited StatesOil and gasIncrease286,367
4PfizerUnited StatesHealth care263,996
5MicrosoftUnited StatesSoftware industryDecrease258,436
6WalmartUnited StatesRetailDecrease250,955
7CitigroupUnited StatesBanking250,143
8VodafoneUnited KingdomTelecommunications227,175
9IntelUnited StatesComputer hardwareDecrease227,048
10Royal Dutch ShellNetherlands

United Kingdom

Oil and gas206,340

2000

This Financial Times–based list is up to date as 31 March 2000.[109]

RankNameCountryPrimary industryMarket value (USD million)
1MicrosoftUnited StatesSoftware industryDecrease586,197
2General ElectricUnited StatesConglomerateDecrease474,956
3NTT DocomoJapanTelecommunicationsIncrease366,204
4Cisco SystemsUnited StatesNetworking hardwareDecrease348,965
5WalmartUnited StatesRetailDecrease286,153
6IntelUnited StatesComputer hardwareIncrease277,096
7Nippon Telegraph & TelephoneJapanTelecommunicationsIncrease274,905
8ExxonMobilUnited StatesOil and gasDecrease265,894
9LucentUnited StatesTelecommunicationsIncrease237,668
10Deutsche TelekomGermanyTelecommunicationsDecrease209,628

1999

The 10 largest companies in the world by market capitalization in 1999[110]

RankNameCountryIndustryMarket value (USD million)
1MicrosoftUnited StatesSoftware industryIncrease602,430
2General ElectricUnited StatesConglomerateIncrease507,220
3Cisco SystemsUnited StatesComputer hardwareIncrease357,110
4Wal-MartUnited StatesRetailIncrease307,520
5ExxonMobilUnited StatesOil and gasIncrease278,870
6IntelUnited StatesComputer hardwareIncrease275,010
7Nippon Telegraph & TelephoneJapanTelecommunicationsIncrease272,050
8LucentUnited StatesTelecommunicationsIncrease227,990
9NokiaFinlandTelecommunicationsIncrease218,990
10Deutsche TelekomGermanyTelecommunicationsIncrease216,070

1998

This Financial Times–based list is up to date as of 30 September 1998.[111]

RankNameCountryPrimary industryMarket value
(USD million)
1MicrosoftUnited StatesSoftwareIncrease271,854
2General ElectricUnited StatesConglomerateIncrease258,871
3ExxonMobilUnited StatesOil and gasIncrease172,213
4Royal Dutch ShellNetherlands

United Kingdom

Oil and gasDecrease164,157
5MerckUnited StatesHealth careIncrease154,753
6PfizerUnited StatesHealth careIncrease148,074
7IntelUnited StatesComputer hardwareDecrease144,060
8The Coca-Cola CompanyUnited StatesBeverageDecrease142,164
9WalmartUnited StatesRetailIncrease123,062
10IBMUnited StatesSoftware, computer hardwareIncrease121,184

1997

This Financial Times–based list is up to date as of 30 September 1997.[112]

RankNameCountryPrimary industryMarket value (USD million)
1General ElectricUnited StatesConglomerateIncrease222,748
2Royal Dutch ShellNetherlands

United Kingdom

Oil and gasIncrease191,002
3MicrosoftUnited StatesSoftware industryIncrease159,660
4ExxonMobilUnited StatesOil and gasIncrease157,970
5The Coca-Cola CompanyUnited StatesBeverageIncrease151,288
6IntelUnited StatesComputer hardwareIncrease150,838
7Nippon Telegraph & TelephoneJapanTelecommunicationsIncrease146,139
8MerckUnited StatesHealth careIncrease120,757
9ToyotaJapanAutomotiveIncrease116,585
10NovartisSwitzerlandHealth careIncrease104,468

1996

This Financial Times–based list is up to date as of 30 September 1996.[113]

RankNameCountryPrimary industryMarket value (USD million)
1General ElectricUnited StatesConglomerate136,515
2Royal Dutch ShellNetherlands

United Kingdom

Oil and gas128,206
3The Coca-Cola CompanyUnited StatesBeverage117,258
4Nippon Telegraph & TelephoneJapanTelecommunications113,609
5ExxonMobilUnited StatesOil and gas102,161

See also

Notes

References