Top Heavy: Countries by Share of the World Economy – Visual Capitalist

Chat with the performance of the 10 largest companies in the world in 2022

The largest companies in the world in 2022

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This year was marked by uneasy macroeconomic headwinds.

Trillions of dollars were wiped out in market caps of publicly traded companies, investor confidence waned, and cost pressures weighed on consumers’ pockets.

All told, many of the world’s largest companies saw their market share plummet. Nevertheless, some companies in key sectors showed positive growth during the year.

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

The world’s largest publicly traded companies in 2022

Today, as the world’s most valuable company, Apple ranks towering on one $2.3 trillion valuation.

Despite the 2022 technical downturn, driven by rising interest rates and slower sales, Apple maintained its top spot. This was largely due to record sales and healthy consumer demand for iPhones on the road half of its total turnover.

After Apple follows Microsoft. Unlike Apple, Microsoft experienced lower revenues during the year due to lower demand for PCs and the weighting impact of a strong US dollar. In general, about 50% of the company’s turnover takes place abroad.

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

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

*From December 12, 2022.

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

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

In total, 62 companies of the 100 largest are headquartered in the US, 11 in China and five in France.

Top 10 achievements in 2022

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

As the chart above shows, the vast majority of the world’s titans have seen their market value plummet. Half of these companies saw a double-digit decline.

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

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

The company, which derives much of its revenue from employer-backed insurance plans, said recessionary effects had not yet been seen in 2022.

Largest companies in the world, by sector

Even with declining market values โ€‹โ€‹across the industry in 2022, technology will remain dominant.

Of the largest companies in the world, 20 are active in technology, with a combined market value of $9.2 trillion. By comparison, that’s about 31% of the market value of the 100 largest companies.

Rank Sector Combined market value Number of companies Largest company in industry
1 ๐Ÿ‘ฉโ€๐Ÿ’ป Technology $9.2 trillion 20 Apple
2 ๐Ÿš— Consumer Discretionary $4.7 trillion 17 Amazon
3 ๐Ÿฉบ Healthcare $4.3 trillion 17 UnitedHealth group
4 ๐Ÿ›ข๏ธ Energy $3.4 trillion 8 Saudi Aramco
5 ๐Ÿ’ต Financial matters $3.0 trillion 14 Berkshire Hathaway
6 ๐Ÿญ Industrial $1.8 trillion 9 Visa
7 ๐Ÿฅซ Consumer goods $1.8 trillion 7 Proctor & Gamble
8 ๐Ÿ“ž Telecommunications $841 billion 5 Cisco
9 โ›๏ธ Basic materials $326 billion 2 Linde
10 ๐Ÿ”Œ Utilities $127 billion 1 Nextera energy

Companies are classified according to the FTSE Russell Industry Classification Benchmark. *From December 12, 2022.

This is followed by the consumer discretionary and healthcare sectors, with major players such as Amazon and Johnson & Johnson in their ranks.

At the other end of the spectrum are utilities, the smallest sector overall that ranks at least in the largest list of companies. NextEra Energy, the only utility in the ranking, is one of the world’s largest developers of wind and solar energy. It plans to invest up to $95 billion over the next three years greening its electricity activities.

Change of Fortune

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

Yet there are some notable risers within the ranking compared to 2021 are UnitedHealth Group which launched from #19 in 2021 to #8 this year and NVIDIA which has risen to become the 11th largest company in the world, compared to #24 last year.

In contrast, some of the biggest losers are Meta (Facebook’s parent company) and Alibaba. Meta has dropped in the ranking from #6 in 2021 to #26 in 2022. Meanwhile, Alibaba was once the ninth largest in the world but has dropped to #36. Both companies have had significant value wiped from their market caps — about 66% and 28%, respectively — on lagging earnings.

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

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