The Financial Times of the UK released yesterday morning the ranking of the world's top 500 companies, and China National Petroleum Corporation (PetroChina) has surpassed ExxonMobil of the US for the first time to become the enterprise with the largest market capitalization in the world. Three Chinese enterprises are among the top 10. This is the fourteenth annual ranking of the Financial Times Global 500, and also the first time a Chinese company stands at the top of the rankings.
Global Top 10 Enterprises by Market Value
Rank Company Country Industry Market Value (in billion USD) Last Year’s Rank
1. PetroChina China Oil & Gas Extraction 329.3 2
2. ExxonMobil USA Oil & Gas Extraction 316.2 1
3. Microsoft USA IT 256.9 6
4. Industrial and Commercial Bank of China (ICBC) China Banking 246.4 4
5. Apple USA IT 213.1 33
6. BHP Billiton Australia Mining 209.9 19
7. Walmart USA Retail 209.0 3
8. Berkshire Hathaway USA Insurance 200.6 12
9. General Electric (GE) USA Manufacturing 194.2 23
10. China Mobile China Telecommunications 193.0 5
Source: http://www.jnlagua.com/thread-393-1-1.html