Most valuable companies 2024

Companies are ranked according to TradingView’s list of largest companies by market capitalization. All figures, which are also taken from TradingView, are current as of Oct. 15, 2024. They can be highly profitable as well; 17 of the stocks on this list outperformed the S&P 500 over the past five years. They make up the top five — and seven of the top largest companies by market cap. It owns many businesses and is led by Warren Buffett, one of the world’s most successful investors.

• Bernstein analysts recently lowered their sales forecast for the sector this year to a decline of 2%, against a previous forecast for 5% growth, a drop that would mark the industry’s longest downturn in over two decades.
• They make up the top five — and seven of the top largest companies by market cap.
• All figures, which are also taken from TradingView, are current as of Oct. 15, 2024.
• Still, it’s been the No. 1 company in the world before and it very well may be again.
• In 2022, Saudi Aramco was the largest company in the world by market cap when oil prices were high.

The world’s biggest companies don’t just shape the global economy in an abstract sense; they provide the products and services that make modern life more convenient and connected than ever before. They set trends, drive innovation and set the course for smaller companies in every sector from technology to healthcare to finance. Microsoft is a global developer and licenser of software, devices, and services. The company is well known for its Windows and Office Suite software as well as its Xbox gaming hardware. The company is gaining more of its profits and revenue from cloud computing services, for which it is a market leader.

Most valuable companies by revenue

It’s the top oil producer in the world, with production totals of 12.4 million barrels of oil equivalent per day in 2024. The pharmaceutical company Eli Lilly boasts a strong portfolio of products, ranging from diabetes drugs to antidepressants. The company’s commitment to research and development has led to significant growth in recent years. Their focus on innovation and patient outcomes drives its success in the competitive healthcare industry. The company offers a diverse range of products, including iPhones, Macs and iPads.

Its upstream segment engages in the exploration and production of crude oil, condensate, natural gas, and natural gas liquids. The downstream segment is engaged in refining and petrochemical manufacturing, distribution, and power generation. Since Saudi Aramco is largely dependent on oil prices, it can go through significant ups and downs. Heavy oil demand helped it claim the top spot in terms of market cap early in May of 2022, but when demand fell, it was surpassed again. To diversify its portfolio, Saudi Aramco invested $500 million in a liquified natural gas (LNG) company, MidOcean Energy, in September 2023.

Get step-by-step guidance on investing in Google (aka Alphabet) stock and learn the ins and outs of this behemoth tech company. Get step-by-step guidance on investing in Apple stock and learn the ins and outs of this technology company. It’s also planning to invest $80 billion in AI-enabled data centers during the 2025 fiscal year, and it’s partnered with OpenAI, the developer of ChatGPT. This is limited to the largest 50 companies, all of which have annual revenues exceeding US$130 billion. This list is incomplete, as not all companies disclose their information to the media or general public.3 Information in the list relates to the most recent fiscal year (mostly FY 2023 or 2024).

It alleges that Apple illegally maintains a monopoly over smartphones through contractual restrictions on developers.

Fortune Global 500

Bernstein analysts recently lowered their sales forecast for the sector this year to a decline of 2%, against a previous forecast for 5% growth, a drop that would mark the industry’s longest downturn in over two decades. Several oil companies are getting a jump start on the transition to renewable energy. It operates the longest and most complex oil and liquids transportation system in North America, with approximately how to trade oil 18,085 miles of active pipeline. Led by super-successful investor Warren Buffet, Berkshire Hathaway, is a conglomerate that makes its money by owning significant stock in other companies. GEICO, Kraft Heinz, Coca-Cola, and even Apple are partially owned by this holding company.

In February 2024, it disclosed that a subsidiary, Change Healthcare, was the victim of a cyberattack. It ended up being the largest reported healthcare data breach in history, resulting in the compromised data of at least gmarkets 100 million people. The U.S. Department of Justice filed an antitrust lawsuit against Visa in September 2024. It alleges that Visa operates an illegal monopoly over the debit card payments market. Explore the world of large-cap stocks and learn how these can shape your portfolio. Tesla Inc., an automotive and energy company, is known for its electric vehicles and clean energy products.

• A market cap of $1 billion indicates that the total value of all a company’s shares of stock is worth $1 billion.
• The last several decades have been a battle between Apple and Microsoft in terms of market share for personal computing.
• Because of the AI boom, Nvidia was unstoppable in 2024, when it added over $2 trillion to its market cap.
• 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.
• Company size on the stock exchange is generally quantified by way of market capitalization, which is calculated by multiplying the number of outstanding shares by the present share price.

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It’s the largest contract chip manufacturer in the world, and demand for AI chips has led to increased sales for TSMC. Although the largest company by market capitalization, Microsoft’s global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue.

Shell canadian forex review is a British energy company involved in the exploration and production of oil, natural gas, and renewable energy. It operates in more than 70 countries, and it produced more than 530 million barrels of crude oil and natural gas liquids in 2024. Today, most of the top 10 companies by market capitalization are technology firms. Until a decade ago, many of the most valuable firms were traditional long-standing blue-chip industrial behemoths like Exxon, Chevron, General Electric or AT&T.

In 2022, Saudi Aramco was the largest company in the world by market cap when oil prices were high. Since then, this energy and chemicals company has made several acquisitions, including a 40% stake in Gas & Oil Pakistan at the end of 2023. Aside from its most famous products and software — like Windows, Office and Azure — Microsoft is now making substantial investments into cloud computing and artificial intelligence (AI). As a pioneer in digital transformation, Microsoft continues to reshape how businesses operate and innovate worldwide. By contrast, Microsoft built itself into one of the world’s largest companies with a focus on steady recurring revenue streams. You might not need a new smartphone or laptop every year, but a software license, cloud-computing package or video game subscription means ongoing payments—and client stickiness.

Energy sector takeaways for investors

The Axi team blog, in addition to regular posts from our daily market analysis contributors, is a place to share wider insights and ideas. In this section, you’ll find posts about everything from forex education and helpful hints for new traders to product updates and important market announcements. Saudi Aramco continues to rank in the top 10, and Exxon, another oil giant, is hanging on in the top 20.

Berkshire Hathaway’s diverse portfolio and strong leadership contribute to its high market cap. With the third biggest market cap across the globe at the moment, it is the backbone of Saudi Arabia’s economy. Saudi Aramco’s vast oil reserves and strategic location in the Middle East contribute to its position among the global market leaders. ConocoPhillips is a Houston-based company involved in the exploration and production of oil and natural gas. It operates in 14 countries, with about half of its production happening in the U.S. This company has bolstered its portfolio with some major acquisitions recently, including the purchase of Marathon Oil for $22.5 billion in 2024.

Sokolova pointed to LVMH’s larger exposure to the lower end of the luxury spectrum, whereas the wealthier client base of Hermes allowed it to better weather an industry downturn. Its extensive product range includes gasoline, diesel, kerosene, synthetic rubbers, resins, jet fuel, and chemical fertilizers, among others. China Petroleum & Chemical Corp., commonly known as Sinopec, is a major producer and distributor of diverse petrochemical and petroleum products. Join us as we explore the dynamic world of these industry titans, shaping the future on a global scale. While there is no date yet for the Revolut IPO, a listing on the London Stock Exchange (LSE) seems most likely. Q earnings season is in full swing, and while the broader market remains bullish, sector-specific trends are starting to take shape.

Improvement seen at the end of 2024 now seems an anomaly as LVMH’s key fashion and leather goods business, home to the Louis Vuitton and Dior brands, reverted to 5% sales declines, noted Deutsche Bank. Investors had been hoping the luxury sector would pull out of its slump this year, but trade tensions have raised concerns of a global recession. Learn about fusion energy and some of the top companies investing in this potentially limitless clean power source. Some of its projects have also led to protests, with the Dakota Access Pipeline being one of the more prominent examples.

Top Oil Companies Investing In Renewable Energy

However, news of Chinese AI company DeepSeek then caused its value to drop by $589 billion in a single day, the largest one-day loss in Wall Street history. The list of top companies by market cap can change as frequently changing stock prices influence it. These changes can occur daily, and the list can look quite different from year to year. In the ever-evolving landscape of the global economy, the top companies by market cap have become a subject of interest for investors, market enthusiasts, and even casual observers. In this article, you will find a complete summary of the top 10 companies by market capitalisation in 2025, offering a glimpse into their sectors. Saudi Arabian Oil, also known as Saudi Aramco, is a state-owned oil company.

The company has always been a leader in making stand-alone GPUs; its GPUs or graphics processing units are integral for generative AI platforms like OpenAI’s ChatGPT and Google’s Bard. It’s Apple, of course—the enterprise has taken the tech world by storm for decades. Ten companies on LinkedIn’s list of 50 were also named to Glassdoor’s Best Places to Work 2025 list, including Nvidia, Apple, and Google/Alphabet.