The following is a list of public companies having the greatest market capitalization, as well as Government-owned corporations by estimated market value. Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of shares issued. Figures are converted into USD millions (using rate from selected day) to allow for comparison.

Contents 1 Public companies 1.1 2010 1.2 2009 1.3 2008 1.3.1 Fourth quarter 1.3.2 Third quarter 1.3.3 Second quarter 1.3.4 First quarter 1.4 2007 1.4.1 Fourth quarter 1.4.2 Third quarter 1.4.3 Second quarter 1.4.4 First quarter 1.5 2006 1.5.1 Fourth quarter 1.5.2 Third quarter 1.5.3 Second quarter 1.5.4 First quarter 1.6 2005 1.7 2004 1.8 2003 1.9 2002 1.10 2001 1.11 2000 1.12 1999 1.13 1998 2 State-owned companies 2.1 See also 2.2 Notes

Public companies

2010

This Financial Times Global 500 based list is up to date as of June 30, 2010. Indicated changes in market value are relative to the previous quarter.

Rank	First quarter [1]		Second quarter [2]
1		PetroChina ▼329,259.7		Exxon Mobil ▼291,789.1
2		Exxon Mobil ▲316,230.8		PetroChina ▼268,504.8
3		Microsoft ▼256,864.7		Apple Inc. ▲228,876.8
4		Industrial and Commercial Bank of China ▼246,419.8		Industrial and Commercial Bank of China ▼211,258.7
5		Apple Inc. ▲213,096.7		Microsoft ▼201,655.8
6		BHP Billiton ▲209,935.1		China Mobile ▲201,471.2
7		Wal-mart ▲209,000.7		Berkshire Hathaway ▼197,356.8
8		Berkshire Hathaway ▲200,620.5		China Construction Bank 189,170.7
9		General Electric ▲194,246.2		Wal-mart ▼178,322.7
10		China Mobile ▲192,998.6		Procter & Gamble 172,736.5

2009

Rank	First quarter [3]		Second quarter [4]		Third quarter [5]		Fourth quarter [6]
1		Exxon Mobil ▼336,525		PetroChina ▲366,662.9		Exxon Mobil ▼329,725		PetroChina ▲353,140.1
2		PetroChina ▲287,185		Exxon Mobil ▲341,140.3		PetroChina ▼325,097.5		Exxon Mobil ▼323,717.1
3		Wal-Mart ▼204,365		Industrial and Commercial Bank of China ▲257,004.4		Industrial and Commercial Bank of China ▼237,951.5		Microsoft ▲270,635.4
4		Industrial and Commercial Bank of China ▲187,885		Microsoft ▲211,546.2		Microsoft ▲229,630.7		Industrial and Commercial Bank of China ▲268,956.2
5		China Mobile ▼174,673		China Mobile ▲200,832.4		HSBC ▲198,561.1		Wal-Mart ▲203,653.6
6		Microsoft ▼163,320		Wal-Mart ▼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		Wal-Mart ▲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 Inc. ▲189,801.7

2008

Fourth quarter

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲406,067
▬2	Petrochina	China	Oil and gas	▼259,836
▲3	Wal-Mart	United States	Retail	▼219,898
▲4	China Mobile	Hong Kong	Telecommunications	▲201,291
▲5	Procter & Gamble	United States	Consumer goods	▼184,576
▲6	Industrial and Commercial Bank of China	China	Banking	▼173,930
▼7	Microsoft	United States	Software	▼172,929
▲8	AT&T	United States	Telecommunications	▲167,950
▲9	Johnson & Johnson	United States	Health care	▼166,002
▼10	General Electric	United States	Conglomerate	▼161,278

Source Financial Times

Third quarter

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲403,366
▬2	Petrochina	China	Oil and gas	▼325,320
▲3	General Electric	United States	Conglomerate	▲253,674
▲4	Microsoft	United States	Software	▲243,687
▲5	Wal-Mart	United States	Retail	▲235,605
▲6	Procter & Gamble	United States	Consumer goods	▲211,460
▲7	Industrial and Commercial Bank of China	China	Banking	▼208,397
▲8	Berkshire Hathaway	United States	Nonlife Insurance	▲202,901
▼9	China Mobile	China	Telecommunications	▼198,558
▲10	Johnson & Johnson	United States	Health care	▲193,602

Source Financial Times

Second quarter

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲465,652
▬2	Petrochina	China	Oil and gas	▼380,263
▲3	Gazprom	Russia	Oil and gas	▲344,923
▲4	Petrobras	Brazil	Oil and gas	▲287,586
▬5	China Mobile	China	Telecommunications	▼269,395
▼6	General Electric	United States	Conglomerate	▼266,030
▲7	Royal Dutch Shell	The Netherlands/United Kingdom	Oil and gas	▲260,979
▼8	Microsoft	United States	Software	▼256,209
▼9	Industrial and Commercial Bank of China	China	Banking	▼238,378
▲10	BHP Billiton	Australia/United Kingdom	Mining	▲225,076

Source Financial Times

First quarter

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▲1	Exxon Mobil	United States	Oil and gas	▼452,505
▼2	Petrochina	China	Oil and gas	▼423,996
▬3	General Electric	United States	Conglomerate	▼369,569
▲4	Gazprom	Russia	Oil and gas	▼299,764
▼5	China Mobile	China	Telecommunications	▼298,093
▼6	Industrial and Commercial Bank of China	China	Banking	▼277,236
▼7	Microsoft	United States	Software industry	▼264,132
▲8	AT&T	United States	Telecommunications	▼231,168
▼9	Royal Dutch Shell	The Netherlands/United Kingdom	Oil and gas	▼220,110
▲10	Procter & Gamble	United States	Consumer goods	▼215,640

Source Financial Times

2007

Fourth quarter

This Financial Times based list is up to date as of December 31, 2007.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▲1	Petrochina	China	Oil and gas	▲723,952
▼2	Exxon Mobil	United States	Oil and gas	▼511,887
▼3	General Electric	United States	Conglomerate	▼374,637
▼4	China Mobile	China	Telecommunications	▲354,120
▼5	Industrial and Commercial Bank of China	China	Banking	▲338,989
▼6	Microsoft	United States	Software industry	▲333,054
▬7	Gazprom	Russia	Oil and gas	▲329,591
▼8	Royal Dutch Shell	The Netherlands/United Kingdom	Oil and gas	▲269,544
▼9	AT&T	United States	Telecommunications	▼252,051
▲10	Sinopec	China	Oil and gas	▲249,645

Source [7]

Third quarter

This Financial Times based list is up to date as of September 28, 2007.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲513,362
▬2	General Electric	United States	Conglomerate	▲424,191
▲3	China Mobile	China	Telecommunications	▲327,937
▲4	Industrial and Commercial Bank of China	China	Banking	▲279,269
▼5	Microsoft	United States	Software industry	▼276,202
▼6	Royal Dutch Shell	The Netherlands/United Kingdom	Oil and gas	▼264,397
▬7	Gazprom	Russia	Oil and gas	▲260,249
▼8	AT&T	United States	Telecommunications	▲258,047
▼9	Citigroup	United States	Banking	▼232,162
▬10	Bank of America	United States	Banking	▲223,066

Source Financial Times

Second quarter

This Financial Times based list is up to date as of June 29, 2007.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲472,519
▬2	General Electric	United States	Conglomerate	▲393,831
▬3	Microsoft	United States	Software industry	▲281,934
▲4	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▲266,141
▬5	AT&T	United States	Telecommunications	▲255,871
▼6	Citigroup	United States	Banking	▲253,703
▼7	Gazprom	Russia	Oil and gas	▼245,757
▲8	BP	United Kingdom	Oil and gas	▲231,495
▼9	Toyota Motor Corporation	Japan	Automotive	▼228,009
▼10	Bank of America	United States	Banking	▼216,963

Source Financial Times

First quarter

This Financial Times based list is up to date as of 30 March 2007.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▼429,567
▬2	General Electric	United States	Conglomerate	▼363,611
▬3	Microsoft	United States	Software industry	▼272,912
▬4	Citigroup	United States	Banking	▼252,857
▲5	AT&T	United States	Telecommunications	▲246,206
▼6	Gazprom	Russia	Oil and gas	▼245,911
▬7	Toyota Motor Corporation	Japan	Automotive	▼230,832
▬8	Bank of America	United States	Banking	▼228,177
▼9	Industrial and Commercial Bank of China	China	Banking	▼224,788
▼10	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▼214,018

Source: Financial Times

2006

Fourth quarter

This Financial Times based list is up to date as of December 2006.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲446,943
▬2	General Electric	United States	Conglomerate	▲383,564
▬3	Microsoft	United States	Software industry	▲293,537
▲4	Citigroup	United States	Banking	▲273,691
▼5	Gazprom	Russia	Oil and gas	▲271,482
▲6	Industrial and Commercial Bank of China	China	Banking	▲254,592
▲7	Toyota Motor Corporation	Japan	Automotive	▲241,161
▼8	Bank of America	United States	Banking	▼239,758
▼9	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▲225,781
▼10	BP	United Kingdom	Oil and gas	▲218,643

Source: Financial Times

Third quarter

This Financial Times based list is up to date as of 30 September 2006.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▲398,906
▬2	General Electric	United States	Conglomerate	▲364,414
▲3	Microsoft	United States	Software industry	▲272,679.0
▼4	Gazprom	Russia	Oil and gas	▼254,634.3
▼5	Citigroup	United States	Banking	▲246,727
▲6	Bank of America	United States	Banking	▲242,451
▬7	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▼216,368
▼8	BP	United Kingdom	Oil and gas	▼215,623
▬9	HSBC	United Kingdom	Banking	▲209,774
▲10	Pfizer	United States	Health care	▲206,785

Source: Financial Times

Second quarter

This Financial Times based list is up to date as of 30 June 2006.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
▬1	Exxon Mobil	United States	Oil and gas	▼371,187
▬2	General Electric	United States	Conglomerate	▼342,731
▲3	Gazprom	Russia	Oil and gas	▲246,341
▬4	Citigroup	United States	Banking	▲239,862
▼5	Microsoft	United States	Software industry	▼237,688
▼6	BP	United Kingdom	Oil and gas	▲233,151
▬7	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▲224,925
▼8	Bank of America	United States	Banking	▲219,504
▲9	HSBC	United Kingdom	Banking	▲201,854
▼10	Wal-Mart	United States	Retail	▲200,762

Source: Financial Times

First quarter

This Financial Times based list is up to date as of March 2006.

Rank	Name	Headquarters	Industry	Market value (USD million)
▲1	Exxon Mobil	United States	Oil and gas	▲371,631
▼2	General Electric	United States	Conglomerate	▼362,527
▬3	Microsoft	United States	Software industry	▲281,171
▬4	Citigroup	United States	Banking	▼238,935
▬5	BP	United Kingdom	Oil and gas	▲233,260
▲6	Bank of America	United States	Banking	▲211,706
▼7	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	▲211,280
▼8	Wal-Mart	United States	Retail	▲196,860
▬9	Toyota Motor Corporation	Japan	Automotive	▲196,731
▲10	Gazprom	Russia	Oil and gas	▲196,339

Source: Financial Times

2005

This Financial Times based list is up to date as of 31 March 2005.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	382,233
2	Exxon Mobil	United States	Oil and gas	380,567
3	Microsoft	United States	Software industry	262,975
4	Citigroup	United States	Banking	234,437
5	BP	United Kingdom	Oil and gas	221,365
6	Wal-Mart	United States	Retail	212,209
7	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	210,630
8	Johnson & Johnson	United States	Health care	199,711
9	Pfizer	United States	Health care	195,945
10	Bank of America	United States	Banking	178,765

Source: Financial Times

2004

This Financial Times based list is up to date as of 31 March 2004.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	299,336
2	Microsoft	United States	Software industry	271,911
3	Exxon Mobil	United States	Oil and gas	263,940
4	Pfizer	United States	Health care	261,616
5	Citigroup	United States	Banking	259,191
6	Wal-Mart	United States	Retail	258,888
7	American International Group	United States	Insurance	183,696
8	Intel Corporation	United States	Computer hardware	179,996
9	BP	United Kingdom	Oil and gas	174,648
10	HSBC	United Kingdom	Banking	163,574

Source: Financial Times

2003

This Financial Times based list is up to date as of 31 March 2003.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	Microsoft	United States	Software industry	264,003
2	General Electric	United States	Conglomerate	259,647
3	Exxon Mobil	United States	Oil and gas	241,037
4	Wal-Mart	United States	Retail	234,399
5	Pfizer	United States	Health care	195,948
6	Citigroup	United States	Banking	183,887
7	Johnson & Johnson	United States	Health care	170,417
8	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	149,034
9	BP	United Kingdom	Oil and gas	144,381
10	IBM	United States	Computer software, Computer hardware	139,272

Source: Financial Times

2002

This Financial Times based list is up to date as of 31 March 2002.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	372,089
2	Microsoft	United States	Software industry	326,639
3	Exxon Mobil	United States	Oil and gas	299,820
4	Wal-Mart	United States	Retail	273,220
5	Citigroup	United States	Banking	255,299
6	Pfizer	United States	Health care	249,021
7	Intel Corporation	United States	Computer hardware	203,838
8	BP	United Kingdom	Oil and gas	200,794
9	Johnson & Johnson	United States	Health care	197,912
10	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	189,913

Source: Financial Times

2001

This Financial Times based list is up to date as of 31 March 2001.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	477,406
2	Cisco Systems	United States	Networking hardware	304,699
3	Exxon Mobil	United States	Oil and gas	286,367
4	Pfizer	United States	Health care	263,996
5	Microsoft	United States	Software industry	258,436
6	Wal-Mart	United States	Retail	250,955
7	Citigroup	United States	Banking	250,143
8	Vodafone	United Kingdom	Telecommunications	227,175
9	Intel Corporation	United States	Computer hardware	227,048
10	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	206,340

Source: Financial Times

2000

This Financial Times based list is up to date as of 31 March 2000.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	Microsoft	United States	Software industry	586,197
2	General Electric	United States	Conglomerate	474,956
3	NTT DoCoMo	Japan	Telecommunications	366,204
4	Cisco Systems	United States	Networking hardware	348,965
5	Wal-Mart	United States	Retail	286,153
6	Intel Corporation	United States	Computer hardware	277,096
7	Nippon Telegraph and Telephone	Japan	Telecommunications	274,905
8	Exxon Mobil	United States	Oil and gas	265,894
9	Lucent Technologies	United States	Telecommunications	237,668
10	Deutsche Telekom	Germany	Telecommunications	209,628

Source: Financial Times

1999

This Financial Times based list is up to date as of January 1999.

Rank	Name	Headquarters	Primary industry	Market value (USD million)
1	Microsoft	United States	Software industry	271,854
2	General Electric	United States	Conglomerate	258,871
3	Exxon Mobil	United States	Oil and gas	172,213
4	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas	164,157
5	Merck	United States	Health care	154,753
6	Pfizer	United States	Health care	148,074
7	Intel Corporation	United States	Computer hardware	144,060
8	The Coca-Cola Company	United States	Beverage	142,164
9	Wal-Mart	United States	Retail	123,062
10	IBM	United States	Software industry, Computer hardware	121,184

Source: Financial Times

1998

This Financial Times based list is up to date as of January 1998.

Rank	Name	Headquarters	Primary industry
1	General Electric	United States	Conglomerate
2	Royal Dutch Shell	Netherlands/United Kingdom	Oil and gas
3	Microsoft	United States	Software industry
4	Exxon Mobil	United States	Oil and gas
5	The Coca-Cola Company	United States	Beverage
6	Intel Corporation	United States	Computer hardware
7	Nippon Telegraph and Telephone	Japan	Telecommunications
8	Merck	United States	Health care
9	Toyota Motor Corporation	Japan	Automotive
10	Novartis	Switzerland	Health care

Source: Financial Times, January 22

State-owned companies

This Financial Times Non-Public 150 based list is up to date as of December, 2006.

Rank	2006 [8]
1		Saudi Aramco 781,000
2		Pemex 415,000
3		Petróleos de Venezuela 388,000
4		Kuwait Petroleum Corporation 378,000
5		Petronas 232,000
6		Sonatrach 224,000
7		National Iranian Oil Company 220,000
8		Japan Post (priv. 2007) 156,000
9		Pertamina 140,000
10		Nigerian National Petroleum Corporation 120,000

See also

• List of companies by revenue

Notes