Forbes Global 2000

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.

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Article

Forbes Global 2000

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.

By country

Forbes Global 2000

<table><thead><tr><th>Rank</th><th>Country/region</th><th>Companies</th><th>Highest-ranked company</th></tr></thead><tbody><tr><td>1</td><td>United States</td><td>620</td><td>JPMorgan Chase</td></tr><tr><td>2</td><td>China</td><td>298</td><td>ICBC</td></tr><tr><td>3</td><td>Japan</td><td>192</td><td>Toyota</td></tr><tr><td>4</td><td>France</td><td>62</td><td>TotalEnergies</td></tr><tr><td>5</td><td>South Korea</td><td>61</td><td>Samsung Electronics</td></tr><tr><td>6</td><td>United Kingdom</td><td>60</td><td>Shell</td></tr><tr><td>7</td><td>Canada</td><td>57</td><td>Royal Bank of Canada</td></tr><tr><td>8</td><td>India</td><td>55</td><td>Reliance Industries</td></tr><tr><td>9</td><td>Germany</td><td>50</td><td>Volkswagen Group</td></tr><tr><td>10</td><td>Taiwan</td><td>45</td><td>Taiwan Semiconductor</td></tr><tr><td>11</td><td>Hong Kong</td><td>44</td><td>China Mobile</td></tr><tr><td>12</td><td> Switzerland</td><td>44</td><td>Nestlé</td></tr><tr><td>13</td><td>Australia</td><td>32</td><td>BHP</td></tr><tr><td>14</td><td>Italy</td><td>28</td><td>Eni</td></tr><tr><td>15</td><td>Netherlands</td><td>25</td><td>Stellantis</td></tr><tr><td>16</td><td>Sweden</td><td>24</td><td>Volvo</td></tr><tr><td>17</td><td>Brazil</td><td>22</td><td>Petrobras</td></tr><tr><td>17</td><td>Ireland</td><td>22</td><td>Accenture</td></tr><tr><td>19</td><td>Spain</td><td>20</td><td>Santander</td></tr><tr><td>20</td><td>Saudi Arabia</td><td>17</td><td>Saudi Aramco</td></tr><tr><td>20</td><td>Thailand</td><td>17</td><td>PTT</td></tr><tr><td>22</td><td>United Arab Emirates</td><td>16</td><td>First Abu Dhabi Bank</td></tr><tr><td>23</td><td>Singapore</td><td>14</td><td>Oversea-Chinese Banking Corporation</td></tr><tr><td>24</td><td>Mexico</td><td>13</td><td>América Móvil</td></tr><tr><td>25</td><td>South Africa</td><td>12</td><td>FirstRand</td></tr><tr><td>26</td><td>Israel</td><td>11</td><td>Bank Leumi</td></tr><tr><td>27</td><td>Denmark</td><td>10</td><td>Møller-Maersk</td></tr><tr><td>27</td><td>Finland</td><td>10</td><td>Nordea Bank</td></tr><tr><td>29</td><td>Norway</td><td>9</td><td>Equinor</td></tr><tr><td>29</td><td>Austria</td><td>9</td><td>OMV Group</td></tr><tr><td>29</td><td>Turkey</td><td>9</td><td>Koç Holding</td></tr><tr><td>32</td><td>Indonesia</td><td>8</td><td>Bank Rakyat Indonesia</td></tr><tr><td>32</td><td>Malaysia</td><td>8</td><td>Maybank</td></tr><tr><td>32</td><td>Chile</td><td>8</td><td>Quiñenco</td></tr><tr><td>32</td><td>Greece</td><td>8</td><td>Eurobank Ergasias</td></tr><tr><td>36</td><td>Poland</td><td>7</td><td>PKN Orlen</td></tr><tr><td>37</td><td>Belgium</td><td>6</td><td>Anheuser-Busch InBev</td></tr><tr><td>37</td><td>Qatar</td><td>6</td><td>Qatar National Bank</td></tr><tr><td>37</td><td>Luxembourg</td><td>6</td><td>ArcelorMittal</td></tr><tr><td>37</td><td>Bermuda</td><td>6</td><td>Arch Capital Group</td></tr><tr><td>41</td><td>Vietnam</td><td>5</td><td>Joint Stock Commercial Bank for Foreign Trade of Vietnam</td></tr><tr><td>42</td><td>Colombia</td><td>4</td><td>Ecopetrol</td></tr><tr><td>42</td><td>Portugal</td><td>4</td><td>EDP - Energias de Portugal</td></tr><tr><td>42</td><td>Philippines</td><td>4</td><td>SM Investments</td></tr><tr><td>45</td><td>Kuwait</td><td>2</td><td>Kuwait Finance House</td></tr><tr><td>45</td><td>Hungary</td><td>2</td><td>MOL Hungarian Oil</td></tr><tr><td>45</td><td>Cayman Islands</td><td>2</td><td>Nu Holdings</td></tr><tr><td>45</td><td>Kazakhstan</td><td>2</td><td>Kaspi.kz JSC</td></tr><tr><td>45</td><td>Morocco</td><td>2</td><td>Attijariwafa Bank</td></tr><tr><td>45</td><td>Nigeria</td><td>2</td><td>Dangote Cement</td></tr><tr><td>51</td><td>Czech Republic</td><td>1</td><td>Cez Group</td></tr><tr><td>51</td><td>Argentina</td><td>1</td><td>YPF</td></tr><tr><td>51</td><td>Peru</td><td>1</td><td>Credicorp</td></tr><tr><td>51</td><td>Uruguay</td><td>1</td><td>MercadoLibre</td></tr><tr><td>51</td><td>Egypt</td><td>1</td><td>Commercial International Bank</td></tr><tr><td>51</td><td>Jordan</td><td>1</td><td>Arab Bank</td></tr><tr><td>51</td><td>Oman</td><td>1</td><td>Bank Muscat</td></tr><tr><td>51</td><td>Pakistan</td><td>1</td><td>Pakistan State Oil</td></tr></tbody></table>

2025 list

Forbes Global 2000

In 2025, the ten largest companies as calculated by this method were:

• JPMorgan Chase • Berkshire Hathaway • Industrial and Commercial Bank of China • Saudi Aramco • Amazon • Bank of America • China Construction Bank • Agricultural Bank of China • Alphabet • Microsoft

2024 list

Forbes Global 2000

In 2024, the ten largest companies as calculated by this method were:

• JPMorgan Chase • Berkshire Hathaway • Saudi Aramco • Industrial and Commercial Bank of China • Bank of America • Amazon • China Construction Bank • Microsoft • Agricultural Bank of China • Alphabet

2023 list

Forbes Global 2000

In 2023, the ten largest companies as calculated by this method were:

2022 list

Forbes Global 2000

In 2022, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Conglomerate</td><td>276.1</td><td>89.9</td><td>958.8</td><td>741.5</td></tr><tr><td>2</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial Service</td><td>208.1</td><td>54.0</td><td>5,518.5</td><td>214.4</td></tr><tr><td>3</td><td>Saudi Aramco</td><td>Dhahran</td><td>Oil and gas</td><td>400.4</td><td>105.4</td><td>576.0</td><td>2,292.1</td></tr><tr><td>4</td><td>JPMorgan Chase</td><td>New York</td><td>Banking, financial services</td><td>124.5</td><td>42.1</td><td>3,954.7</td><td>374.5</td></tr><tr><td>5</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>202.1</td><td>46.9</td><td>4,747.0</td><td>181.3</td></tr><tr><td>6</td><td>Amazon.com, Inc.</td><td>Seattle</td><td>Conglomerate</td><td>469.8</td><td>33.4</td><td>420.6</td><td>1,468.4</td></tr><tr><td>7</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>678.7</td><td>100.6</td><td>381.2</td><td>2,640.3</td></tr><tr><td>8</td><td>Citigroup</td><td>New York</td><td>Banking, financial services</td><td>181.4</td><td>37.4</td><td>4,561.1</td><td>133.4</td></tr><tr><td>9</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>96.8</td><td>31.0</td><td>3,238.2</td><td>303.1</td></tr><tr><td>10</td><td>Toyota</td><td>Toyota, Aichi</td><td>Automotive</td><td>281.8</td><td>28.2</td><td>552.5</td><td>237.7</td></tr></tbody></table>

2021 list

Forbes Global 2000

In 2021, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial Service</td><td>190.5</td><td>45.8</td><td>4914.7</td><td>249.5</td></tr><tr><td>2</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>136.2</td><td>40.4</td><td>3689.3</td><td>464.8</td></tr><tr><td>3</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Banking, financial services</td><td>245.5</td><td>42.5</td><td>873.7</td><td>624.4</td></tr><tr><td>4</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>173.5</td><td>39.3</td><td>4301.7</td><td>210.4</td></tr><tr><td>5</td><td>Saudi Aramco</td><td>Dhahran</td><td>Oil and gas</td><td>229.7</td><td>49.3</td><td>510.3</td><td>1897.2</td></tr><tr><td>6</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>294</td><td>63.9</td><td>354.1</td><td>2252.3</td></tr><tr><td>6</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>98.8</td><td>17.9</td><td>2832.2</td><td>336.3</td></tr><tr><td>6</td><td>Ping An Insurance</td><td>Shenzhen</td><td>Financial services</td><td>169.1</td><td>20.8</td><td>1453.8</td><td>211.2</td></tr><tr><td>9</td><td>Citigroup</td><td>New York</td><td>Banking, financial services</td><td>153.9</td><td>31.3</td><td>4159.9</td><td>140.1</td></tr><tr><td>10</td><td>Amazon.com, Inc.</td><td>Seattle</td><td>Conglomerate</td><td>386.1</td><td>21.3</td><td>321.2</td><td>1711.8</td></tr></tbody></table>

2020 list

Forbes Global 2000

In 2020, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>177.2</td><td>45.3</td><td>4322.5</td><td>242.3</td></tr><tr><td>2</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>162.1</td><td>38.9</td><td>3822</td><td>203.8</td></tr><tr><td>3</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>142.9</td><td>30</td><td>3139.4</td><td>291.7</td></tr><tr><td>4</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Banking, financial services</td><td>254.6</td><td>81.4</td><td>817.7</td><td>455.4</td></tr><tr><td>5</td><td>Citigroup</td><td>New York</td><td>Banking, financial services</td><td>148.7</td><td>30.9</td><td>3697.5</td><td>147.2</td></tr><tr><td>6</td><td>Saudi Aramco</td><td>Dhahran</td><td>Oil and gas</td><td>329.8</td><td>88.2</td><td>398.3</td><td>1284.8</td></tr><tr><td>7</td><td>Ping An Insurance</td><td>Shenzhen</td><td>Financial services</td><td>155</td><td>18.8</td><td>1218.6</td><td>187.2</td></tr><tr><td>8</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>112.1</td><td>24.1</td><td>2620</td><td>208.6</td></tr><tr><td>9</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>267.7</td><td>57.2</td><td>320.4</td><td>1285.5</td></tr><tr><td>10</td><td>Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>135.4</td><td>27.2</td><td>3387</td><td>112.8</td></tr></tbody></table>

2019 list

Forbes Global 2000

In 2019, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>175.9</td><td>45.2</td><td>4034.5</td><td>305.1</td></tr><tr><td>2</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>132.9</td><td>32.7</td><td>2737.2</td><td>368.5</td></tr><tr><td>3</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>150.3</td><td>38.8</td><td>3382.4</td><td>225</td></tr><tr><td>4</td><td>Citigroup</td><td>New York City</td><td>Banking, financial services</td><td>137.5</td><td>30.9</td><td>3293.1</td><td>197</td></tr><tr><td>5</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>111.9</td><td>28.5</td><td>2377.2</td><td>287.3</td></tr><tr><td>6</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>261.7</td><td>59.4</td><td>373.7</td><td>961.3</td></tr><tr><td>7</td><td>Ping An Insurance</td><td>Shenzhen</td><td>Financial services</td><td>151.8</td><td>16.3</td><td>1038.3</td><td>220.2</td></tr><tr><td>8</td><td>American Express</td><td>Buffalo</td><td>Banking, financial services</td><td>126.7</td><td>27.5</td><td>3097.6</td><td>143</td></tr><tr><td>9</td><td>Royal Dutch Shell</td><td>The Hague</td><td>Oil and gas</td><td>382.6</td><td>23.3</td><td>399.2</td><td>264.9</td></tr><tr><td>10</td><td>Wells Fargo</td><td>San Francisco</td><td>Banking, financial services</td><td>101.5</td><td>23.1</td><td>1887.8</td><td>214.7</td></tr></tbody></table>

2018 list

Forbes Global 2000

In 2018, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>165.3</td><td>43.7</td><td>4210.9</td><td>311</td></tr><tr><td>2</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>143.2</td><td>37.1</td><td>3631.6</td><td>261.2</td></tr><tr><td>3</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>118.2</td><td>26.5</td><td>2609.8</td><td>387.7</td></tr><tr><td>4</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Conglomerate</td><td>235.2</td><td>39.7</td><td>702.7</td><td>491.9</td></tr><tr><td>5</td><td>Citigroup</td><td>New York City</td><td>Banking, financial services</td><td>129.3</td><td>29.6</td><td>3439.3</td><td>184.1</td></tr><tr><td>6</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>92.2</td><td>16.6</td><td>2196.8</td><td>231.9</td></tr><tr><td>7</td><td>Wells Fargo</td><td>San Francisco</td><td>Banking, financial services</td><td>103.0</td><td>21.7</td><td>1915.4</td><td>265.3</td></tr><tr><td>8</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>247.5</td><td>53.3</td><td>367.5</td><td>926.9</td></tr><tr><td>9</td><td>Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>118.2</td><td>26.4</td><td>3204.2</td><td>158.6</td></tr><tr><td>10</td><td>American Express</td><td>Buffalo</td><td>Banking, financial services</td><td>141.6</td><td>13.9</td><td>1066.4</td><td>181.4</td></tr></tbody></table>

As a group, the Forbes Global 2000 in year 2018 accounts for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value.

By industry sector

The top-ranked companies in each industry sector are as follows.

<table><thead><tr><th>Sector</th><th>Company</th><th>Headquarters</th><th>Overall rank</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>Advertising</td><td>WPP</td><td>London</td><td>#301</td><td>18.7</td><td>1.8</td><td>42.4</td><td>30.1</td></tr><tr><td>Aerospace & Defense</td><td>Boeing</td><td>Chicago</td><td>#76</td><td>96.1</td><td>5.2</td><td>94.4</td><td>85.3</td></tr><tr><td>Air Courier</td><td>United Parcel Service</td><td>Sandy Springs</td><td>#146</td><td>58.1</td><td>4.8</td><td>38.3</td><td>93.3</td></tr><tr><td>Airline</td><td>Delta Air Lines</td><td>Atlanta</td><td>#170</td><td>40.5</td><td>4.7</td><td>53.3</td><td>34.4</td></tr><tr><td>Aluminum</td><td>Alcoa</td><td>New York City</td><td>#757</td><td>21.7</td><td>-0.3</td><td>36.1</td><td>13.7</td></tr><tr><td>Apparel/Accessories</td><td>Christian Dior</td><td>Paris</td><td>#216</td><td>41.6</td><td>1.7</td><td>68.1</td><td>31.4</td></tr><tr><td>Apparel/Footwear Retail</td><td>Inditex</td><td>A Coruña</td><td>#310</td><td>23.1</td><td>3.2</td><td>18.8</td><td>103.2</td></tr><tr><td>Auto & Truck Manufacturers</td><td>Toyota Motor</td><td>Toyota</td><td>#10</td><td>235.8</td><td>19.3</td><td>406.7</td><td>177.0</td></tr><tr><td>Auto & Truck Parts</td><td>Continental</td><td>Hanover</td><td>#209</td><td>43.5</td><td>3.0</td><td>36.7</td><td>43.7</td></tr><tr><td>Beverages</td><td>Anheuser-Busch InBev</td><td>Leuven</td><td>#56</td><td>43.6</td><td>8.3</td><td>136.5</td><td>204.6</td></tr><tr><td>Biotechs</td><td>Gilead Sciences</td><td>Foster City</td><td>#118</td><td>32.2</td><td>18.1</td><td>51.8</td><td>138.1</td></tr><tr><td>Broadcasting & Cable</td><td>Comcast</td><td>Philadelphia</td><td>#35</td><td>74.5</td><td>8.2</td><td>166.6</td><td>148.2</td></tr><tr><td>Business & Personal Services</td><td>Alibaba</td><td>Hangzhou</td><td>#174</td><td>15.0</td><td>11.0</td><td>56.2</td><td>200.7</td></tr><tr><td>Business Products & Supplies</td><td>Canon</td><td>Tokyo</td><td>#254</td><td>31.4</td><td>1.8</td><td>36.8</td><td>40.4</td></tr><tr><td>Casinos & Gaming</td><td>Las Vegas Sands</td><td>Paradise</td><td>#301</td><td>11.4</td><td>1.8</td><td>21.0</td><td>37.2</td></tr><tr><td>Communications Equipment</td><td>Cisco Systems</td><td>San Jose</td><td>#63</td><td>49.6</td><td>10.3</td><td>112.6</td><td>141.7</td></tr><tr><td>Computer & Electronics Retail</td><td>Best Buy</td><td>Richfield</td><td>#637</td><td>39.5</td><td>0.9</td><td>13.5</td><td>10.7</td></tr><tr><td>Computer Hardware</td><td>Apple Inc.</td><td>Cupertino</td><td>#8</td><td>233.3</td><td>53.7</td><td>293.3</td><td>586.0</td></tr><tr><td>Computer Services</td><td>Alphabet</td><td>Mountain View</td><td>#27</td><td>77.2</td><td>17.0</td><td>149.7</td><td>500.1</td></tr><tr><td>Computer Storage Devices</td><td>EMC</td><td>Hopkinton</td><td>#231</td><td>24.6</td><td>2.0</td><td>45.7</td><td>51.9</td></tr><tr><td>Conglomerates</td><td>Siemens</td><td>Munich</td><td>#51</td><td>85.5</td><td>6.5</td><td>133.9</td><td>91.8</td></tr><tr><td>Construction Materials</td><td>Saint-Gobain</td><td>Courbevoie</td><td>#256</td><td>43.9</td><td>1.4</td><td>48.7</td><td>25.6</td></tr><tr><td>Construction Services</td><td>China State Construction Engineering</td><td>Beijing</td><td>#114</td><td>135.0</td><td>4.1</td><td>165.6</td><td>25.6</td></tr><tr><td>Consumer Electronics</td><td>Sony</td><td>Tokyo</td><td>#192</td><td>67.9</td><td>1.1</td><td>142.2</td><td>34.1</td></tr><tr><td>Consumer Financial Services</td><td>American Express</td><td>New York City</td><td>#95</td><td>34.6</td><td>5.0</td><td>159.0</td><td>63.2</td></tr><tr><td>Containers & Packaging</td><td>Amcor</td><td>Hawthorn</td><td>#966</td><td>9.3</td><td>0.7</td><td>8.2</td><td>13.6</td></tr><tr><td>Department Stores</td><td>Macy's</td><td>New York City</td><td>#515</td><td>27.1</td><td>1.1</td><td>20.6</td><td>12.8</td></tr><tr><td>Discount Stores</td><td>Wal-Mart Stores</td><td>Bentonville</td><td>#15</td><td>482.1</td><td>14.7</td><td>199.6</td><td>215.7</td></tr><tr><td>Diversified Chemicals</td><td>BASF</td><td>Ludwigshafen</td><td>#94</td><td>78.1</td><td>4.4</td><td>80.1</td><td>73.2</td></tr><tr><td>Diversified Insurance</td><td>Ping An Insurance</td><td>Shenzhen</td><td>#20</td><td>98.7</td><td>8.7</td><td>732.3</td><td>90.0</td></tr><tr><td>Diversified Metals & Mining</td><td>China Shenhua Energy</td><td>Beijing</td><td>#167</td><td>27.3</td><td>2.6</td><td>85.3</td><td>43.1</td></tr><tr><td>Diversified Utilities</td><td>Veolia Environnement</td><td>Paris</td><td>#526</td><td>27.7</td><td>0.5</td><td>39.0</td><td>13.3</td></tr><tr><td>Drug Retail</td><td>CVS Health</td><td>Woonsocket</td><td>#62</td><td>153.3</td><td>5.2</td><td>93.7</td><td>110.8</td></tr><tr><td>Electric Utilities</td><td>Korea Electric Power</td><td>Seoul</td><td>#97</td><td>52.1</td><td>11.7</td><td>149.5</td><td>33.1</td></tr><tr><td>Electrical Equipment</td><td>Schneider Electric</td><td>Rueil-Malmaison</td><td>#117</td><td>29.5</td><td>1.6</td><td>46.3</td><td>39.3</td></tr><tr><td>Electronics</td><td>Hon Hai Precision (Foxconn)</td><td>New Taipei City</td><td>#117</td><td>141.2</td><td>4.6</td><td>70.3</td><td>39.2</td></tr><tr><td>Environmental & Waste</td><td>Waste Management</td><td>Houston</td><td>#549</td><td>13.0</td><td>0.8</td><td>20.9</td><td>25.1</td></tr><tr><td>Food Processing</td><td>Nestlé</td><td>Vevey</td><td>#33</td><td>92.2</td><td>9.4</td><td>123.9</td><td>235.7</td></tr><tr><td>Food Retail</td><td>Kroger</td><td>Cincinnati</td><td>#223</td><td>109.8</td><td>2.0</td><td>34.9</td><td>34.2</td></tr><tr><td>Forest Products</td><td>Empresas CMPC</td><td>Santiago</td><td>#1943</td><td>4.8</td><td>0.3</td><td>14.8</td><td>5.4</td></tr><tr><td>Furniture & Fixtures</td><td>Steinhoff International</td><td>Stellenbosch</td><td>#440</td><td>13.3</td><td>1.4</td><td>25.1</td><td>22.8</td></tr><tr><td>Healthcare Services</td><td>Express Scripts</td><td>St. Louis</td><td>#145</td><td>101.8</td><td>2.5</td><td>54.0</td><td>46.5</td></tr><tr><td>Heavy Equipment</td><td>Caterpillar</td><td>Peoria</td><td>#155</td><td>47.0</td><td>2.1</td><td>78.5</td><td>45.6</td></tr><tr><td>Home Improvement Retail</td><td>Home Depot</td><td>Atlanta</td><td>#112</td><td>88.5</td><td>7.0</td><td>42.5</td><td>169.8</td></tr><tr><td>Hotels/Motels</td><td>Carnival</td><td>Miami</td><td>#311</td><td>15.8</td><td>1.9</td><td>38.4</td><td>37.8</td></tr><tr><td>Household Appliances</td><td>Midea Group</td><td>Foshan</td><td>#402</td><td>22.0</td><td>2.0</td><td>19.8</td><td>20.2</td></tr><tr><td>Household/Personal Care</td><td>Procter & Gamble</td><td>Cincinnati</td><td>#39</td><td>69.4</td><td>8.4</td><td>129.1</td><td>218.9</td></tr><tr><td>Insurance Brokers</td><td>Aon</td><td>London</td><td>#420</td><td>11.7</td><td>1.4</td><td>27.2</td><td>27.9</td></tr><tr><td>Internet & Catalog Retail</td><td>Amazon</td><td>Seattle</td><td>#237</td><td>107.0</td><td>0.6</td><td>67.7</td><td>292.6</td></tr><tr><td>Investment Services</td><td>Berkshire Hathaway</td><td>Omaha</td><td>#4</td><td>210.8</td><td>24.1</td><td>561.1</td><td>360.1</td></tr><tr><td>Iron & Steel</td><td>Citic Pacific</td><td>Hong Kong</td><td>#61</td><td>53.8</td><td>5.4</td><td>877.8</td><td>45.4</td></tr><tr><td>Life & Health Insurance</td><td>Japan Post Holdings</td><td>Tokyo</td><td>#29</td><td>129.8</td><td>4.4</td><td>2,450.7</td><td>62.6</td></tr><tr><td>Major Banks</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>#1</td><td>171.1</td><td>44.2</td><td>3,420.3</td><td>198.0</td></tr><tr><td>Managed Health Care</td><td>UnitedHealth Group</td><td>Minnetonka</td><td>#41</td><td>165.9</td><td>6.0</td><td>117.9</td><td>127.5</td></tr><tr><td>Medical Equipment & Supplies</td><td>Johnson & Johnson</td><td>New Brunswick</td><td>#32</td><td>70.2</td><td>15.4</td><td>133.4</td><td>312.6</td></tr><tr><td>Natural Gas Utilities</td><td>Gas Natural Fenosa</td><td>Barcelona</td><td>#287</td><td>28.8</td><td>1.7</td><td>52.3</td><td>20.6</td></tr><tr><td>Oil & Gas Operations</td><td>ExxonMobil</td><td>Irving</td><td>#9</td><td>236.8</td><td>16.2</td><td>336.8</td><td>363.3</td></tr><tr><td>Oil Services & Equipment</td><td>Schlumberger</td><td>Houston</td><td>#176</td><td>31.7</td><td>1.6</td><td>69.1</td><td>111.1</td></tr><tr><td>Other Industrial Equipment</td><td>Eaton</td><td>Dublin</td><td>#315</td><td>20.9</td><td>2.0</td><td>31.0</td><td>28.9</td></tr><tr><td>Other Transportation</td><td>Møller-Maersk</td><td>Copenhagen</td><td>#306</td><td>40.3</td><td>0.7</td><td>64.1</td><td>30.7</td></tr><tr><td>Paper & Paper Products</td><td>International Paper</td><td>Memphis</td><td>#426</td><td>22.4</td><td>0.9</td><td>30.6</td><td>17.8</td></tr><tr><td>Pharmaceuticals</td><td>Pfizer</td><td>New York City</td><td>#46</td><td>48.9</td><td>7.7</td><td>167.5</td><td>205.7</td></tr><tr><td>Precision Healthcare Equipment</td><td>Thermo Fisher Scientific</td><td>Waltham</td><td>#267</td><td>17.0</td><td>2.0</td><td>40.9</td><td>57.8</td></tr><tr><td>Printing & Publishing</td><td>Thomson Reuters</td><td>New York City</td><td>#405</td><td>12.2</td><td>1.3</td><td>29.1</td><td>30.9</td></tr><tr><td>Property & Casualty Insurance</td><td>Travelers</td><td>New York City</td><td>#165</td><td>26.9</td><td>3.4</td><td>102.0</td><td>32.4</td></tr><tr><td>Railroads</td><td>Union Pacific</td><td>Omaha</td><td>#172</td><td>21.0</td><td>4.6</td><td>55.8</td><td>75.4</td></tr><tr><td>Real Estate</td><td>Vanke</td><td>Shenzhen</td><td>#185</td><td>31.1</td><td>2.9</td><td>94.1</td><td>27.7</td></tr><tr><td>Recreational Products</td><td>Activision Blizzard</td><td>Santa Monica</td><td>#842</td><td>4.6</td><td>0.9</td><td>15.3</td><td>25.5</td></tr><tr><td>Regional Banks</td><td>China Construction Bank</td><td>Beijing</td><td>#2</td><td>146.8</td><td>36.4</td><td>2,826.0</td><td>162.8</td></tr><tr><td>Rental & Leasing</td><td>Mitsubishi UFJ Lease</td><td>Tokyo</td><td>#1075</td><td>6.7</td><td>0.5</td><td>42.3</td><td>4.2</td></tr><tr><td>Restaurants</td><td>McDonald's</td><td>Oak Brook</td><td>#189</td><td>25.4</td><td>4.8</td><td>37.9</td><td>110.1</td></tr><tr><td>Security Systems</td><td>Secom</td><td>Tokyo</td><td>#854</td><td>7.1</td><td>0.6</td><td>13.2</td><td>18.1</td></tr><tr><td>Semiconductors</td><td>Samsung Electronics</td><td>Seoul</td><td>#18</td><td>177.3</td><td>16.5</td><td>206.5</td><td>161.6</td></tr><tr><td>Software & Programming</td><td>Microsoft</td><td>Redmond</td><td>#23</td><td>86.6</td><td>10.2</td><td>181.9</td><td>407.0</td></tr><tr><td>Specialized Chemicals</td><td>Air Liquide</td><td>Paris</td><td>#313</td><td>18.2</td><td>1.9</td><td>31.4</td><td>40.5</td></tr><tr><td>Specialty Stores</td><td>Richemont</td><td>Bellevue</td><td>#416</td><td>12.4</td><td>1.7</td><td>21.2</td><td>37.6</td></tr><tr><td>Telecommunications services</td><td>AT&T</td><td>Dallas</td><td>#12</td><td>146.8</td><td>13.2</td><td>402.7</td><td>234.2</td></tr><tr><td>Thrifts & Mortgage Financing</td><td>Aareal Bank</td><td>Wiesbaden</td><td>#1381</td><td>1.4</td><td>0.4</td><td>57.2</td><td>2.1</td></tr><tr><td>Tobacco</td><td>British American Tobacco</td><td>London</td><td>#177</td><td>20.0</td><td>6.6</td><td>46.5</td><td>111.0</td></tr><tr><td>Trading Companies</td><td>Mitsubishi Corp</td><td>Tokyo</td><td>#136</td><td>59.8</td><td>2.7</td><td>135.7</td><td>27.7</td></tr><tr><td>Trucking</td><td>Yamato Holdings</td><td>Tokyo</td><td>#1306</td><td>11.7</td><td>0.3</td><td>9.3</td><td>8.6</td></tr></tbody></table>

2017 list

Forbes Global 2000

In 2017, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>151.4</td><td>42.0</td><td>3473.2</td><td>229.8</td></tr><tr><td>2</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>134.2</td><td>35.0</td><td>3016.6</td><td>200.5</td></tr><tr><td>3</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Conglomerate</td><td>222.9</td><td>24.1</td><td>620.9</td><td>409.9</td></tr><tr><td>4</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>102.5</td><td>24.2</td><td>2513.0</td><td>306.6</td></tr><tr><td>5</td><td>Wells Fargo</td><td>San Francisco</td><td>Banking, financial services</td><td>97.6</td><td>21.9</td><td>1943.4</td><td>274.4</td></tr><tr><td>6</td><td>Citigroup</td><td>New York City</td><td>Banking, financial services</td><td>115.7</td><td>27.8</td><td>2816.0</td><td>149.2</td></tr><tr><td>7</td><td>Bank of America</td><td>Charlotte</td><td>Banking, financial services</td><td>92.2</td><td>16.6</td><td>2196.8</td><td>231.9</td></tr><tr><td>8</td><td>Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>113.1</td><td>24.9</td><td>2611.5</td><td>141.3</td></tr><tr><td>9</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>217.5</td><td>45.2</td><td>331.1</td><td>752.0</td></tr><tr><td>10</td><td>Toyota Motor</td><td>Toyota</td><td>Automotive</td><td>249.9</td><td>17.1</td><td>412.5</td><td>171.9</td></tr></tbody></table>

2016 list

Forbes Global 2000

In 2016, the ten largest companies as calculated by this method were:

<table><thead><tr><th>Rank</th><th>Company</th><th>Headquarters</th><th>Industry</th><th>Sales (billion $)</th><th>Profits (billion $)</th><th>Assets (billion $)</th><th>Market value (billion $)</th></tr></thead><tbody><tr><td>1</td><td>Industrial and Commercial Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>171.1</td><td>44.2</td><td>3,420.2</td><td>198</td></tr><tr><td>2</td><td>China Construction Bank</td><td>Beijing</td><td>Banking, financial services</td><td>146.8</td><td>36.4</td><td>2,826</td><td>162.8</td></tr><tr><td>3</td><td>Citigroup</td><td>New York City</td><td>Banking, financial services</td><td>131.9</td><td>28.8</td><td>2,739.8</td><td>152.7</td></tr><tr><td>4</td><td>Berkshire Hathaway</td><td>Omaha</td><td>Conglomerate</td><td>210.8</td><td>24.1</td><td>561.1</td><td>360.1</td></tr><tr><td>5</td><td>JPMorgan Chase</td><td>New York City</td><td>Banking, financial services</td><td>99.9</td><td>23.5</td><td>2,423.8</td><td>234.2</td></tr><tr><td>6</td><td>Bank of China</td><td>Beijing</td><td>Banking, financial services</td><td>122</td><td>27.2</td><td>2,589.6</td><td>143</td></tr><tr><td>7</td><td>Wells Fargo</td><td>San Francisco</td><td>Banking, financial services</td><td>91.4</td><td>22.7</td><td>1,849.2</td><td>256</td></tr><tr><td>8</td><td>Apple Inc.</td><td>Cupertino</td><td>Consumer Electronics, Software, Services</td><td>233.3</td><td>53.7</td><td>293.3</td><td>586</td></tr><tr><td>9</td><td>ExxonMobil</td><td>Irving</td><td>Oil and gas</td><td>236.8</td><td>16.2</td><td>336.8</td><td>363.3</td></tr><tr><td>10</td><td>Toyota Motor</td><td>Toyota</td><td>Automotive</td><td>235.8</td><td>19.3</td><td>406.7</td><td>177</td></tr></tbody></table>