Airtel, MTN tops list of most valuable companies in Nigeria after Q1 2023

With the year coming to a close, it remains to be seen whether the world’s biggest companies stage a comeback in 2023, or face more challenging conditions ahead. In May, the state-run company briefly became the most valuable company on the planet as soaring energy prices boosted earnings. Saudia Arabia is the largest exporter of oil in the world, and the country’s economy is forecast to grow 7.6% in 2022—one of the fastest globally.

It could also mean that they are more mature companies with fewer growth prospects. The global EY organization refers to all member firms of Ernst & Young Global Limited (EYG). Each EYG member firm is a separate legal entity and has no liability for another such entity’s acts or omissions. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

Markets

Among the world’s biggest companies, 20 are in tech, spanning a combined market value of $9.2 trillion. For perspective, that’s about 31% of the market value of the 100 largest companies. Taken together, many of the world’s largest companies experienced sharp declines in market share.

What once was the Chemical Bank forms the core of today’s JPMorgan Chase. JPMorgan Chase retains Chemical Bank’s pre-1996 stock price history, as well as its old headquarters. This Chinese giant, founded in 1998, occupies the 9th position in the ranking of the most expensive companies worldwide. Visa is the second-largest payment system in the world based on issued cards and transaction data. Tesla was founded in 2003 by Martin Eberhard and Mark Tarpenning, and Elon Musk became the main investor of the company and the chairman of the board of directors only in 2004.

Apple

Tech companies dominate the top of the stock market, but there are also other sectors represented, including oil, insurance, medical companies, and luxury brands. Read on to see the biggest companies and where they stand as of March 2023. While many people are interested in ranking companies by market value (market cap), the top companies by revenue differ somewhat. This could be because they are more capital-intensive and have lower profit margins.

It is one of the largest banks in the United States and one of the largest financial institutions in the world. The company provides a range of financial products and services, including retail and commercial banking, asset and wealth management, and investment banking. Procter & Gamble (P&G) is a multinational consumer goods company headquartered in Cincinnati, Ohio. NVIDIA Corp. (NVDA) is a technology company specializing in designing and manufacturing graphics processing units (GPUs) and other related products.

EY Market Capitalization December 2022

Moreover, the company is a leader in this TOP 10 list in terms of profitability, since its net profit increased by almost 56% within the past year alone. Its share price of $453,066 that makes it the world’s most expensive stock. Still, being considered one of the world’s leaders in oil production and reserves, the company is surely on its way back to the very top of the most valuable companies.

• The company is known for its efficient operations and strong financial performance and is a key contributor to the Saudi Arabian economy.
• Today, Apple stands as the world’s most valuable company, towering at a $2.3 trillion valuation.
• According to Forbes, the world’s largest companies are determined by their market cap value.
• Tencent is a venture company, a conglomerate, an investment holding, and one of the largest companies in the gaming industry.

The company provides a range of integrated circuits (ICs) and other related products and services for customers in various industries, including consumer electronics, automotive, communications, and computing. Meta Platforms is a technology company that owns and operates several digital platforms, including Facebook, the world’s largest social media network. In addition to Facebook, the company offers Instagram, a photo-sharing app; Messenger and WhatsApp, two separate messaging apps; and Facebook Reality Labs, which develops augmented and virtual reality products.

Largest Companies by Market Cap

Aside from its search engine and other web-based products, Google also offers Android operating systems, Google Home smart speakers, and Google Pixel smartphones. With a history of introducing innovative products and technologies, Alphabet Inc. is known for its strong R&D efforts. The company continues to drive growth and success through its diverse portfolio of products and services. Apple designs, manufactures, and markets a broad range of consumer technology products, including smartphones, personal computers, tablets, wearable devices, home entertainment devices, and more. Some of its most popular products include its iPhone smartphones and Mac computers.

This Financial Times–based list is up to data as of December 31, 2020[update]. This ranking was compiled with a methodology based on market value at the end of March 2023. The 250th position in the rankings was achieved with $394 million in 2018, but that figure fell this year to the $229 million valuation of Cleopatra Hospital in Egypt. most valuable companies African Business has released its annual ranking of Africa’s top 250 listed companies, which indicates that these firms continue to face challenging business conditions. Despite some signs of diversification in the make-up of Africa’s corporate giants, the bounce-back from the first phase of the COVID-19 pandemic has not been sustained.

Largest Companies by Market Cap Today (TOP 50 LIST)

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. This Financial Times–based list https://investmentsanalysis.info/ is up to date as of December 31, 2014[update]. This Financial Times–based list is up to date as of December 31, 2015[update].

These are the results of an analysis by the auditing and consulting firm EY, which examines the market capitalization of the highest valued companies worldwide every six months. The deadline for this analysis is 27 December 2022 after the close of trading. The largest company in the world can fluctuate day to day, even minute by minute, depending what measurement is used.