Tesla’s commitment to sustainable energy solutions and innovative approach to automotive design has made it a leader in its sector. “The financial sector, for as much negativity … that they generate, those companies are always really good places to work,” Seaman says. Toronto-based Waabi is working with partners like Volvo Autonomous Solutions to automate the long-haul trucking industry, making it more efficient and sustainable along the way. Climeworks is joined in the top 10 by fellow carbon capture company Carbon Clean. The London-based organization, which came in at number seven, captures carbon at the point of emission, like the smokestacks of an industrial plant. That targeted approach allows the solution to be deployed more quickly and cost efficiently, and the company already has partnerships with Chevron, Cemex, and Samsung.

In 2023, the company produced nearly 12,000 products for 528 clients worldwide. Its clients include Apple, Advanced Micro Devices, Broadcom, Intel, MediaTek, NVIDIA, NXP Semiconductors, OmniVision Technology, Qualcomm, and Renesas Electronics. Lilly’s product lines focus on diabetes, oncology, immunology, and neuroscience. It also caters to health markets, offering treatments for COVID-19, male sexual dysfunction, and osteoporosis in menopausal women. Saudi Aramco also has a chemicals business that makes complex products like synthetic rubber. Department of Justice filed an antitrust lawsuit against Apple in March 2024.

The company formerly known as Facebook rebranded in 2021 and announced a new focus on building the metaverse. For now, Meta Platform’s biggest products are its social networks, Facebook, and Instagram. Tech giant Apple is proof of how far high-quality products and strong brand loyalty can go. It first became the world’s most valuable company on Aug. 9, 2011, just 15 days before Steve Jobs resigned as CEO. It also holds the distinction of being the first company to hit market caps of $1 trillion, $2 trillion, and $3 trillion. Nvidia has gained widespread popularity recently as its profits buoyed above most industry contemporaries.

Largest Companies in 2024 By Revenue

The company’s gasoline stations are familiar sights for drivers globally, operating under brand names like ExxonMobil, Esso, Exxon, or Mobil, depending on the location. ExxonMobil’s corporate identity reflects the 1999 merger of two industry giants. The company boasts an extensive network of discount stores, supercenters, neighborhood markets, and a robust online platform. Here, we delve into the 10 biggest companies in the world, ranked by their 12-month trailing (TTM) revenue as of January 2023 from YCharts.

The social media company best known for Facebook and Instagram has also recently expanded into virtual reality and e-commerce. As you may have guessed, Microsoft is right on its rival’s coattails with a market cap “just” a couple hundred billion dollars away from first place. Still, it’s been the No. 1 company in the world before and it very well may be again. Volkswagen, a German automaker, is engaged in the manufacturing, sales, and servicing of both luxury and economy cars, sports cars, trucks, and commercial vehicles. UnitedHealth Group, headquartered in Minnetonka, Minnesota, is a multinational healthcare and insurance company. It provides managed healthcare insurance policies to businesses, government employers, and individuals.

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Alphabet’s diverse portfolio and strategic investments keep it at the forefront of technology and innovation, but Google is certainly the prize jewel. A company’s stock valuation can grow or shrink to the tune of millions or even billions of dollars a month, a week or sometimes even a day. Other indicators of company size (employee count, overall sales and other measurements for profits and revenues) all morph quite a bit too.

Data

NVIDIA is a Silicon Valley corporation primarily focused on designing graphics processing units for visual computing and AI. While GPUs remain central to video games and professional design, NVIDIA’s innovations in deep learning hardware and software powered recent advances in artificial intelligence. Currently holding a semiconductor market share upwards of 90% for AI workloads, NVIDIA found itself at the core of ChatGPT’s capabilities and other widely-used large language models. The world’s biggest companies by market capitalization are mainly tech companies, although other sectors, such as energy, financial services, and pharmaceutical, also make an appearance in the top 10. Most of these companies generate hundreds of billions of dollars in annual revenue and are highly profitable. However, there are a few exceptions, with the focus of investors being future growth potential.

Tech and financial services headlined LinkedIn’s 2025 top large companies to work for. Top 10 honoree Innovafeed is trying to solve the world’s if you can: how millennials can get rich slowly biggest challenges with some of its smallest inhabitants. LVMH, down 7.2%, led share declines across the sector, with Gucci-owner Kering and Hermès down 2% and 0.3% respectively. Swiss-based Richemont, which owns Cartier, was down 0.7% while Italy’s Prada was down 4.2%. PetroChina has focused on its renewable energy business so far this decade. It has also committed to having renewables account for one-third of its energy portfolio by 2035 and 50% of its energy portfolio by 2050.

Exxon Mobil is the largest U.S. oil company; in 2013, it was the largest company in the world. It’s involved in crude oil and natural gas production, the sale of petroleum products and petrochemicals, lower-emission energy development, and specialty chemical products. While no sole commercial domain controls the list of the top 10, over half of these corporations are linked to the tech business. This underscores the technology sector as one of the biggest contributors to the marketplace, especially for people keen on putting resources into AI-connected ventures. Just as employee numbers and income statements provide context, market value delivers a perception of which firms hold the most comprehensive clout in the economic climate based on the summed valuation of shares. The exponential increases of tech giants over the past decade exemplify how disruptive inventions can elevate a company from a promising startup to a global powerhouse in a relatively abbreviated period.

  • The social media company best known for Facebook and Instagram has also recently expanded into virtual reality and e-commerce.
  • It’s the largest contract chip manufacturer in the world, and demand for AI chips has led to increased sales for TSMC.
  • Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
  • Chevon is notable for leveraging technology to improve its operations, including using artificial intelligence (AI) tools for fault detection.

However, environmental disasters and a long history of climate change denial led to heavy criticism of the oil company. Although ExxonMobil is still a leader in terms of revenue, its market cap has been stuck in neutral for the past decade. Chevron is another leading U.S. oil company, and it has both upstream and downstream operations. Upstream operations refer to exploration and production, while downstream operations refer to refining 16 candlestick patterns and marketing. Chevon is notable for leveraging technology to improve its operations, including using artificial intelligence (AI) tools for fault detection.

Largest Companies In The World By Market Cap 2024

LVMH shares dropped 7%, bringing its market capitalization down to €246 billion, compared to €247 billion for Hermès. Even if you want to stay away from Big Oil, the energy sector also has renewable energy stocks. You won’t find them among the top 10 (at least not yet), but they provide a more sustainable way to invest in energy companies. Taiwan Semiconductor Manufacturing is the largest contract chip manufacturer worldwide. TSMC partners with leading tech companies like Apple and Nvidia by providing essential components for a wide range of electronic devices.

  • In this sense it aims to estimate the overall value of a company, with share price only being one element.
  • The world’s biggest companies by market capitalization are mainly tech companies, although other sectors, such as energy, financial services, and pharmaceutical, also make an appearance in the top 10.
  • Most of these companies generate hundreds of billions of dollars in annual revenue and are highly profitable.
  • Switzerland’s Climeworks ranks second, behind Vermont-based battery-powered aircraft maker BETA Technologies.
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While most oil companies are now investing in renewable energy, just about all of them have had their high-profile issues, such as oil spills or climate change denial. If that’s not a dealbreaker, these tend to be stable businesses and some of the higher-paying dividend stocks. Market value and market capitalization are two terms frequently used – and confused – when discussing the profitability and viability of companies.

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It is the world’s largest dedicated independent (pure-play) semiconductor foundry. TSMC’s advanced manufacturing capabilities and role in supplying key components for a wide range of electronic devices make it a key player among the top companies by market cap. Nvidia, positioned at 6th place in the list of top companies by market capitalisation, has garnered significant attention due to its remarkable profitability in the previous quarter of 2023. The company is well-regarded for its expertise in producing stand-alone GPUs (graphics processing units). Notably, Nvidia’s GPUs play a crucial role in powering generative AI platforms such as OpenAI’s ChatGPT and Google’s Bard. The widespread popularity of Nvidia is attributed to its leadership in the GPU market and its noteworthy financial performance compared to many industry counterparts.

It used its influence to fight climate change regulations, and bittrex review it has been responsible for quite a few oil spills. Their commitment to innovative digital marketing and facilitating online communication about our everyday lives comfortably keeps them in the top 10 largest companies. Thanks to the rapid innovation occurring in the AI sector, Nvidia has seen its fortunes grow and grow. The company’s focus on cutting-edge technology and expanding markets positions it as a vital component of the digital ecosystem.