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Named: The world’s most powerful company

by: IFAonline
  • 21/04/2011
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Financials dominate Forbes 2010 list of the biggest, most powerful companies in the world after a year of stellar performance and eye-watering profits.

No. 1: JPMorgan Chase (US)

Industry: Banking

Ranked 16th last year, JPMorgan Chase is now the world’s largest company, based on its composite score for sales, profits, assets and market value.

Sales $115.63bn Profits $11.65bn Assets $2,031.99bn Market value $166.19bn

No. 2: General Electric (US)

Industry: Conglomerates

After a one-year reign as the world’s largest company, General Electric fell to the second spot on our list as sales, earnings and assets declined over the past year.

Sales $156.78bn Profits $11.03bn Assets $781.82bn Market value $169.65bn

No. 3: Bank of America (US)

Industry: Banking

The 2009 acquisition of Merrill Lynch helped Bank of America jump from 38th last year to No. 3 in our Global 2000 ranking.

Sales $150.45bn Profits $6.28bn Assets $2,223.30bn Market value $167.63bn

No. 4: ExxonMobil (US)

Industry: Oil and gas operations

Despite a decline in both sales and earnings in the past year, ExxonMobil stayed at the No. 4 spot on our list.

Sales $275.56bn Profits $19.28bn Assets $233.32bn Market value $308.77bn

No. 5: ICBC (China)

Industry: Banking

Industrial and Commercial Bank of China is one of four Chinese companies among the top 25 in the Global 2000.

Sales $71.86bn Profits $16.27bn Assets $1,428.46bn Market value $242.23bn

No. 6: Banco Santander (Spain)

Industry: Banking

Over the past year, a 115% gain in market value helped move this Spanish bank from the ninth spot to sixth overall on this year’s Global 2000.

Sales $109.57bn Profits $12.34bn Assets $1,438.68bn Market value $107.12bn

No. 7: Wells Fargo (US)

Industry: Banking

A full year of Wachovia’s operations (acquired in December 2008) helped Wells Fargo reach record figures in both sales and profits in 2009.

Sales $98.64bn Profits $12.28bn Assets $1,243.65bn Market value $141.69bn

No. 8 (tie): HSBC Holdings (UK)

Industry: Banking

This international banking giant moved up two spots to tie petroleum giant Royal Dutch Shell for eighth position this year.

Sales $103.74bn Profits $5.83bn Assets $2,355.83bn Market value $178.27bn

No. 8 (tie): Royal Dutch Shell (Netherlands)

Industry: Oil and gas operations

Ranked No. 2 in 2009. Declines in sales and profits pushed this integrated oil company lower in our Global 2000 composite ranking this year.

Sales $278.19bn Profits $12.52bn Assets $287.64bn Market value $168.63bn

No. 10: BP (UK)

Industry: Oil and gas operations

This U.K. petroleum giant is 10th in our Global 2000 composite ranking, falling five spots from last year.

Sales $239.27bn Profits $16.58bn Assets $235.45bn Market value $167.13bn

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