The Biggest Companies in the World in 2022

View the high-resolution of the infographic by clicking here.

This year has been shaped by uncomfortable macroeconomic headwinds.

Trillions of dollars were erased in public company market capitalizations, investor confidence waned, and cost pressures squeezed consumer pocketbooks.

Taken together, many of the world’s largest companies experienced sharp declines in market share. Still, a few companies in key sectors had positive growth over the year.

As 2022 comes to a close, the above infographic shows the biggest companies in the world, using data from companiesmarketcap.com.

The World’s Largest Public Companies in 2022

Today, Apple stands as the world’s most valuable company, towering at a $2.3 trillion assessment.

Despite the tech downturn of 2022โ€”driven by rising interest rates and slower salesโ€”Apple maintained its top spot. This was largely thanks to record revenues and healthy consumer demand for iPhones, which drives about half of its total revenue.

Following Apple is Microsoft. Unlike Apple, Microsoft has faced slower earnings over the year due to lower demand for personal computers and the weighing impact of a strong US dollar. Overall, about 50% of the company’s sales take place overseas.

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

2022 Rank Company Market Capitalization Sector Location
1 Apple $2.3T Technology ๐Ÿ‡บ๐Ÿ‡ธUS
2 Microsoft $1.9T Technology ๐Ÿ‡บ๐Ÿ‡ธUS
3 Saudi Aramco $1.8T Energy ๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia
4 Alphabet $1.2T Technology ๐Ÿ‡บ๐Ÿ‡ธUS
5 Amazon $924B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
6 Berkshire Hathaway $686B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
7 Tesla $522B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
8 UnitedHealth Group $510B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
9 Johnson & Johnson $465B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
10 Visa $454B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
11 NVIDIA $437B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
12 Exxon Mobil $437B Energy ๐Ÿ‡บ๐Ÿ‡ธUS
13 TSMC $417B Technology ๐Ÿ‡น๐Ÿ‡ผ Taiwan
14 Walmart $399B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
15 Tencent $397B Technology ๐Ÿ‡จ๐Ÿ‡ณ China
16 JPMorgan Chase $394B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
17 LVMH $377B Consumer Discretionary ๐Ÿ‡ซ๐Ÿ‡ท France
18 Procter & Gamble $361B Consumer Staples ๐Ÿ‡บ๐Ÿ‡ธUS
19 Eli Lilly $349B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
20 MasterCard $344B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
21 Home Depot $334B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
22 Chevron $328B Energy ๐Ÿ‡บ๐Ÿ‡ธUS
23 Nestle $322B Consumer Staples ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
24 Kweichow Moutai $313B Consumer Staples ๐Ÿ‡จ๐Ÿ‡ณ China
25 Samsung $306B Technology ๐Ÿ‡ฐ๐Ÿ‡ท South Korea
26 Target (Facebook) $304B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
27 Pfizer $293B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
28 AbbVie $292B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
29 Novo Nordisk $292B Health Care ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark
30 Coca-Cola $277B Consumer Staples ๐Ÿ‡บ๐Ÿ‡ธUS
31 Merck $276B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
32 Roche $267B Health Care ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
33 Bank of America $263B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
34 Pepsi $253B Consumer Staples ๐Ÿ‡บ๐Ÿ‡ธUS
35 ASML $247B Technology ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
36 Alibaba $245B Consumer Discretionary ๐Ÿ‡จ๐Ÿ‡ณ China
37 Broadcom $225B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
38 Thermo Fisher Scientific $223B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
39 Oracle $219B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
40 Costco $216B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
41 AstraZeneca $215B Health Care ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
42 Reliance Industries $214B Energy ๐Ÿ‡ฎ๐Ÿ‡ณ India
43 ICBC $208B Financials ๐Ÿ‡จ๐Ÿ‡ณ China
44 McDonald’s $203B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
45 Cisco $203B Telecommunications ๐Ÿ‡บ๐Ÿ‡ธUS
46 shell $201B Energy ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
47 Danaher $199B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
48 L’Orรฉal $197B Consumer Discretionary ๐Ÿ‡ซ๐Ÿ‡ท France
49 Toyota $197B Consumer Discretionary ๐Ÿ‡ฏ๐Ÿ‡ต Japan
50 Novartis $196B Health Care ๐Ÿ‡จ๐Ÿ‡ญ Switzerland
51 Abbott Laboratories $109B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
52 Accenture $184B Industrials ๐Ÿ‡ฎ๐Ÿ‡ช Ireland
53 T-Mobile $177B Telecommunications ๐Ÿ‡บ๐Ÿ‡ธUS
54 Nike $175B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
55 Walt Disney $173B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
56 Nextera Energy $172B Utilities ๐Ÿ‡บ๐Ÿ‡ธUS
57 Hermes $169B Consumer Discretionary ๐Ÿ‡ซ๐Ÿ‡ท France
58 Bristol-Myers Squibb $168B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
59 Linde $166B Basic Materials ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
60 Wells Fargo $163B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
61 Texas Instruments $161B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
62 BHP Group $160B Basic Materials ๐Ÿ‡ฆ๐Ÿ‡บ Australia
63 Verizon $159B Telecommunications ๐Ÿ‡บ๐Ÿ‡ธUS
64 Philip Morris $159B Consumer Staples ๐Ÿ‡บ๐Ÿ‡ธUS
65 Comcast $158B Telecommunications ๐Ÿ‡บ๐Ÿ‡ธUS
66 UPS $158B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
67 Adobe $157B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
68 Morgan Stanley $154B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
69 China Construction Bank $152B Financials ๐Ÿ‡จ๐Ÿ‡ณ China
70 TotalEnergies $152B Energy ๐Ÿ‡ซ๐Ÿ‡ท France
71 Charles Schwab $150B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
72 Amgen $148B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
73 Raytheon Technologies $146B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
74 Tata Consultancy $146B Technology ๐Ÿ‡ฎ๐Ÿ‡ณ India
75 CATL $145B Consumer Discretionary ๐Ÿ‡จ๐Ÿ‡ณ China
76 China Mobile $145B Telecommunications ๐Ÿ‡จ๐Ÿ‡ณ China
77 Honeywell $144B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
78 Agricultural Bank of China $141B Financials ๐Ÿ‡จ๐Ÿ‡ณ China
79 Netflix $140B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS
80 Meituan $140B Technology ๐Ÿ‡จ๐Ÿ‡ณ China
81 ConocoPhillips $139B Energy ๐Ÿ‡บ๐Ÿ‡ธUS
82 AT&T $138B Financials ๐Ÿ‡บ๐Ÿ‡ธUS
83 CVS Health $136B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
84 Dior $136B Consumer Discretionary ๐Ÿ‡ซ๐Ÿ‡ท France
85 Qualcomm $136B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
86 prose $135B Technology ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands
87 RBC $135B Financials ๐Ÿ‡จ๐Ÿ‡ฆ Canada
88 IBM $134B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
89 Salesforce $133B Technology ๐Ÿ‡บ๐Ÿ‡ธUS
90 Union Pacific $133B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
91 Deere & Company $132B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
92 Unilever $130B Consumer Staples ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
93 CM Bank $130B Financials ๐Ÿ‡จ๐Ÿ‡ณ China
94 HDFC Bank $129B Financials ๐Ÿ‡ฎ๐Ÿ‡ณ India
95 Elevance Health $128B Health Care ๐Ÿ‡บ๐Ÿ‡ธUS
96 AIA $128B Financials ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong
97 Lockheed Martin $127B Industrials ๐Ÿ‡บ๐Ÿ‡ธUS
98 PetroChina $127B Energy ๐Ÿ‡จ๐Ÿ‡ณ China
99 SAP $127B Technology ๐Ÿ‡ฉ๐Ÿ‡ช Germany
100 Lowe’s $124B Consumer Discretionary ๐Ÿ‡บ๐Ÿ‡ธUS

*As of Dec 12, 2022.

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

In May, the state-run company briefly became the most valuable company on the planet as soaring energy prices boosted earnings. Saudia Arabia is the largest exporter of oil in the world, and the country’s economy is forecast to grow 7.6% in 2022โ€”one of the fastest globally.

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

Top 10 Performance in 2022

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

Chat showing 10 Biggest Companies in the World 2022 Performance

As the above graphic shows, the vast majority of the world’s titans saw their market values โ€‹โ€‹decline. Half of these companies saw double-digit drops.

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

On the other hand, UnitedHealth Group has seen the strongest performance among the top 10.

The company, which rakes in a large share of its earnings from employer-backed insurance plans, said that recessionary impacts had not yet begun materializing in 2022.

Biggest Companies in the World, by Sector

Even with sinking market values โ€‹โ€‹across the sector in 2022, tech remains dominant.

Among the world’s biggest companies, 20 are in tech, spanning a combined market value of $9.2 trillion. For perspective, that’s about 31% of the market value of the 100 largest companies.

Rank Sector Combined Market Value Number of Companies Biggest Company in Sector
1 ๐Ÿ‘ฉโ€๐Ÿ’ป Technology $9.2T 20 Apple
2 ๐Ÿš— Consumer Discretionary $4.7T 17 Amazon
3 ๐Ÿฉบ Health Care $4.3T 17 UnitedHealth Group
4 ๐Ÿ›ข๏ธ Energy $3.4T 8 Saudi Aramco
5 ๐Ÿ’ต Financials $3.0T 14 Berkshire Hathaway
6 ๐Ÿญ Industrials $1.8T 9 Visa
7 ๐Ÿฅซ Consumer Staples $1.8T 7 Procter & Gamble
8 ๐Ÿ“ž Telecommunications $841B 5 Cisco
9 โ›๏ธ Basic Materials $326B 2 Linde
10 ๐Ÿ”Œ Utilities $127B 1 Nextera Energy

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

Consumer discretionary and health care sectors fall next in line, with big players such as 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 largest companies list. NextEra Energy, the solar utilities company among the rankings is one of the world’s largest developers of wind and solar energy. Over the next three years, it plans to invest up to $95 billion in greening its power operations.

Change of Fortune

It comes as no surprise that many of the biggest companies in the world are long-established players in global markets.

Yet within the rankings, some of the notable risers compared to 2021 are UnitedHealth Group, which launched from #19 in 2021 to #8 this year and NVIDIA which has climbed to become the 11th largest company globally, up from #24 last year.

By contrast, some of the biggest losers are Meta (Facebook’s parent company) and Alibaba. Meta has fallen across the rankings to #26 in 2022 from #6 in 2021. Meanwhile, Alibaba was once the ninth largest globally but has tumbled to #36. Both companies have seen considerable value wiped from their market capsโ€”roughly 66% and 28%, respectivelyโ€‹โ€”amid lagging earnings.

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

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