List of public corporations by market capitalization explained

The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value":^[1]

Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day. The list is expressed in USD millions, using exchange rates from the selected day to convert other currencies.^[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] [4]}

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		382,233
2		United States		380,567
3		United States		262,975
4		United States		234,437
5		United Kingdom	Oil and gas	221,365
6		United States		212,209
7		NetherlandsUnited Kingdom	Oil and gas	210,630
8		United States		199,711
9		United States	Health care	195,945
10		United States	Banking	178,765

2004

This Financial Times–based list is up to date as 31 March 2004.^[104]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		299,336
2		United States		271,911
3		United States		263,940
4		United States		261,616
5		United States		259,191
6		United States		258,888
7		United States		183,696
8		United States		179,996
9		United Kingdom	Oil and gas	174,648
10		United Kingdom	Banking	163,574

2003

This Financial Times–based list is up to date as December 2003.^[105]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		264,003
2		United States		259,647
3		United States		241,037
4		United States		234,399
5		United States		195,948
6		United States		183,887
7		United States	Health care	170,417
8		NetherlandsUnited Kingdom	Oil and gas	149,034
9		United Kingdom	Oil and gas	144,381
10		United States		139,272

2002

This Financial Times–based list is up to date December 2002.^[106]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		372,089
2		United States		326,639
3		United States		299,820
4		United States		273,220
5		United States		255,299
6		United States		249,021
7		United States		203,838
8		United Kingdom	Oil and gas	200,794
9		United States	Health care	197,912
10		NetherlandsUnited Kingdom	Oil and gas	189,913
10		United States		139,272
7		United States		183,696
10		United Kingdom	Banking	163,574
10		United States	Banking	178,765
8		United States		194,000
9		Japan		187,182-->

2001

This Financial Times–based list is up to date as 31 March 2001.^[107]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		477,406
2		United States		304,699
3		United States		286,367
4		United States		263,996
5		United States		258,436
6		United States		250,955
7		United States		250,143
8		United Kingdom		227,175
9		United States		227,048
10		NetherlandsUnited Kingdom	Oil and gas	206,340
8		United Kingdom	Oil and gas	200,794
9		United States	Health care	197,912
10		United States		139,272
7		United States		183,696
10		United Kingdom	Banking	163,574
10		United States	Banking	178,765
8		United States		194,000
9		Japan		187,182-->

2000

This Financial Times–based list is up to date as 31 March 2000.^[108]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		586,197
2		United States		474,956
3		Japan		366,204
4		United States		348,965
5		United States		286,153
6		United States		277,096
7		Japan	Telecommunications	274,905
8		United States		265,894
9		United States	Telecommunications	237,668
10		Germany	Telecommunications	209,628

1999

The 10 largest companies in the world by market capitalization in 1999^[109]

Rank	Name	Country	Industry	Market value (USD million)
1				602,430
2		United States		507,220
3		United States		357,110
4		United States		307,520
5		United States		278,870
6		United States		275,010
7		Japan	Telecommunications	272,050
8		United States	Telecommunications	227,990
9		Finland	Telecommunications	218,990
10		Germany	Telecommunications	216,070

1998

This Financial Times–based list is up to date as of 30 September 1998.^[110]

Rank	Name	Country	Primary industry	Market value (USD million)
1		United States		271,854
2		United States		258,871
3		United States		172,213
4		NetherlandsUnited Kingdom	Oil and gas	164,157
5		United States		154,753
6		United States	Health care	148,074
7		United States		144,060
8		United States		142,164
9		United States		123,062
10		United States	Software, computer hardware	121,184

1997

This Financial Times–based list is up to date as of 30 September 1997.^[111]

Rank	Name	Country	Primary industry	Market value (USD million)	-	1		United States		222,748
2		NetherlandsUnited Kingdom		191,002
3		United States		159,660
4		United States	Oil and gas	157,970
5		United States		151,288
6		United States		150,838
7		Japan		146,139
8		United States		120,757
9		Japan		116,585
10		Switzerland	Health care	104,468

1996

This Financial Times–based list is up to date as of 30 September 1996.^[112]

Rank	Name	Country	Primary industry	Market value (USD million)	-	1		United States		136,515
2		NetherlandsUnited Kingdom		128,206
3		United States		117,258
4		Japan		113,609
5		United States	Oil and gas	102,161

See also

• List of countries by stock market capitalization
• List of largest companies by revenue
• List of largest employers
• List of largest corporate profits and losses
• List of wealthiest religious organizations
• Corporate capitalism
• World Economic Forum
• Fortune Global 500

Notes and References

1. News: Grocer. Stephen. 5 February 2019. Biggest Public Company? Microsoft. Wait, Apple Again. Amazon? No, Back to Microsoft.. en-US. The New York Times. 20 February 2022. 0362-4331. 20 February 2022. https://web.archive.org/web/20220220110633/https://www.nytimes.com/2019/02/05/business/dealbook/apple-amazon-microsoft-market-value.html. live.
2. Web site: FT 500 2015 Introduction and methodology. Financial Times. 19 June 2015. 20 July 2015. 2 September 2016. https://web.archive.org/web/20160902100616/http://www.ft.com/cms/s/2/1fda5794-169f-11e5-b07f-00144feabdc0.html. live.
3. Web site: Companies ranked by Market Cap - CompaniesMarketCap.com. 9 December 2021. companiesmarketcap.com. en-us. 14 April 2021. https://web.archive.org/web/20210414112804/https://companiesmarketcap.com/. live.
4. Web site: Davies. Rob. Apple becomes world's first trillion-dollar company. TheGuardian.com. 2 August 2018. 3 November 2019. 28 April 2020. https://web.archive.org/web/20200428201743/https://www.theguardian.com/technology/2018/aug/02/apple-becomes-worlds-first-trillion-dollar-company. live.
5. Web site: Popken. Ben. Apple just became the first U.S. Company worth $2 trillion. NBC News. 19 August 2020. 19 August 2020. 19 August 2020. https://web.archive.org/web/20200819155155/https://www.nbcnews.com/business/business-news/apple-now-worth-2-trillion-making-it-most-valuable-company-n1237287. live.
6. Web site: Smith. Zachary Snowdon. Apple Becomes 1st Company Worth $3 Trillion. Forbes. 3 January 2022. 3 January 2022. https://web.archive.org/web/20220103220644/https://www.forbes.com/sites/zacharysmith/2022/01/03/apple-becomes-1st-company-worth-3-trillion-greater-than-the-gdp-of-the-uk/amp/. live.
7. News: Saul . Derek . 10 July 2024 . Apple And Nvidia Stocks Boost S&P 500 And Nasdaq To All-Time Highs . . 11 July 2024 . https://web.archive.org/web/20240711013850/https://www.forbes.com/sites/dereksaul/2024/07/10/apple-and-nvidia-stocks-boost-sp-500-and-nasdaq-to-all-time-highs/ . live.
8. Web site: Levy . Ari . 25 April 2019 . Microsoft hits $1 trillion market cap for the first time as stock jumps on earnings beat . . 13 February 2024 . 30 November 2023 . https://web.archive.org/web/20231130194116/https://www.cnbc.com/2019/04/25/microsoft-hits-1-trillion-market-cap-for-the-first-time-on-earnings.html . live .
9. News: Microsoft Rises to Join Apple in Exclusive $2 Trillion Club. Vlastelica. Ryan. Bass. Dina. 22 June 2021. Bloomberg L.P.. 22 June 2021. 22 June 2021. https://web.archive.org/web/20210622213727/https://www.bloomberg.com/news/articles/2021-06-22/microsoft-rallies-to-join-apple-in-exclusive-2-trillion-club. live.
10. Web site: Oguh . Chibuike . 24 January 2024 . Microsoft hits $3 trillion market value, second to Apple . 26 January 2024 . Reuters.
11. News: Seitz . Patrick . Apple Stock First To Close Above $3.5 Trillion Market Cap . 9 July 2024 . . en-US . 10 July 2024 . 11 July 2024 . https://web.archive.org/web/20240711013815/https://www.investors.com/news/technology/apple-stock-first-to-close-above-3-5-trillion-market-cap/ . live .
12. Web site: 30 May 2023 . Nvidia hits $1 trillion market cap . 30 May 2023 . . 30 May 2023 . https://web.archive.org/web/20230530135203/https://finance.yahoo.com/news/nvidia-touches-1-trillion-market-cap-as-chipmaker-rides-ai-wave-133530381.html . live .
13. Web site: Saul . Derek . 23 February 2024 . Nvidia Tops $2 Trillion Market Value For First Time Ever . 23 February 2024 . . en . 23 February 2024 . https://web.archive.org/web/20240223152414/https://www.forbes.com/sites/dereksaul/2024/02/23/nvidia-tops-2-trillion-market-value-for-first-time-ever/ . live .
14. Web site: Leswing . Kif . Nvidia passes Apple in market cap as second-most valuable public U.S. company . . 11 June 2024 . https://web.archive.org/web/20240611151019/https://www.cnbc.com/2024/06/05/nvidia-passes-apple-in-market-cap.html . 11 June 2024 . live.
15. Web site: Clarence-Smith . Louisa . 18 June 2024 . Nvidia overtakes Microsoft and Apple to become world's most valuable company . 18 June 2024 . . subscription . en.
16. Web site: 11 December 2019 . Saudi Aramco becomes most valuable listed company in history . 10 December 2022 . . en . 13 October 2023 . https://web.archive.org/web/20231013153342/https://www.theguardian.com/business/2019/dec/11/saudi-aramco-shares-soar-as-it-becomes-world-largest-listed-company . live .
17. Web site: Riley . Charles . 12 December 2019 . The world has its first $2 trillion company. But for how long? . 10 December 2022 . . en . 12 December 2019 . https://web.archive.org/web/20191212140841/https://www.cnn.com/2019/12/12/investing/saudi-aramco-2-trillion/index.html . live .
18. News: Wael . Salma . 10 May 2022 . Saudi Aramco briefly becomes world's top-valued company as shares surge . . 13 February 2024 . 13 February 2024 . https://web.archive.org/web/20240213065853/https://www.arabnews.com/node/2078926/ajax/aggregate . live .
19. Web site: Elias . Jennifer . 16 January 2020 . Alphabet, Google's parent company, hits trillion-dollar market cap for first time . . 13 February 2024 . 30 October 2023 . https://web.archive.org/web/20231030093038/https://www.cnbc.com/2020/01/16/alphabet-stock-hits-1-trillion-market-cap-for-first-time.html . live .
20. News: Google hits $2 trillion market cap, joining ranks of Microsoft and Apple. Howley. Daniel. 8 November 2021. Yahoo! Finance. 8 November 2021. 8 November 2021. https://web.archive.org/web/20211108154003/https://finance.yahoo.com/news/google-hits-2-trillion-market-cap-152843213.html. live.
21. Web site: Vlastelica . Ryan . 26 April 2024 . Alphabet Joins $2 Trillion Club as Results Show AI Strength . . 26 April 2024 . 26 April 2024 . https://archive.today/20240426172120/https://www.bloomberg.com/news/articles/2024-04-26/alphabet-leaps-into-2-trillion-club-as-results-show-ai-strength . live .
22. Web site: Amazon is now worth $1,000,000,000,000. DePillis. Lydia. 4 September 2018. CNNMoney. 31 January 2020. 31 January 2020. https://web.archive.org/web/20200131221947/https://money.cnn.com/2018/09/04/technology/amazon-1-trillion/index.html. live.
23. News: Liu . Evie . 20 December 2023 . Three Magnificent Seven Stocks Hit Record Highs This Past Month. Will the Others Follow? . . 13 February 2024 . 13 February 2024 . https://web.archive.org/web/20240213065853/https://www.barrons.com/articles/magnificent-seven-stocks-records-36195b6c . live .
24. Web site: Smith . AmitConnor . 11 April 2024 . Alphabet and Amazon.com Approach Mega Milestones . . 26 April 2024 . 15 April 2024 . https://web.archive.org/web/20240415201200/https://www.barrons.com/livecoverage/stock-market-today-041124/card/alphabet-and-amazon-com-approach-mega-milestones-MyTyj6gr40c0TmfwbkPW . live .
25. Web site: 28 June 2021 . Louise . Moon . Io . Dodds . Facebook joins $1 trillion club after antitrust win . . 13 February 2024 . 13 February 2024 . https://web.archive.org/web/20240213065853/https://www.telegraph.co.uk/business/2021/06/28/facebooks-hits-1-trillion-valuation-antitrust-win/ . live .
26. News: Pelletier . Martin . 12 February 2024 . Markets have turned into a one-trick pony — and that doesn't bode well . . 13 February 2024 . 12 February 2024 . https://web.archive.org/web/20240212113935/https://financialpost.com/investing/markets-turned-one-trick-pony-doesnt-bode-well . live .
27. Web site: 25 October 2021 . Tesla breaches $1 trillion market cap . 25 October 2021 . . 25 October 2021 . https://web.archive.org/web/20211025172857/https://www.reuters.com/business/autos-transportation/tesla-breaches-1-trillion-market-cap-2021-10-25/ . live .
28. Web site: Tully . Shawn . 3 November 2021 . Tesla stock just made the biggest 12-day gain in the history of capital markets . . 13 February 2024 . 13 February 2024 . https://web.archive.org/web/20240213065853/https://fortune.com/2021/11/03/tsla-tesla-stock-biggest-12-day-gain-history-of-capital-markets/ . live .
29. Web site: Broadcom Market Cap . ycharts.com . 16 April 2024 . 11 January 2015 . https://web.archive.org/web/20150111013524/http://ycharts.com/companies/AVGO/market_cap . live .
30. Web site: Facebook Market Cap. ycharts.com. 3 October 2022. 3 October 2022. https://web.archive.org/web/20221003202334/https://ycharts.com/companies/META/market_cap. live.
31. Web site: Eli Lilly Market Cap. ycharts.com. 9 October 2023. 4 November 2023. https://web.archive.org/web/20231104094308/https://ycharts.com/companies/LLY/market_cap. live.
32. Web site: Visa Market Cap . ycharts.com . 2 October 2019 . 2 October 2019 . https://web.archive.org/web/20191002224149/https://ycharts.com/companies/V/market_cap . live .
33. Web site: Exxon Mobil Market Cap . 1 July 2018 . 30 September 2019 . https://web.archive.org/web/20190930032050/https://ycharts.com/companies/XOM/market_cap . live .
34. Web site: UnitedHealth Group Market Cap . 10 April 2022 . ycharts.com . 15 March 2023 . https://web.archive.org/web/20230315032732/https://ycharts.com/companies/UNH/market_cap . live .
35. Web site: Meta Platforms Market Cap . 3 October 2022 . 3 October 2022 . https://web.archive.org/web/20221003202334/https://ycharts.com/companies/META/market_cap . live .
36. Web site: Nvidia Market Cap NVDA. 30 September 2021. ycharts.com. 27 May 2022. https://web.archive.org/web/20220527144604/https://ycharts.com/companies/NVDA/market_cap. live.
37. Web site: Tesla Market Cap TSLA. 1 January 2021. ycharts.com. 20 February 2021. https://web.archive.org/web/20210220030011/https://ycharts.com/companies/TSLA/market_cap. live.
38. Web site: Taiwan Semiconductor Manufacturing Market Cap TSM. 4 October 2020. ycharts.com. 8 October 2020. https://web.archive.org/web/20201008235706/https://ycharts.com/companies/TSM/market_cap. live.
39. Web site: 3 October 2019. Visa Mobil Market Cap. 2 October 2019. https://web.archive.org/web/20191002224149/https://ycharts.com/companies/V/market_cap. live.
40. Web site: 1 January 2019. Apple Market Cap. ycharts.com. 15 May 2019. https://web.archive.org/web/20190515130746/https://ycharts.com/companies/AAPL/market_cap. live.
41. Web site: 1 January 2019. Alphabet Inc. Market Cap Class A. ycharts.com. 1 April 2019. https://web.archive.org/web/20190401045123/https://ycharts.com/companies/GOOGL/market_cap. live.
42. Web site: 1 January 2019. Tencent Holdings Market Cap. 1 July 2018. https://web.archive.org/web/20180701165155/https://ycharts.com/companies/TCTZF/market_cap. live.
43. Web site: 30 June 2018. Exxon Mobil Market Cap. 30 September 2019. https://web.archive.org/web/20190930032050/https://ycharts.com/companies/XOM/market_cap. live.
44. Web site: Financial Times FT500 2017-04-01. 8 April 2017. 8 November 2017. https://web.archive.org/web/20171108151955/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170401. live.
45. Web site: Financial Times FT500 2017-06-30. 3 July 2017. 8 November 2017. https://web.archive.org/web/20171108151938/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170630. live.
46. Web site: Financial Times FT500 2017-09-29. 9 October 2017. 9 October 2017. https://web.archive.org/web/20171009093132/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_170929. live.
47. Web site: 1 January 2019. Microsoft Market Cap. ycharts.com. 23 October 2019. https://web.archive.org/web/20191023091434/https://ycharts.com/companies/MSFT/market_cap. live.
48. Web site: 1 January 2019. Amazon.com Cap. ycharts.com. 30 September 2019. https://web.archive.org/web/20190930132738/https://ycharts.com/companies/AMZN/market_cap. live.
49. Web site: 1 January 2019. Facebook Market Cap. ycharts.com. 24 August 2017. https://web.archive.org/web/20170824234056/https://ycharts.com/companies/FB/market_cap. dead.
50. Web site: 23 January 2018. Tencent and Alibaba top Asia's market cap ranking in 2017. nikkei.com. 19 September 2023. https://web.archive.org/web/20230919224330/https://asia.nikkei.com/magazine/20180111/Business/Tencent-and-Alibaba-top-Asia-s-market-cap-ranking-in-2017. live.
51. Web site: 1 January 2019. Alibaba Group Holding Market Cap (BABA). ycharts.com. 16 August 2017. https://web.archive.org/web/20170816021925/https://ycharts.com/companies/BABA/market_cap. live.
52. Web site: 1 January 2019. Johnson & Johnson Market Cap. ycharts.com. 31 March 2019. https://web.archive.org/web/20190331214943/https://ycharts.com/companies/JNJ/market_cap. live.
53. Web site: 1 January 2019. JPMorgan Chase Market Cap. ycharts.com. 31 March 2019. https://web.archive.org/web/20190331214931/https://ycharts.com/companies/JPM/market_cap. live.
54. Web site: Financial Times FT500 2016-03-31. 28 April 2016. 10 January 2020. https://web.archive.org/web/20200110210556/http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=03%2F31%2F2016. live.
55. Web site: Financial Times FT500 2016-06-16. 8 April 2017. 8 November 2017. https://web.archive.org/web/20171108152010/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_300616. live.
56. Web site: Financial Times FT500 2016-09-30. 8 April 2017. 8 November 2017. https://web.archive.org/web/20171108204738/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_160930. live.
57. Web site: Financial Times FT500 2016-12-31. 8 April 2017. 8 November 2017. https://web.archive.org/web/20171108151539/https://markets.ft.com/data/dataarchive/ajax/fetchreport?reportCode=GMKT&documentKey=688_GMKT_161231. live.
58. Web site: 1 January 2019. Alphabet Market Cap (GOOG). ycharts.com. 5 March 2017. https://web.archive.org/web/20170305042452/https://ycharts.com/companies/GOOG/market_cap. live.
59. Web site: 1 January 2019. Berkshire Hathaway. ycharts.com. 9 April 2017. https://web.archive.org/web/20170409112156/https://ycharts.com/companies/BRK.A/market_cap. live.
60. Web site: Financial Times. 21 June 2015. 1 August 2016. https://web.archive.org/web/20160801064230/http://im.ft-static.com/content/images/b38c350e-169d-11e5-b07f-00144feabdc0.xls. live.
61. Web site: Financial Times. 31 July 2015. 3 August 2016. https://web.archive.org/web/20160803161551/http://im.ft-static.com/content/images/3738dd34-35da-11e5-b05b-b01debd57852.xls. live.
62. Web site: FT500. 14 September 2016. 10 January 2020. https://web.archive.org/web/20200110164542/http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=09%2F30%2F2015. live.
63. In case some companies with multiple classes of stock only one class is considered.
64. Web site: FT500. 3 October 2016. 15 December 2018. https://web.archive.org/web/20181215122150/http://markets.ft.com/Research/Markets/DataArchiveFetchReport?Category=&Type=GMKT&Date=12%2F31%2F2015. live.
65. 376,801.4 if unlisted classes of shares included, see http://im.ft-static.com/content/images/b2a77270-169d-11e5-b07f-00144feabdc0.xls
66. Web site: Financial Times. 4 July 2014. 1 August 2016. https://web.archive.org/web/20160801063937/http://im.ft-static.com/content/images/7097ad1a-fded-11e3-bd0e-00144feab7de.xls. live.
67. Web site: Financial Times. 17 August 2014. 3 August 2016. https://web.archive.org/web/20160803161414/http://im.ft-static.com/content/images/632d8aa6-05da-11e4-9baa-00144feab7de.xls. live.
68. Web site: Financial Times. 8 October 2014. 9 August 2019. https://web.archive.org/web/20190809202711/http://im.ft-static.com/content/images/e563a0fa-4e14-11e4-adfe-00144feab7de.xls. live.
69. Web site: Financial Times. 19 January 2015. 3 August 2016. https://web.archive.org/web/20160803160227/http://im.ft-static.com/content/images/07b13826-9739-11e4-9636-00144feabdc0.xls. live.
70. Web site: Financial Times. 20 June 2013. 5 February 2020. https://web.archive.org/web/20200205210157/https://im.ft-static.com/content/images/67c810a4-ae5b-11e2-bdfd-00144feabdc0.pdf. live.
71. Web site: Financial Times. 4 November 2013. 13 July 2018. https://web.archive.org/web/20180713131344/http://media.ft.com/cms/9d06140c-3036-11e3-9eec-00144feab7de.pdf. live.
72. Web site: Financial Times. 4 November 2013. 13 July 2018. https://web.archive.org/web/20180713123317/http://media.ft.com/cms/5e951442-3037-11e3-9eec-00144feab7de.pdf. live.
73. Web site: Financial Times. 5 January 2014. 15 January 2017. https://web.archive.org/web/20170115230936/http://im.ft-static.com/content/images/cc52757a-7492-11e3-9125-00144feabdc0.pdf. live.
74. Web site: Financial Times. 16 August 2012. 5 February 2020. https://web.archive.org/web/20200205210201/https://im.ft-static.com/content/images/a81f853e-ca80-11e1-89f8-00144feabdc0.pdf. live.
75. Web site: Financial Times. 16 August 2012. 6 November 2012. https://web.archive.org/web/20121106030843/http://www.ft.com/intl/cms/de0a839a-d1cb-11e1-bb82-00144feabdc0.pdf. live.
76. Web site: Financial Times. 19 October 2012. 14 April 2020. https://web.archive.org/web/20200414173417/https://im.ft-static.com/content/images/c2a82f60-138b-11e2-9cc7-00144feabdc0.pdf. live.
77. Web site: Financial Times Global 500 December 2012. 30 January 2013. 5 February 2020. https://web.archive.org/web/20200205210150/https://im.ft-static.com/content/images/2a53e388-569a-11e2-aa70-00144feab49a.pdf. live.
78. Web site: Financial Times. 11 July 2011. 11 March 2012. https://web.archive.org/web/20120311021515/http://media.ft.com/cms/33558890-98d4-11e0-bd66-00144feab49a.pdf. live.
79. Web site: Financial Times. 9 August 2011. 5 February 2020. https://web.archive.org/web/20200205210217/https://im.ft-static.com/content/images/fbe463aa-a660-11e0-ae9c-00144feabdc0.pdf. live.
80. Web site: Financial Times. 9 October 2011. 14 April 2020. https://web.archive.org/web/20200414173428/https://im.ft-static.com/content/images/f808f946-ef56-11e0-918b-00144feab49a.pdf. live.
81. Web site: Financial Times. 19 January 2012. 20 September 2018. https://web.archive.org/web/20180920011210/http://media.ft.com/cms/73f82726-385d-11e1-9f07-00144feabdc0.pdf. live.
82. Web site: Financial Times. 14 September 2010. 11 October 2010. https://web.archive.org/web/20101011053354/http://media.ft.com/cms/15951a1e-4899-11df-9a5d-00144feab49a.pdf. live.
83. Web site: Financial Times. 14 September 2010. 28 September 2010. https://web.archive.org/web/20100928060244/http://media.ft.com/cms/620e79e8-8837-11df-a4e7-00144feabdc0.pdf. live.
84. Web site: Financial Times. 14 October 2010. 15 December 2018. https://web.archive.org/web/20181215123244/http://media.ft.com/cms/8ec77a3e-d549-11df-8e86-00144feabdc0.pdf. live.
85. Web site: Financial Times. 8 January 2011. 15 December 2018. https://web.archive.org/web/20181215121756/http://media.ft.com/cms/253867ca-1a60-11e0-b003-00144feab49a.pdf. live.
86. Web site: Financial Times. 10 May 2009. 29 December 2009. https://web.archive.org/web/20091229032022/http://media.ft.com/cms/25ee9d0e-2905-11de-bc5e-00144feabdc0.pdf. live.
87. Web site: Financial Times. 3 August 2009. 20 May 2011. https://web.archive.org/web/20110520171402/http://media.ft.com/cms/27fa616e-6c76-11de-a6e6-00144feabdc0.pdf. live.
88. Web site: Financial Times. 4 March 2010. 25 July 2011. https://web.archive.org/web/20110725030647/http://media.ft.com/cms/9503137a-be59-11de-9195-00144feab49a.pdf. live.
89. Web site: Financial Times. 4 March 2010. 13 March 2010. https://web.archive.org/web/20100313071423/http://media.ft.com/cms/419e021c-fecd-11de-91d7-00144feab49a.pdf. live.
90. Web site: Financial Times. 1 May 2008. 10 September 2008. https://web.archive.org/web/20080910101015/http://media.ft.com/cms/7f24a88e-0faa-11dd-8871-0000779fd2ac.pdf. live.
91. Web site: Financial Times. 16 July 2008. 10 September 2008. https://web.archive.org/web/20080910101007/http://media.ft.com/cms/1ec66660-48eb-11dd-9a5f-000077b07658.pdf. live.
92. Web site: Financial Times. 12 October 2008. 5 February 2009. https://web.archive.org/web/20090205235429/http://media.ft.com/cms/eee5847a-9085-11dd-8abb-0000779fd18c.pdf. live.
93. Web site: Financial Times. 25 January 2009. 27 March 2009. https://web.archive.org/web/20090327022752/http://media.ft.com/cms/b5e2c024-dd89-11dd-930e-000077b07658.pdf. live.
94. Web site: Financial Times. 17 November 2007. 23 July 2012. https://web.archive.org/web/20120723054859/http://media.ft.com/cms/4608ca30-e788-11db-8098-000b5df10621,dwp_uuid=f1db8aa0-4d1f-11da-ba44-0000779e2340.pdf. live.
95. Web site: Financial Times. 17 November 2007. 8 February 2012. https://web.archive.org/web/20120208094724/http://media.ft.com/cms/6aec81f8-2bd9-11dc-b498-000b5df10621,dwp_uuid=95d63dfa-257b-11dc-b338-000b5df10621.pdf. live.
96. Web site: Financial Times. 17 November 2007. 8 February 2012. https://web.archive.org/web/20120208094915/http://media.ft.com/cms/018dd1ea-758e-11dc-b7cb-0000779fd2ac,dwp_uuid=95d63dfa-257b-11dc-b338-000b5df10621.pdf. live.
97. Web site: Financial Times. 1 May 2008. 10 September 2008. https://web.archive.org/web/20080910101025/http://media.ft.com/cms/813c979e-0faa-11dd-8871-0000779fd2ac.pdf. live.
98. Web site: Financial Times. 17 November 2007. 10 September 2008. https://web.archive.org/web/20080910101026/http://media.ft.com/cms/b970931e-c2f8-11da-a381-0000779e2340.pdf. live.
99. Web site: Financial Times. 17 November 2007. 10 September 2008. https://web.archive.org/web/20080910101029/http://media.ft.com/cms/8bd31770-0a7d-11db-b595-0000779e2340.pdf. live.
100. Web site: Financial Times. 17 November 2007. 23 July 2012. https://web.archive.org/web/20120723072055/http://media.ft.com/cms/d6af3604-51f2-11db-bce6-0000779e2340,dwp_uuid=95d63dfa-257b-11dc-b338-000b5df10621.pdf. live.
101. Web site: Financial Times. 17 November 2007. 23 July 2012. https://web.archive.org/web/20120723050253/http://media.ft.com/cms/ff835864-a646-11db-937f-0000779e2340,dwp_uuid=95d63dfa-257b-11dc-b338-000b5df10621.pdf. live.
102. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20080720031023/http://specials.ft.com/spdocs/global500_2005.pdf. 20 July 2008. dead.
103. Web site: Top companies in the world by market capitalization. Statista.

     Company	Country	When first passed			Record value date	Record value		Notes
     		width=120pt	$1 trillion	width=120pt		$2 trillion	width=120pt	$3 trillion	Nominal	Inflation- adjusted
     Apple								^[4] ^[5] ^[6] ^[7]
     								^[8] ^[9] ^[10] ^[11]
     Nvidia					20 June 2024	3,450		^[12] ^[13] ^[14] ^[15]
     Saudi Aramco				—				^[16] ^[17] ^[18]
     Alphabet				—				^[19] ^[20] ^[21]
     				—				^[22] ^[23] ^[24]
     Meta			—	—				^[25] ^[26]
     Tesla			—	—				^[27] ^[28]

     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.

     2024

     This list is up to date . Indicated changes in market value are relative to the previous quarter.

     First quarter

     ! colspan="2"

     Second quarter	Third quarter		Fourth quarter
     1		Microsoft 3,126,000		Microsoft 3,322,000
     2		Apple 2,648,000		Apple 3,230,000
     3		Nvidia 2,259,000		Nvidia 3,182,000
     4		Alphabet 1,893,000		Alphabet 2,267,000
     5		Amazon 1,874,000		Amazon 2,011,000
     6		Meta 1,238,000		Meta 1,279,000
     7		Berkshire Hathaway 912,130		TSMC 901,390
     8		Eli Lilly 739,660		Berkshire Hathaway 879,670
     9		TSMC 705,690		Eli Lilly 815,210
     10		Broadcom 614,220^[29]		Broadcom 747,360

     2023

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

     First quarter

     ! colspan="2"

     Second quarter	Third quarter		Fourth quarter
     1		Apple 2,609,000		Apple Inc.	Apple 3,050,000		Apple Inc.	Apple 2,677,000		Apple 2,994,000
     2		Microsoft 2,146,000		Microsoft 2,532,000		Microsoft 2,346,000		Microsoft 2,795,000
     3		Alphabet 1,332,000		Alphabet Inc.	Alphabet 1,530,000		Alphabet Inc.	Alphabet 1,662,000		Alphabet Inc.	Alphabet 1,764,000
     4		Amazon 1,058,000		Amazon 1,337,000		Amazon 1,312,000		Amazon 1,570,000
     5		Nvidia 686,090		Nvidia 1,044,000		Nvidia 1,074,000		Nvidia 1,223,000
     6		Berkshire Hathaway 677,770		Tesla, Inc.	Tesla 829,670		Tesla, Inc.	Tesla 794,200		Meta Platforms	Meta 909,000^[30]
     7		Tesla 656,420		Berkshire Hathaway 745,010		Meta Platforms	Meta 772,490		Tesla, Inc.	Tesla 789,930
     8		Meta 549,480		Meta Platforms	Meta 735,450		Berkshire Hathaway 769,260		Berkshire Hathaway 783,550
     9		TSMC 482,410		TSMC 523,410		Eli Lilly 509,890^[31]		Eli Lilly 553,370
     10		Visa 473,870^[32]		Visa 497,370		Visa 480,990		TSMC 539,390

     2022

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

     First quarter ! colspan="2"

     Second quarter	Third quarter		Fourth quarter
     1		Apple 2,850,000		Apple 2,212,000		Apple 2,221,000		Apple2,066,000
     2		Microsoft 2,311,000		Microsoft 1,920,000		Microsoft 1,737,000		Microsoft1,787,000
     3		Alphabet 1,846,000		Alphabet 1,435,000		Alphabet 1,254,000		Alphabet1,145,000
     4		Amazon 1,659,000		Amazon 1,080,000		Amazon 1,151,000		Amazon856,940
     5		Tesla 1,114,000		Tesla 697,660		Tesla 831,150		Berkshire Hathaway 681,770
     6		Berkshire Hathaway 779,150		Berkshire Hathaway 602,450		Berkshire Hathaway 596,410		UnitedHealth495,370
     7		Nvidia 684,880		UnitedHealth 481,870		UnitedHealth 472,410		Johnson & Johnson461,840
     8		Meta 605,250		Johnson & Johnson 467,090		Johnson & Johnson 429,500		ExxonMobil454,240^[33]
     9		TSMC 540,670		Tencent 445,990		Visa 374,380		Visa439,950
     10		UnitedHealth 479,830^[34]		Meta 436,390		Meta 364,650^[35]		Tencent405,090

     2021

     This list is up to date . Indicated changes in market value are relative to the previous quarter.

     Rank	First quarter		Second quarter		Third quarter		Fourth quarter
     1		Apple 2,050,000		Apple 2,286,000		Apple 2,339,000		Apple 2,913,000
     2		Microsoft 1,778,000		Microsoft 2,040,000		Microsoft 2,119,000		Microsoft 2,525,000
     3		Amazon 1,558,000		Amazon 1,735,000		Alphabet 1,777,000		Alphabet 1,922,000
     4		Alphabet 1,395,000		Alphabet 1,680,000		Amazon 1,664,000		Amazon 1,691,000
     5		Meta 838,720		Meta 985,920		Meta 956,890			Tesla 1,061,000
     6		Tencent 766,970		Tencent 721,460		Tesla 776,850		Meta 935,640
     7		Tesla 641,110		Tesla 654,780		Berkshire Hathaway 619,950		Nvidia 732,920
     8		Alibaba Group 615,010		Berkshire Hathaway 637,280		TSMC 579,030		Berkshire Hathaway 668,630
     9		TSMC 613,410		TSMC 623,160		Tencent 574,460		TSMC 623,930
     10		Berkshire Hathaway 590,050		Alibaba Group 615,140		Nvidia 517,900^[36]		Tencent 559,900

     2020

     This Financial Times–based list is up to data . Indicated changes in market value are relative to the previous quarter.

     Rank	First quarter		Second quarter		Third quarter		Fourth quarter
     1		Microsoft 1,200,000		Apple 1,576,000		Apple 1,981,000		Apple 2,254,000
     2		Apple 1,113,000		Microsoft 1,551,000		Microsoft 1,592,000		Microsoft 1,682,000
     3		Amazon 970,590		Amazon 1,432,590		Amazon 1,577,000		Amazon 1,634,000
     4		Alphabet 799,180		Alphabet 979,700		Alphabet 999,570		Alphabet 1,185,000
     5		Alibaba Group 521,740		Facebook 675,690		Alibaba Group 795,400		Facebook 776,590
     6		Facebook 475,460		Tencent 620,920		Facebook 746,100		Tencent 683,470
     7		Tencent 471,660		Alibaba Group 579,740		Tencent 646,790		Tesla 668,080^[37]
     8		Berkshire Hathaway 440,830		Berkshire Hathaway 432,570		Berkshire Hathaway 509,470		Alibaba Group 628,650
     9		Visa 357,020		Visa 412,710		Visa 425,510		TSMC 565,280
     10		Johnson & Johnson 345,700		Johnson & Johnson 370,590		TSMC 420,440^[38]		Berkshire Hathaway 544,780

     2019

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

     Rank	First quarter		Second quarter		Third quarter		Fourth quarter
     1		Microsoft 904,860		Microsoft 1,028,000		Microsoft 1,062,000		Apple 1,305,000
     2		Apple 835,670		Amazon 928,540		Apple 1,012,000		Microsoft 1,203,000
     3		Amazon 874,710		Apple 911,240		Amazon 858,680		Alphabet 922,130
     4		Alphabet 818,160		Alphabet 751,170		Alphabet 838,020		Amazon 916,150
     5		Berkshire Hathaway 493,750		Facebook 551,490		Berkshire Hathaway 508,530		Facebook 585,320
     6		Facebook 475,730		Berkshire Hathaway 521,100		Facebook 508,050		Alibaba Group 569,010
     7		Alibaba Group 472,940		Alibaba Group 439,150		Alibaba Group 435,400		Berkshire Hathaway 553,530
     8		Tencent 440,980		Tencent 432,080		Tencent 398,840		Tencent 461,370
     9		Johnson & Johnson 372,230		Visa 379,271		Visa 385,370^[39]		JPMorgan Chase 437,230
     10		Visa 353,710		Johnson & Johnson 370,300		JPMorgan Chase 376,310		Visa 416,790

     2018

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

     Rank	First quarter		Second quarter		Third quarter		Fourth quarter
     1		Apple 851,317		Apple 909,840^[40]		Apple 1,091,000		Microsoft 780,520
     2		Alphabet 715,404		Amazon 824,790		Amazon 976,650		Apple 748,680
     3		Microsoft 702,760		Alphabet 774,840		Microsoft 877,400		Amazon 735,900
     4		Amazon 700,672		Microsoft 757,640		Alphabet 839,740^[41]		Alphabet 728,360
     5		Tencent 507,990		Facebook 562,480		Berkshire Hathaway 523,520		Berkshire Hathaway 499,590
     6		Berkshire Hathaway 492,019		Tencent 478,580^[42]		Facebook 473,850		Facebook 375,890
     7		Alibaba Group 470,930		Alibaba Group 476,040		Alibaba Group 423,600		Tencent 375,110
     8		Facebook 464,189		Berkshire Hathaway 463,980		Tencent 388,080		Alibaba Group 355,130
     9		JPMorgan Chase 377,410		JPMorgan Chase 354,780		JPMorgan Chase 379,440		Johnson & Johnson 346,110
     10		Johnson & Johnson 343,780		ExxonMobil 350,270^[43]		Johnson & Johnson 370,650		JPMorgan Chase 324,660

     2017

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

     Rank	First quarter^[44]		Second quarter^[45]		Third quarter^[46]		Fourth quarter
     1		Apple 753,718		Apple 749,124		Apple 791,726		Apple 868,880
     2		Alphabet 573,570		Alphabet 628,610		Alphabet 664,550		Alphabet 727,040
     3		Microsoft 508,935		Microsoft 528,778		Microsoft 568,965		Microsoft 659,910^[47]
     4		Amazon 423,031		Amazon 466,471		Amazon 459,435		Amazon 563,540^[48]
     5		Berkshire Hathaway 410,880		Berkshire Hathaway 418,880		Berkshire Hathaway 451,840		Facebook 512,760^[49]
     6		ExxonMobil 339,897		Johnson & Johnson 357,310		Alibaba Group 436,850		Tencent 493,340^[50]
     7		Johnson & Johnson 337,947		Facebook 357,176		Tencent 405,007		Berkshire Hathaway 489,490
     8		Facebook 334,552		Alibaba Group 356,390^[51]		Facebook 399,946		Alibaba Group 440,712
     9		JPMorgan Chase 313,761		Tencent 344,879		ExxonMobil 348,248		Johnson & Johnson 375,360^[52]
     10		Wells Fargo 278,516		ExxonMobil 341,947		Johnson & Johnson 347,497		JPMorgan Chase 371,050^[53]

     2016

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

     -- style="width:100%;" -->
     Rank	First quarter^[54]		Second quarter^[55]		Third quarter^[56]		Fourth quarter^[57]
     1		Apple 607,465		Apple 517,069		Apple 604,475			Apple 617,588.49
     2		Alphabet 535,660		Alphabet 475,320		Alphabet 535,660		Alphabet 531,970^[58]
     3		Microsoft 439,734		Microsoft 397,268		Microsoft 447,290		Microsoft 483,160.28
     4		ExxonMobil 350,991		ExxonMobil 383,396		Amazon 393,030		Berkshire Hathaway 404,390^[59]
     5		Berkshire Hathaway 349,740		Berkshire Hathaway 345,860		ExxonMobil 358,519		ExxonMobil 374,280
     6		Johnson & Johnson 300,604		Amazon 337,641		Berkshire Hathaway 358,300		Amazon 356,313.12
     7		General Electric 295,546		Johnson & Johnson 328,234		Johnson & Johnson 320,836		Johnson & Johnson 313,432.46
     8		Amazon 281,888		General Electric 280,927		Facebook 297,548		JPMorgan Chase 308,768.42
     9		Facebook 259,192		Facebook 263,930		Tencent 265,603		General Electric 279,545.92
     10		Wells Fargo 246,035		AT&T 261,035		General Electric 261,876		Wells Fargo 276,779.12

     2015

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

     -- style="width:100%;" -->
     Rank	First quarter^[60]		Second quarter^[61]		Third quarter^[62] ^[63]		Fourth quarter^[64]
     1		Apple 724,773.1		Apple 722,576.9		Apple 621,939		Apple 598,344
     2		ExxonMobil 356,548.7		Microsoft 357,154.4		Google 407,870		Alphabet 534,090
     3		Berkshire Hathaway 356,510.7		ExxonMobil 347,868.1		Microsoft 347,432		Microsoft 449,799
     4		Google 345,849.2^[65]		Google 336,014.5		Berkshire Hathaway 318,180		Berkshire Hathaway 323,750
     5		Microsoft 333,524.8		Berkshire Hathaway 336,014.5		ExxonMobil 304,245		ExxonMobil 325,167
     6		Petro China 329,715.1		Petro China 319,391.6		Johnson & Johnson 257,637		Amazon 323,009
     7		Wells Fargo 279,919.7		ICBC 298,531.5		General Electric 248,069		General Electric 313,892
     8		Johnson & Johnson 279,723.9		Wells Fargo 289,591.3		China Mobile 243,186		Johnson & Johnson 287,153
     9		ICBC 275,389.1		Johnson & Johnson 270,260.8		Novartis 240,373		Wells Fargo 281,770
     10		Novartis 267,897.0		General Electric 267,717.4		Nestlé 233,361		JPMorgan Chase 245,126

     2014

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

     -- style="width:100%;" -->
     Rank	First quarter^[66]		Second quarter^[67]		Third quarter^[68]		Fourth quarter^[69]
     1		Apple 478,766.1		Apple 560,337.4		Apple 603,277.4		Apple 647,361.0
     2		ExxonMobil 422,098.3		ExxonMobil 432,357.3		ExxonMobil 401,094.1		ExxonMobil 391,481.9
     3		Microsoft 340,216.8		Google 358,347.3		Microsoft 381,959.7		Microsoft 382,880.3
     4		Google 313,003.9		Microsoft 344,458.8		Google 361,998.4		Berkshire Hathaway 370,652.6
     5		Berkshire Hathaway 308,090.6		Berkshire Hathaway 312,216.7		Berkshire Hathaway 340,055.0		Google 329,768.5
     6		Johnson & Johnson 277,826.2		Johnson & Johnson 295,980.1		Johnson & Johnson 300,614.2		PetroChina 305,536.1
     7		Wells Fargo 261,217.5		Wells Fargo 276,837		Wells Fargo 270,782.4		Johnson & Johnson 292,702.8
     8		General Electric 259,547.3		Royal Dutch Shell 269,563.4		General Electric 257,068.4		Wells Fargo 284,385.6
     9		Hoffmann-La Roche 258,542.1		General Electric 263,529.6		Novartis 255,326.4		Walmart 276,807.4
     10		Walmart 246,805.7		Hoffmann-La Roche 256,322.8		Hoffmann-La Roche 254,543.8		ICBC 271,146.1

     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.

     -- style="width:100%;" -->
     Rank	First quarter^[70]		Second quarter^[71]		Third quarter^[72]		Fourth quarter^[73]
     1		Apple 415,683.3		ExxonMobil 401,729.8		Apple 433,099.6		Apple 504,770.8
     2		ExxonMobil 403,733.1		Apple 372,202.3		ExxonMobil 378,716.2		ExxonMobil 442,142.8
     3		Berkshire Hathaway 256,801.8		Microsoft 288,488.8		Berkshire Hathaway 280,001.5		Microsoft 312,297.3
     4		PetroChina 254,618.7		Berkshire Hathaway 276,548.5		Microsoft 277,220.9		Google 310,079.1
     5		Walmart 246,373.3		Walmart 244,079.4		Johnson & Johnson 244,298.5		Berkshire Hathaway 292,396.0
     6		General Electric 239,775.6		Johnson & Johnson 241,170.9		General Electric 243,290.4		General Electric 283,589.8
     7		Microsoft 239,602.3		General Electric 239,787.2		Walmart 240,773.3		Johnson & Johnson 258,415.4
     8		IBM 237,724.7		Google 238,688.6		Google 237,479.4		Walmart 254,622.8
     9		Nestlé 233,792.1		Chevron Corporation 229,402.6		Chevron Corporation 234,740.8		Hoffmann-La Roche 241,368.0
     10		Chevron Corporation 230,831.2		ICBC 226,879.8		Hoffmann-La Roche 232,495.2		Chevron Corporation 240,223.4

     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.

     -- style="width:100%;" -->
     Rank	First quarter^[74]		Second quarter^[75]		Third quarter^[76]		Fourth quarter^[77]
     1		Apple 559,002.1		Apple 546,076.1		Apple 625,348.1		Apple 500,610.7
     2		ExxonMobil 408,777.4		ExxonMobil 400,139.1		ExxonMobil 422,127.5		ExxonMobil 394,610.9
     3		PetroChina 278,968.4		PetroChina 257,685.8		PetroChina 253,853.3		PetroChina 264,833.4
     4		Microsoft 270,644.1		Microsoft 256,982.4		Microsoft 249,489.8		BHP Billiton 247,409.0
     5		IBM 241,754.6		Walmart 235,900.3		Walmart 248,074.4		ICBC 236,457.9
     6		ICBC 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		Walmart 228,245.4
     8		China Mobile 220,978.9		China Mobile 219,481.3		Chevron Corporation 228,707.1		Samsung Electronics 227,581.8
     9		General Electric 212,317.7		Royal Dutch Shell 217,048.2		China Mobile 222,817.8		Microsoft 224,801.0
     10		Chevron Corporation 211,950.6		ICBC 211,196.0		Royal Dutch Shell 222,669.6		Royal Dutch Shell 222,669.6

     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.

     Rank	First quarter^[78]		Second quarter^[79]		Third quarter^[80]		Fourth quarter^[81]
     1		ExxonMobil 417,166.7		ExxonMobil 400,884.5		Apple 353,518.1		ExxonMobil 406,272.1
     2		PetroChina 326,199.2		Apple 310,412.3		ExxonMobil 353,135.2		Apple 376,410.6
     3		Apple 321,072.1		PetroChina 303,649.9		PetroChina 276,473.9		PetroChina 276,844.9
     4		ICBC 251,078.1		ICBC 246,850.5		IBM 208,843.5		Royal Dutch Shell 236,677.0
     5		Petrobras 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
     7		China 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
     9		Chevron Corporation 215,780.6		Petrobras 210,111.4		Nestlé 191,115.6		Walmart 204,659.8
     10		Microsoft 213,336.4		IBM 207,781.4		Chevron Corporation 185,456.1		China Mobile 196,148.4

     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.

     Rank	First quarter^[82]		Second quarter^[83]		Third quarter^[84]		Fourth quarter^[85]
     1		PetroChina 329,259.7		ExxonMobil 291,789.1		ExxonMobil 314,622.5		ExxonMobil 368,711.5
     2		ExxonMobil 316,230.8		PetroChina 268,504.8		PetroChina 270,889.9		PetroChina 303,273.6
     3		Microsoft 256,864.7		Apple 228,876.8		Apple 259,223.4		Apple 295,886.3
     4		ICBC 246,419.8		ICBC 211,258.7		Petrobras 220,616.5		BHP Billiton 243,540.3
     5		Apple 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
     7		Walmart 209,000.7		Berkshire Hathaway 197,356.8		China Mobile 205,339.6		Petrobras 229,066.6
     8		Berkshire Hathaway 200,620.5		China Construction Bank 189,170.7		Berkshire Hathaway 204,792.0		China Construction Bank 222,245.1
     9		General Electric 194,246.2		Walmart 178,322.7		China Construction Bank 202,998.4		Royal Dutch Shell 208,593.7
     10		China Mobile 192,998.6		Procter & Gamble 172,736.5		BHP Billiton 196,866.0		Nestlé 203,534.3

     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.

     Rank	First quarter^[86]		Second quarter^[87]		Third quarter^[88]		Fourth quarter^[89]
     1		ExxonMobil 336,527		PetroChina 366,662.9		ExxonMobil 329,725		PetroChina 353,140.1
     2		PetroChina 287,185		ExxonMobil 341,140.3		PetroChina 325,097.5		ExxonMobil 323,717.1
     3		Walmart 204,365		ICBC 257,004.4		ICBC 237,951.5		Microsoft 270,635.4
     4		ICBC 187,885		Microsoft 211,546.2		Microsoft 229,630.7		ICBC 268,956.2
     5		China Mobile 174,673		China Mobile 200,832.4		HSBC 198,561.1		Walmart 203,653.6
     6		Microsoft 163,320		Walmart 188,752.0		China Mobile 195,680.4		China Construction Bank 201,436.1
     7		AT&T 148,511		China Construction Bank 182,186.7		Walmart 189,331.6		BHP Billiton 201,248
     8		Johnson & 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
     10		Procter & Gamble 138,013		Royal Dutch Shell 156,386.7		Royal Dutch Shell 175,986.1		Apple 189,801.7

     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.

     Rank	First quarter^[90]		Second quarter^[91]		Third quarter^[92]		Fourth quarter^[93]
     1		ExxonMobil 452,505		ExxonMobil 465,652		ExxonMobil 403,366		ExxonMobil 406,067
     2		PetroChina 423,996		PetroChina 341,140.3		PetroChina 325,097.5		PetroChina 259,836
     3		General Electric 369,569		ICBC 257,004.4		ICBC 237,951.5		Walmart 219,898
     4		Gazprom 299,764		Microsoft 211,546.2		Microsoft 229,630.7		China Mobile 201,291
     5		China Mobile 298,093		China Mobile 200,832.4		HSBC 198,561.1		Procter & Gamble 184,576
     6		ICBC 277,236		Walmart 188,752.0		China Mobile 195,680.4		ICBC 173,930
     7		Microsoft 264,132		China Construction Bank 182,186.7		Walmart 189,331.6		Microsoft 172,929
     8		AT&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
     10		Procter & 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 31 December 2007. Indicated changes in market value are relative to the previous quarter.

     Rank	First quarter^[94]		Second quarter^[95]		Third quarter^[96]		Fourth quarter^[97]
     1		ExxonMobil 429,567		ExxonMobil 472,519		ExxonMobil 513,362		Petrochina 723,952
     2		General Electric 363,611		General Electric 393,831		General Electric 424,191		ExxonMobil 511,887
     3		Microsoft 272,912		Microsoft 281,934		China Mobile 327,937		General Electric 374,637
     4		Citigroup 252,857		Royal Dutch Shell 266,141		ICBC 279,269		China Mobile 354,120
     5		AT&T 246,206		AT&T 255,871		Microsoft 276,202		ICBC 338,989
     6		Gazprom 245,911		Citigroup 253,703		Royal Dutch Shell 264,397		Microsoft 333,054
     7		Toyota 230,832		Gazprom 245,757		Gazprom 260,249		Gazprom 329,591
     8		Bank of America 228,177		BP 231,491		AT&T 258,047		Royal Dutch Shell 269,544
     9		ICBC 224,788		Toyota 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 market value are relative to the previous quarter.

     Rank	First quarter^[98]		Second quarter^[99]		Third quarter^[100]		Fourth quarter^[101]
     1		ExxonMobil 371,631		ExxonMobil 371,187		ExxonMobil 398,906		ExxonMobil 446,943
     2		General Electric 362,527		General Electric 342,731		General Electric 364,414		General Electric 383,564
     3		Microsoft 281,171		Gazprom 246,341		Microsoft 272,679.0		Microsoft 293,537
     4		Citigroup 238,935		Citigroup 239,862		Gazprom 254,634.3		Citigroup 273,691
     5		BP 233,260		Microsoft 237,688		Citigroup 246,727		Gazprom 271,482
     6		Bank of America 211,706		BP 233,151		Bank of America 242,451		ICBC 254,592
     7		Royal Dutch Shell 211,280		Royal Dutch Shell 224,925		Royal Dutch Shell 216,368		Toyota 241,161
     8		Walmart 196,860		Bank of America 219,504		BP 215,623		Bank of America 239,758
     9		Toyota 196,731		HSBC 201,854		HSBC 209,774		Royal Dutch Shell 225,781
     10		Gazprom 196,339		Walmart 200,762		Pfizer 206,785		BP 218,643

     2005

     This Financial Times–This list is up to date as of 31 March 2005.^[102]

104. Web site: FT.com / Search.
105. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20080910101006/http://specials.ft.com/spdocs/global5002003.pdf. 10 September 2008. dead.
106. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20080828204144/http://specials.ft.com/spdocs/FT3BNS7BW0D.pdf. 28 August 2008. dead.
107. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20071113124026/http://specials.ft.com/ft500/may2001/FT36H8Z8KMC.html. 13 November 2007. dead.
108. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20100329134002/http://specials.ft.com/ln/specials/global5002a.htm. 29 March 2010. dead.
109. Web site: Biggest companies in the world by market cap 1999 . 3 November 2022 . 3 November 2022 . https://web.archive.org/web/20221103110306/https://www.statista.com/statistics/1261140/biggest-companies-in-the-world-by-market-cap-1999/ . live .
110. Web site: Help - FT Help - FT.com What happened to Press Cuttings?. specials.ft.com. 17 November 2007. https://web.archive.org/web/20100201221716/http://specials.ft.com/ln/ftsurveys/q3542.htm. 1 February 2010. dead.
111. Financial Times, 22 January 1998
112. Financial Times, January 1997