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Two thousand giants

31 March 2007
Written by: webmaster Posted under Globalization

Forbes has published the list of the largest companies of the world
Magazine Forbes has published a rating of the largest public corporations of world Global 2000. Unlike other similar lists the magazine considered not only capitalization of the companies, but also their actives, a sales volume and profit. American Citigroup and Bank of America have appeared the best in the world (on the sum of the given parameters).
In ten the largest companies of the world only four companies are not from the USA: “the bronze prize-winner” HSBC Holdings from the Great Britain, Dutch Royal Dutch Shell and ING Group (8 and 10 places accordingly), and also Swiss UBS are among this list. Chinese PetroChina - the best company from developing countries - has borrowed 41 place of this list.
The first hundred of the greatest companies of the world almost completely consists of the financial organizations and oil-and-gas corporations. General ElectricGeneral Electric is the only exception of this rule. Though this company has also financial division, the basic kind of its activity relies in mechanical engineering.
If to compare research of the Forbes to the list of the largest companies on market capitalization (for example with the last FT-500 list), some essential differences will be quite evident.
According to the Forbes the first places are occupied by banks, financial groups’ insurers, and according to the FT-500’s gradation - the first positions are mainly occupied by oil-and-gas companies. This shows that the magazine considers actives of corporations. At banks the given parameter is traditionally very high (due to the huge accounts of clients, including oil-and-gas companies’ accumulations).
 




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