HSBC tops Forbes 2000 list of world’s largest companies
HSBC has jumped two places to top the latest Forbes 2000 list of the
world’s largest companies, the first time a non-US company has led the
rankings since its launch in 2004. The annual index surveyed blue-chip
firms in 26 industries across 60 countries and ranked them according to
a composite of sales, profits, assets and market value.
HSBC is one of five high performers from the banking industry, having
delivered 26 per cent annual average growth in revenue and 31 per cent
in net income over the past five years.
Forbes 2000 companies now account for US$30 trillion in revenue,
US$2.4 trillion in profits, US$119 trillion in assets and US$39 trillion
in market value. Around the world, these companies employ over 72
million people. Measured by the number of companies, 315, the banking
industry has the biggest presence on the Forbes 2000.
Banking also dominates in assets, with total assets of US$58.3
trillion and profits, US$398 billion. The 123 companies in oil and gas
operations lead all industries in aggregate revenue of US$3.76 trillion,
and take second place in total profits, of US$386 billion.
The US still dominates in terms of geography but its influence is on
the decline with 61 fewer entries than last year. China, India and
Brazil are rapidly adding companies to the list.
The largest non banking sector company featured this year is General
Electric which was placed second, the Bank of America was placed third
while last year’s leading company, Citigroup was placed 24th. |