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The biggest companies in the world in 2022

See the infographic in high resolution by clicking here.

This year has been shaped by uncomfortable macroeconomic headwinds.

Trillions of dollars have been wiped out in market capitalizations of publicly traded companies, investor confidence has waned, and cost pressures have squeezed consumers’ pockets.

Together, many of the world’s largest companies have experienced steep declines in market share. Still, some companies in key sectors saw positive growth over the year.

As 2022 draws to a close, the infographic above shows the world’s biggest companies, using data from Companiesmarketcap.com.

The world’s largest public companies in 2022

Today, Apple is the most valuable company in the world, rising to a $2.3 trillion evaluation.

Despite the tech slump of 2022 — driven by rising interest rates and slower sales — Apple retained its top spot. This is largely due to record revenues and healthy consumer demand for iPhones, which make up about half of its total revenue.

After Apple is Microsoft. Unlike Apple, Microsoft faced slower gains over the year due to lower demand for personal computers and the strong impact of the US dollar. In all, around 50% of the company’s sales are abroad.

As we show below, there are now just four companies left in the trillion dollar market capitalization club.

Classification 2022 Company market capitalization Sector Localization
1 Litter $2.3T Technology 🇺🇸 USA
two Microsoft $1.9T Technology 🇺🇸 USA
3 Saudi Aramco US$ 1.8T Energy 🇸🇦 Saudi Arabia
4 Alphabet $1.2T Technology 🇺🇸 USA
5 amazon $924 billion discretionary consumer 🇺🇸 USA
6 Berkshire Hathaway $686 billion finance 🇺🇸 USA
7 tesla $522 billion discretionary consumer 🇺🇸 USA
8 UnitedHealth Group $510 billion Health care 🇺🇸 USA
9 Johnson & Johnson $465 billion Health care 🇺🇸 USA
10 Visa $454 billion industrial 🇺🇸 USA
11 nvidia $437 billion Technology 🇺🇸 USA
12 Exxon Mobil $437 billion Energy 🇺🇸 USA
13 TSMC $417 billion Technology 🇹🇼 Taiwan
14 walmart $399 billion discretionary consumer 🇺🇸 USA
15 tencent $397 billion Technology 🇨🇳 China
16 JPMorgan Chase $394 billion finance 🇺🇸 USA
17 LVMH $377 billion discretionary consumer 🇫🇷 France
18 Procter & Gamble $361 billion Consumer goods 🇺🇸 USA
19 Eli Lilly $349 billion Health care 🇺🇸 USA
20 MasterCard $344 billion industrial 🇺🇸 USA
21 Home Depot $334 billion discretionary consumer 🇺🇸 USA
22 chevron $328 billion Energy 🇺🇸 USA
23 Nestlé $322 billion Consumer goods 🇨🇭 Switzerland
24 Kweichow Moutai $313 billion Consumer goods 🇨🇳 China
25 samsung $306 billion Technology 🇰🇷 South Korea
26 Goal (Facebook) $304 billion Technology 🇺🇸 USA
27 pfizer $293 billion Health care 🇺🇸 USA
28 AbVie $292 billion Health care 🇺🇸 USA
29 Novo Nordisk $292 billion Health care 🇩🇰 Denmark
30 Coke $277 billion Consumer goods 🇺🇸 USA
31 Merck $276 billion Health care 🇺🇸 USA
32 rock $267 billion Health care 🇨🇭 Switzerland
33 Bank of America $263 billion finance 🇺🇸 USA
34 pepsico $253 billion Consumer goods 🇺🇸 USA
35 ASML $247 billion Technology 🇳🇱 Netherlands
36 alibaba $245 billion discretionary consumer 🇨🇳 China
37 Broadcom $225 billion Technology 🇺🇸 USA
38 Thermo Fisher Scientific $223 billion Health care 🇺🇸 USA
39 Oracle $219 billion Technology 🇺🇸 USA
40 costco $216 billion discretionary consumer 🇺🇸 USA
41 astrazeneca $215 billion Health care 🇵🇹 United Kingdom
42 trust industries $214 billion Energy 🇮🇳 India
43 ICBC $208 billion finance 🇨🇳 China
44 McDonalds $203 billion discretionary consumer 🇺🇸 USA
45 cisco $203 billion telecommunications 🇺🇸 USA
46 Shell $201 billion Energy 🇳🇱 Netherlands
47 Danaher $199 billion Health care 🇺🇸 USA
48 L’Oréal $197 billion discretionary consumer 🇫🇷 France
49 toyota $197 billion discretionary consumer 🇯🇵 Japan
50 novartis $196 billion Health care 🇨🇭 Switzerland
51 Abbott Laboratories $109 billion Health care 🇺🇸 USA
52 Accenture $184 billion industrial 🇮🇪 Ireland
53 mobile tee $177 billion telecommunications 🇺🇸 USA
54 Nike $175 billion discretionary consumer 🇺🇸 USA
55 walt disney $173 billion discretionary consumer 🇺🇸 USA
56 Nextera Energy $172 billion public utility services 🇺🇸 USA
57 Hermes $169 billion discretionary consumer 🇫🇷 France
58 Bristol-Myers Squibb $168 billion Health care 🇺🇸 USA
59 Linde $166 billion Basic materials 🇵🇹 United Kingdom
60 Wells Fargo $163 billion finance 🇺🇸 USA
61 Texas Instruments $161 billion Technology 🇺🇸 USA
62 BHP Group $160 billion Basic materials 🇦🇺 Australia
63 verizon $159 billion telecommunications 🇺🇸 USA
64 Philip Morris $159 billion Consumer goods 🇺🇸 USA
65 comcast $158 billion telecommunications 🇺🇸 USA
66 UPS $158 billion industrial 🇺🇸 USA
67 Adobe $157 billion Technology 🇺🇸 USA
68 morgan stanley $154 billion finance 🇺🇸 USA
69 China Building Bank $152 billion finance 🇨🇳 China
70 TotalEnergies $152 billion Energy 🇫🇷 France
71 Charles Schwab $150 billion finance 🇺🇸 USA
72 amgen $148 billion Health care 🇺🇸 USA
73 Raytheon Technologies $146 billion industrial 🇺🇸 USA
74 Tata Consultoria $146 billion Technology 🇮🇳 India
75 CATL $145 billion discretionary consumer 🇨🇳 China
76 chinese cell phone $145 billion telecommunications 🇨🇳 China
77 honeywell $144 billion industrial 🇺🇸 USA
78 Agricultural Bank of China $141 billion finance 🇨🇳 China
79 Netflix $140 billion discretionary consumer 🇺🇸 USA
80 Meituan $140 billion Technology 🇨🇳 China
81 ConocoPhillips $139 billion Energy 🇺🇸 USA
82 ATT $138 billion finance 🇺🇸 USA
83 Health CVS $136 billion Health care 🇺🇸 USA
84 dior $136 billion discretionary consumer 🇫🇷 France
85 qualcomm $136 billion Technology 🇺🇸 USA
86 Prosus $135 billion Technology 🇳🇱 Netherlands
87 red blood cells $135 billion finance 🇨🇦 Canada
88 IBM $134 billion Technology 🇺🇸 USA
89 Sales force $133 billion Technology 🇺🇸 USA
90 union pacific $133 billion industrial 🇺🇸 USA
91 deere & company $132 billion industrial 🇺🇸 USA
92 Unilever $130 billion Consumer goods 🇵🇹 United Kingdom
93 Bank CM $130 billion finance 🇨🇳 China
94 HDFC bank $129 billion finance 🇮🇳 India
95 Elevation Health $128 billion Health care 🇺🇸 USA
96 EIA $128 billion finance 🇭🇰 Hong Kong
97 Lockheed Martin $127 billion industrial 🇺🇸 USA
98 PetroChina $127 billion Energy 🇨🇳 China
99 SAP $127 billion Technology 🇩🇪 Germany
100 lowe’s $124 billion discretionary consumer 🇺🇸 USA

*As of December 12, 2022.

Oil giant Saudi Aramco is the world’s third-largest publicly traded company by $1.8 trillion. It is also the only non-US company in the top 10.

In May, the state-owned company briefly became the most valuable company on the planet as rising energy prices boosted gains. Saudi Arabia is the world’s biggest oil exporter, and the country’s economy is expected to grow by 7.6% in 2022 – one of the fastest in the world.

Overall, 62 of the top 100 companies are headquartered in the US, 11 in China and five in France.

Top 10 performers in 2022

For many of the world’s biggest companies, 2022 was a brutal year for performance.

Chat showing the performance of the 10 Largest Companies in the World in 2022

As the chart above shows, the vast majority of the world’s titans have seen their market values ​​drop. Half of those companies saw double-digit declines.

Tesla witnessed almost 70% of its market value being erased this year. Two main factors are behind this drop: the drop in demand, especially in China, and the volatile and risky acquisition of Twitter by CEO Elon Musk.

By contrast, UnitedHealth Group was the strongest performer in the top 10.

The company, which derives much of its earnings from employer-backed insurance plans, said the impacts of the recession have not yet begun to materialize in 2022.

Largest companies in the world, by sector

Even as industry-wide market values ​​plummet in 2022, technology remains dominant.

Among the world’s largest companies, 20 are in technology, encompassing a combined market cap of $9.2 trillion. To give you an idea, this represents about 31% of the market value of the top 100 companies.

Classification Sector Combined market value Number of companies Largest Company in the Sector
1 👩‍💻 Technology US$ 9.2T 20 Litter
two 🚗 Discretionary Consumer $4.7T 17 amazon
3 🩺 Cheers $4.3T 17 UnitedHealth Group
4 🛢️Energy $3.4 trillion 8 Saudi Aramco
5 💵 Financial US$ 3.0T 14 Berkshire Hathaway
6 🏭 Industrial US$ 1.8T 9 Visa
7 🥫 Consumer Goods US$ 1.8T 7 Procter & Gamble
8 📞 Telecommunications $841 billion 5 cisco
9 ⛏️ Basic Materials $326 billion two Linde
10 🔌 Utilities $127 billion 1 Nextera Energy

Companies are ranked according to the FTSE Russell Industry Classification Benchmark. *As of December 12, 2022.

The consumer discretionary and healthcare sectors are next, with big players like Amazon and Johnson & Johnson among their ranks.

At the other end of the spectrum are utilities, the smallest sector overall, at least belonging to the list of largest companies. NextEra Energy, the only utility among the rankings, is one of the world’s largest wind and solar power developers. Over the next three years, it plans to invest up to $95 billion to green its energy operations.

change of fortune

It’s no surprise that many of the world’s largest companies are long-established players in global markets.

However, within the ranking, some of the notable increases compared to 2021 are UnitedHealth Group, which launched from 19th in 2021 to 8th this year, and NVIDIA, which rose to become the 11th largest company globally, above the 24th place last year.

On the other hand, some of the biggest losers are Meta (parent company of Facebook) and Alibaba. Meta has dropped in the rankings to 26th place in 2022 from 6th in 2021. Meanwhile, Alibaba was once the ninth largest globally, but has fallen to 36th place. Both companies have seen considerable value wiped out of their market values ​​– around 66% and 28% respectively – amid lagging earnings.

With the year drawing to a close, it remains to be seen whether the world’s biggest companies will make a comeback in 2023 or face more challenging conditions ahead.

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