Largest Companies in the World

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August 27th, 2008 by AdvisorAnalyst

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Once again, we con­tinue to be impressed by the chart­ing and tabling work that Bespoke Invest­ment Group com­piles on a daily basis. Here below is the lat­est sur­vey which com­piles the largest mar­ket cap­i­tal­iza­tions of com­pa­nies from around the world.

One notable stand­out is the size dif­fer­ence between Exxon Mobil ($438-billion) and Gazprom ($237-billion). We point this out sim­ply because while Exxon is worth close to twice as much in mar­ket cap, Gazprom hap­pens to be 6 times larger accord­ing to their total hydro­car­bon reserves, and a reserve life index of roughly 28 years or so, vs. Exxon's 17–18 years. This is the post Geor­gia débâ­cle, post-oil-price-downturn price. Russ­ian energy com­pa­nies are cheap, cheap, cheap.

And, even after the huge hair­cut that PetroChina and China's largest banks and com­pa­nies have got­ten the last year, PetroChina still com­mands 2nd place at $341-billion, China Mobile at 5th place, ICBC at 7th place, and CCB in the 15th spot.

Finally, where is India? We give 3–5 years before sev­eral Indian out­fits make it to the mar­ket cap pan­theon. That spells opportunity.

Below we high­light the 30 largest com­pa­nies in the World by mar­ket cap ($). As shown, Exxon Mobil is the top dog by about $70 bil­lion. Exxon is trailed by another energy com­pany, Petrochina, then Gen­eral Elec­tric and Microsoft. Eleven of the top 30 are based in the United States. The Energy sec­tor has the largest rep­re­sen­ta­tion at 8, fol­lowed by Tech­nol­ogy at 5. Only 3 com­pa­nies in the top 30 are up in 2008 — Wal-Mart, IBM and Johnson&Johnson. And Apple and Google fol­low­ers will be happy to see them ranked 25th and 26th in the World.

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