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Sunday, December 17, 2017

Financial Times' listing reflects importance of the oil and gas sector

The Financial Times' listing of the world's largest companies throws an interesting light on many different aspects of the current world economic situation.

 

Global rank 2010

Company

Country

Market value
$m

Net income
$m

Sector

Employees

1 (2)

PetroChina

China

329,260

15,144

Oil & gas

539,168

2 (1)

Exxon Mobil

US

316,231

19,280

Oil & gas

80,700

3 (6)

Microsoft

US

256,865

14,569

Software & computer

93,000

4 (4)

Industrial & Commercial Bank of China

China

246,420

16,269

Bank

385,609

5 (33)

Apple

US

213,097

5,704

Technology hardware

36,800

6 (19)

BHP Billiton

Australia/UK

209,935

6,398

Mining

40,990

7 (3)

Wal-Mart Stores

US

209,001

14,335

General retailers

2,100,000

8 (12)

Berkshire Hathaway

US

200,621

8,055

Nonlife insurance

222,000

9 (23)

General Electric

US

194,246

11,025

General industrials

304,000

10 (5)

China Mobile

Hong Kong, China

192,999

16,855

Mobile telecom.

145,954

(rank 2009)

 

The two biggest companies are in the oil and gas sector, with as many as 18 companies in the oil and gas sector featuring among the 125 biggest companies in the world. The oil and gas sector has the biggest net income among the 125 largest companies (22% of the net income of this group). With PetroChina and ExxonMobil occupying the top two slots, Petrobras is the third largest oil and gas company, BP is number 18, Shell 19 and Chevron 25.

 

Microsoft is the third biggest company overall (by market value) with Apple coming in fifth place. Software and computer companies account for 5% of the net income among the 25 largest companies.

 

Among the five biggest companies there are 3 U.S. and 2 Chinese companies. There are 42 U.S. and 10 Chinese companies among the 125 largest, as well as 49 European companies, 6 Japanese and 4 in both Australia and Brazil.

 

The second biggest sector among the 125 largest is made up of banks, which run close behind oil and gas representing 21% of the net income of the group.

 

The third biggest sector in this top 125 group is pharmaceuticals and biotechnology, with 11 companies representing 11% of the net income of the group - Johnson & Johnson ranks highest at 15th place.

 

  • The largest companies are still dominated by Western, U.S. and European companies, but Chinese companies are growing fast.
  • The world is mainly fuelled by fossil fuels supplied by some of the very largest companies in the world.
  • Microsoft, Apple and China Mobile, as the 3rd, 5th, and 10th largest companies, demonstrate the importance of modern technology in today's world. General Electric, which has previously been ranked as the biggest company in the world (now number 9), may also be included in the high technology group.
  • The rapid growth in China and its need for raw materials has caused BHP Billiton to move from 19th to 6th place and has also moved up other mining companies such as Rio Tinto.
  • Among the 125 largest there are 29 banks, whose importance was keenly felt at the onset of the recession.

 

Contact: Erik Ranheim