The Top 10 Companies in the World; Emerging Nations Advance
Courtesy of The Shocked Investor
Ernsty & Young has just reported that the top 10 companies in the World by market cap.
On top of the latest list appears Petrochina, with a market value of U.S. $353.1B.
"Investors clearly agree that the next decade will belong to emerging economies. While the industrialized nations will continue to suffer the consequences of financial crisis for a long period ahead, the importance of emerging markets is growing rapidly."
The top include 4 from the U.S, 3 from China, one from Australia, one from Hong Kong, and one from Brazil.
1. PetroChina, $353.1B
2. Exxon, $323.7B
3. Microsoft, $270.6B
4. Industrial and Commerce Bank of China, $268.9B
5. Walmart, $203.6B
6. China Construction Bank
7. BHP Billiton, $201.1B
8. HSBC, $199.245B
9. Petrobras, $199.24B
10. Google, $196.7B
Together, the ten most valuable companies in the world amount to $2.4T, according to Ernst & Young. In 2008, the combined value was $1.8T.
Out of the top 100, 18 now are from emerging nations, compared with 11 in 2008.
For the same period the market value of the 100 most valuable companies rose from $9.3T to $11.9T.
