The year 2022 has been shaped by rough macroeconomic
headwinds. Millions and millions of dollars were wiped away in public company
market capitalizations, investor confidence decreased, and cost burdens
squeezed consumer pocketbooks.
Considering all factors, many of the world’s leading
businesses experienced harsh declines in market share. Still, a few companies
in key sectors managed to have positive growth over the year.
As 2022 has ended, the infographic shows the leading businesses in the world, using data from Companiesmarketcap.com.
The World’s Biggest Public Companies in 2022
Today, Apple positions as the world’s most valuable company,
towering at a $2.3 trillion valuation.
Regardless of the dip in technology sector in 2022 due to
the rising interest rates and slower sales, Apple maintained its top spot. The success
was all because of healthy consumer demand for iPhones, which drive about half
of its total revenue.
Apple is followed by Microsoft on the list. Microsoft has
faced slower earnings over the year, unlike Apple. The reason behind this is
low demand for personal computers and the weighing impact of a strong U.S.
dollar. Overall, about 50% of the company’s sales take place overseas.
As the infographic shows, there are now only four companies left in the trillion dollar market cap club.
2022 Rank |
Company |
Market Capitalization |
Sector |
Location |
1 |
Apple |
$2.3T |
Technology |
U.S. |
2 |
Microsoft |
$1.9T |
Technology |
U.S. |
3 |
Saudi Aramco |
$1.8T |
Energy |
Saudi Arabia |
4 |
Alphabet |
$1.2T |
Technology |
U.S. |
5 |
Amazon |
$924B |
Consumer Discretionary |
U.S. |
6 |
Berkshire Hathaway |
$686B |
Financials |
U.S. |
7 |
Tesla |
$522B |
Consumer Discretionary |
U.S. |
8 |
UnitedHealth Group |
$510B |
Health Care |
U.S. |
9 |
Johnson & Johnson |
$465B |
Health Care |
U.S. |
10 |
Visa |
$454B |
Industrials |
U.S. |
The only non-U.S. company
able to rank in the top 10 list is the Oil giant Saudi Aramco. It is the third
largest publicly-traded company globally, at $1.8 trillion.
In May, the state-run company for a short time became the
most valuable company on the planet as soaring energy prices boosted earnings.
Saudi Arabia is the largest exporter of oil in the world, and the country’s
economy is estimated to have grown 7.6% in 2022, which is one of the fastest grown
company globally.
Overall, 62 companies of the 100 largest are headquartered
in the United States, 11 are based in China, and five are located in France.
Biggest Companies in the World, by Sector
Even with dropping market values across the sector in 2022,
technology sector remains at the top.
Among the world’s biggest companies, 20 are in tech, across a combined market value of $9.2 trillion. For an angle, that is about 31% of the market value of the 100 largest companies.
Rank |
Sector |
Combined Market Value |
Number of Companies |
Biggest Company in Sector |
1 |
Technology |
$9.2T |
20 |
Apple |
2 |
Consumer Discretionary |
$4.7T |
17 |
Amazon |
3 |
Health Care |
$4.3T |
17 |
UnitedHealth Group |
4 |
Energy |
$3.4T |
8 |
Saudi Aramco |
5 |
Financials |
$3.0T |
14 |
Berkshire Hathaway |
6 |
Industrials |
$1.8T |
9 |
Visa |
7 |
Consumer Staples |
$1.8T |
7 |
Procter & Gamble |
8 |
Telecommunications |
$841B |
5 |
Cisco |
9 |
Basic Materials |
$326B |
2 |
Linde |
10 |
Utilities |
$127B |
1 |
Nextera Energy |
Consumer discretionary and health care sectors fall next in
line, with big players such as Amazon and Johnson & Johnson among their
ranks.
At the other end of the spectrum comes utilities, the
smallest sector overall at least pertaining to the largest companies list. The
sole utilities company among the rankings, NextEra Energy, is one of the
world’s largest developers of wind and solar energy. Their plan is to invest up
to $95 billion in greening their power operations in the next three years.
Change of Fortune
It is a fact that many of the biggest companies in the world
are long-established players in global markets.
However, within the rankings, some of the distinguished
risers compared to 2021 are UnitedHealth Group, which launched from 19th
rank in 2021 to 8th rank this year and NVIDIA which has moved up to
become the 11th largest company globally, up from 24th
rank last year.
Some of the biggest losers in comparison are Meta
(Facebook’s parent company) and Alibaba. Meta has fallen down across the
rankings to 26th position in 2022 from 6th in 2021.
Meanwhile, Alibaba was once the ninth largest globally but has fallen down to 36th
position. Both companies have seen considerable value wiped from their market
caps which is approximately 66% and 28%, respectively—in the middle of lagging
earnings.
Infographic by: visualcapitalist