The World’s Largest Companies in 2022
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This year has been made up of great financial difficulties.
Billions of dollars were wiped from the public sector markets, investor confidence plummeted, and price pressures weighed on consumers’ pockets.
Taken together, many of the world’s largest companies have fallen sharply in the stock market. However, a few companies in the major sectors grew well during the year.
As 2022 draws to a close, the infographic above shows the largest companies in the world, using data from Companiesmarketcap.com.
The World’s Largest Companies in the World in 2022
Today, Apple is the most valuable company in the world, at the top $2.3 trillion to calculate.
Despite the decline in technology in 2022 – driven by rising interest rates and sluggish sales – Apple has retained its top spot. This was mainly due to the revenue generated and the positive demand from consumers for iPhones, which drive almost half of its total revenue.
Following Apple and Microsoft. Unlike Apple, Microsoft has been experiencing a year-over-year decline in personal computer sales and the weight of the strong US dollar. Overall, about 50% of the company’s sales are made abroad.
As we show below, there are now only four companies left in the trillion dollar club.
| 2022 Rank | Company | Market Capitalization | Section | Place |
|---|---|---|---|---|
| 1 | apple | $2.3T | Modern | 🇺🇸 US |
| 2 | Microsoft | $1.9T | Modern | 🇺🇸 US |
| 3 | Saudi Aramco | $1.8T | Power | 🇸🇦 Saudi Arabia |
| 4 | Letters | $1.2T | Modern | 🇺🇸 US |
| 5 | Amazon | $924B | Consumer Discretionary | 🇺🇸 US |
| 6 | Berkshire Hathaway | $686B | Finances | 🇺🇸 US |
| 7 | Tesla | $522B | Consumer Discretionary | 🇺🇸 US |
| 8 | UnitedHealth Group | $510B | Health care | 🇺🇸 US |
| 9 | Johnson & Johnson | $465B | Health care | 🇺🇸 US |
| 10 | Visa | $454B | Industrials | 🇺🇸 US |
| 11 | NVIDIA | $437B | Modern | 🇺🇸 US |
| 12 | Exxon Mobil records | $437B | Power | 🇺🇸 US |
| 13 | TSMC price | $417B | Modern | 🇹🇼 Taiwan |
| 14 | Walmart | $399B | Consumer Discretionary | 🇺🇸 US |
| 15 | Tencent | $397B | Modern | 🇨🇳 China |
| 16 | JPMorgan Chase | $394B | Finances | 🇺🇸 US |
| 17 | Image of LVMH | $377B | Consumer Discretionary | 🇫🇷 France |
| 18 | Procter & Gamble | $361B | Consumer Staples | 🇺🇸 US |
| 19 | Eli Lilly | $349B | Health care | 🇺🇸 US |
| 20 | Mastercard | $344B | Industrials | 🇺🇸 US |
| 21 | Home Depot | $334B | Consumer Discretionary | 🇺🇸 US |
| 22 | Chevron | $328B | Power | 🇺🇸 US |
| 23 | Nestlé | $322B | Consumer Staples | 🇨🇭 Switzerland |
| 24 | Kweichow Moutai | $313B | Consumer Staples | 🇨🇳 China |
| 25 | Samsung | $306B | Modern | 🇰🇷 South Korea |
| 26 | Meta (Facebook) | $304B | Modern | 🇺🇸 US |
| 27 | Pfizer | $293B | Health care | 🇺🇸 US |
| 28 | AbbVie | $292B | Health care | 🇺🇸 US |
| 29 | Novo Nordisk | $292B | Health care | 🇩🇰 Denmark |
| 30 | Coca Cola | $277B | Consumer Staples | 🇺🇸 US |
| 31 | Merck | $276B | Health care | 🇺🇸 US |
| 32 | Roche | $267B | Health care | 🇨🇭 Switzerland |
| 33 | Bank of America | $263B | Finances | 🇺🇸 US |
| 34 | Pepsico | $253B | Consumer Staples | 🇺🇸 US |
| 35 | ASML | $247B | Modern | 🇳🇱 Netherlands |
| 36 | Alibaba | $245B | Consumer Discretionary | 🇨🇳 China |
| 37 | Broadcom | $225B | Modern | 🇺🇸 US |
| 38 | Thermo Fisher Scientific | $223B | Health care | 🇺🇸 US |
| 39 | Oracle | $219B | Modern | 🇺🇸 US |
| 40 | Costco | $216B | Consumer Discretionary | 🇺🇸 US |
| 41 | AstraZeneca | $215B | Health care | 🇬🇧 United Kingdom |
| 42 | Reliance Industries | $214B | Power | 🇮🇳 India |
| 43 | The price of ICBC | $208B | Finances | 🇨🇳 China |
| 44 | McDonald’s | $203B | Consumer Discretionary | 🇺🇸 US |
| 45 | Cisco | $203B | Telephones | 🇺🇸 US |
| 46 | Shell | $201B | Power | 🇳🇱 Netherlands |
| 47 | Danaher | $199B | Health care | 🇺🇸 US |
| 48 | L’Oreal | $197B | Consumer Discretionary | 🇫🇷 France |
| 49 | Toyota | $197B | Consumer Discretionary | 🇯🇵 Japan |
| 50 | Novartis | $196B | Health care | 🇨🇭 Switzerland |
| 51 | Abbott Laboratories | $109B | Health care | 🇺🇸 US |
| 52 | Accenture | $184B | Industrials | 🇮🇪 Ireland |
| 53 | T-Mobile | $177B | Telephones | 🇺🇸 US |
| 54 | Nike | $175B | Consumer Discretionary | 🇺🇸 US |
| 55 | Walt Disney | $173B | Consumer Discretionary | 🇺🇸 US |
| 56 | Results Nextera Energy | $172B | Resources | 🇺🇸 US |
| 57 | Hermès | $169B | Consumer Discretionary | 🇫🇷 France |
| 58 | Bristol-Myers Squibb | $168B | Health care | 🇺🇸 US |
| 59 | Linde | $166B | Basic Materials | 🇬🇧 United Kingdom |
| 60 | Wells Fargo | $163B | Finances | 🇺🇸 US |
| 61 | Texas Instruments | $161B | Modern | 🇺🇸 US |
| 62 | BHP Group | $160B | Basic Materials | 🇦🇺 Australia |
| 63 | Verizon | $159B | Telephones | 🇺🇸 US |
| 64 | Philip Morris | $159B | Consumer Staples | 🇺🇸 US |
| 65 | Comcast | $158B | Telephones | 🇺🇸 US |
| 66 | UPS | $158B | Industrials | 🇺🇸 US |
| 67 | Adobe | $157B | Modern | 🇺🇸 US |
| 68 | Morgan Stanley | $154B | Finances | 🇺🇸 US |
| 69 | China Construction Bank | $152B | Finances | 🇨🇳 China |
| 70 | TotalEnergies | $152B | Power | 🇫🇷 France |
| 71 | Charles Schwab | $150B | Finances | 🇺🇸 US |
| 72 | Amgen | $148B | Health care | 🇺🇸 US |
| 73 | Raytheon Technologies | $146B | Industrials | 🇺🇸 US |
| 74 | Tata Consultancy | $146B | Modern | 🇮🇳 India |
| 75 | CATL share price | $145B | Consumer Discretionary | 🇨🇳 China |
| 76 | China Mobile | $145B | Telephones | 🇨🇳 China |
| 77 | Honeywell well | $144B | Industrials | 🇺🇸 US |
| 78 | Agricultural Bank of China | $141B | Finances | 🇨🇳 China |
| 79 | Netflix | $140B | Consumer Discretionary | 🇺🇸 US |
| 80 | Maituan | $140B | Modern | 🇨🇳 China |
| 81 | ConocoPhillips | $139B | Power | 🇺🇸 US |
| 82 | The cost of AT&T | $138B | Finances | 🇺🇸 US |
| 83 | CVS Health | $136B | Health care | 🇺🇸 US |
| 84 | Dior | $136B | Consumer Discretionary | 🇫🇷 France |
| 85 | Qualcomm | $136B | Modern | 🇺🇸 US |
| 86 | Prosus | $135B | Modern | 🇳🇱 Netherlands |
| 87 | Pictures of RBC | $135B | Finances | 🇨🇦 Canada |
| 88 | IBM | $134B | Modern | 🇺🇸 US |
| 89 | Salesforce | $133B | Modern | 🇺🇸 US |
| 90 | Union Pacific | $133B | Industrials | 🇺🇸 US |
| 91 | Deere & Company | $132B | Industrials | 🇺🇸 US |
| 92 | Unilever | $130B | Consumer Staples | 🇬🇧 United Kingdom |
| 93 | CM Bank | $130B | Finances | 🇨🇳 China |
| 94 | HDFC Bank | $129B | Finances | 🇮🇳 India |
| 95 | Elevance Health | $128B | Health care | 🇺🇸 US |
| 96 | AIA | $128B | Finances | 🇭🇰 Hong Kong |
| 97 | Lockheed Martin | $127B | Industrials | 🇺🇸 US |
| 98 | PetroChina | $127B | Power | 🇨🇳 China |
| 99 | SAP | $127B | Modern | 🇩🇪 Germany |
| 100 | Lowe is | $124B | Consumer Discretionary | 🇺🇸 US |
*By Dec 12, 2022.
The major oil company Saudi Aramco is the third largest oil company in the world, to $1.8 trillion. It is the only non-US company in the top 10.
In May, the state-run company briefly became the world’s most valuable company as rising energy prices boosted profits. Saudia Arabia is the world’s largest oil exporter, and the country’s economy is expected to grow by 7.6% in 2022—one of the fastest growing economies in the world.
Overall, 62 of the 100 largest companies are in the US, 11 are in China, and five are in France.
Top 10 Winners in 2022
For many of the world’s largest companies, 2022 was a brutal year for success.
As the chart above shows, many of the world’s top performers have seen their market share decline. Half of these companies saw double-digit drops.
Tesla has witnessed almost 70% about its market value being erased this year. Two main factors have caused this fall: weak demand, especially in China, and CEO Elon Musk’s controversial and risky acquisition of Twitter.
On the other hand, UnitedHealth Group saw the strongest performance among the top 10.
The company, which gets most of its revenue from employer-sponsored insurance, said the financial crisis did not start in 2022.
The World’s Largest Companies, by Sector
Despite the price drop in the market in 2022, the technology is still great.
Among the largest companies in the world, 20 are in technology, based on the combined market value $9.2 trillion. Apparently, this is about 31% of the market value of the top 100 companies.
| Responsibility | Section | Total Market Value | Number of Companies | The Largest Company in the Sector |
|---|---|---|---|---|
| 1 | 👩💻 Technology | $9.2T | 20 | apple |
| 2 | 🚗 Consumer Discretionary | $4.7T | 17 | Amazon |
| 3 | 🩺 Health Care | $4.3T | 17 | UnitedHealth Group |
| 4 | 🛢️ Power | $3.4T | 8 | Saudi Aramco |
| 5 | 💵 Finance | $3.0T | 14 | Berkshire Hathaway |
| 6 | 🏭 Factories | $1.8T | 9 | Visa |
| 7 | 🥫 Consumer needs | $1.8T | 7 | Procter & Gamble |
| 8 | 📞 Telephones | $841B | 5 | Cisco |
| 9 | ⛏️ Basic Equipment | $326B | 2 | Linde |
| 10 | 🔌 Resources | $127B | 1 | Results Nextera Energy |
Companies are classified according to the FTSE Russell Industry Classification Benchmark. *By Dec 12, 2022.
The consumer watch and healthcare sectors fall in line, with major players such as Amazon and Johnson & Johnson among them.
At the other end of the spectrum are utilities, a very small segment related to the list of large companies. NextEra Energy, the only company that operates among the rankings is one of the world’s largest producers of electric and solar energy. Over the next three years, it plans to invest $95 billion in energy efficiency.
A Change in Opportunity
It is not surprising that many of the world’s largest companies are already established players in international markets.
However, in the ranking, some of those who have increased significantly compared to 2021 are UnitedHealth Group, which was established at # 19 in 2021 to # 8 this year and NVIDIA which has risen to become the 11th largest company in the world, from # 24 last year.
In contrast, some of the biggest losers are Meta (Facebook’s parent company) and Alibaba. Meta has dropped in the rankings to #26 in 2022 from #6 in 2021. Meanwhile, Alibaba was once ninth in the world but has dropped to #36. Both companies have seen significant profits being squeezed out of their market share – about 66% and 28%, respectively – amid lower earnings.
By the end of the year, it remains to be seen whether the world’s largest companies will bounce back in 2023, or face further challenges in the future.
