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ICBC takes over Exxon Mobil's title as biggest company

Apr 18. 2013
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By The Nation

3,093 Viewed

Chinese bank ICBC unseats Exxon Mobil as the world's biggest company and takes the number one spot for the first time. Another Chinese bank, China Construction Bank, moves up 11 spots to No. 2 on the list. Also in the top five are JPMorgan Chase, GE and

 

In total, the Global 2000 companies now account for $38 trillion in revenues (up 6 per cent), $2.43 trillion in profits (down  7 per cent), $159 trillion in assets (up 7 per cent) and $39 trillion in market value (up 7 per cent).  These firms also employ 87 million people worldwide. All metrics are up from a year ago, except for profits.
 
This year’s list again reveals the dynamism of global business. There are 543 members from the US, 19 more firms than last year, bucking its declining presence since 2004 and registering its highest total since 2009. Japan (251 members) again has the second biggest presence on our list despite losing seven more members from last year. Mainland China (136 members) checks in as the third largest country in terms of membership with same number of firms from a year ago.  
This is the first year since 2004 that China has not increased its number of Global 2000 companies. There are eleven countries with only one firm, including New Zealand, the Czech Republic and Vietnam.
 

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