Rank Company Country Sales Profits Assets

Market
Value
1

1PMorgan
Chase
United
States
$115.5 B $17.4 B $2,117.6 B $182.2 B
2

HSBC
Holdings
United
Kingdom
$103.3 B $13.3 B $2,467.9 B $186.5 B
3

General
Electric
United
States
$150.2 B $11.6 B $751.2 B $216.2 B
4

ExxonMobil
United
States
$341.6 B $30.5 B $302.5 B $407.2 B
5

Royal Dutch
Shell
Netherlands $369.1 B $20.1 B $317.2 B $212.9 B
6

PetroChina
China $222.3 B $21.2 B $251.3 B $320.8 B
7

ICBC
China $69.2 B $18.8 B $1,723.5 B $239.5 B
8

Berkshire
Hathaway
United
States
$136.2B $13 B $372.2 B $211 B
8

Petrobras-
Petrleo Brasil
Brazil $121.3B $21.2B $313.2 B $238.8 B
10

Citigroup
United
States
$111.5B $10.6B $1,913.9B $132.8 B
11

BNP Paribas
France $130.4B $10.5B $2,680.7B $88 B
11

Wells Fargo
United
States
$93.2 B $12.4B $1,258.1B $170.6 B
13

Banco
Spain $109.7B $12.8B $1,570.6B $94.7 B
Santander
14

AT&T
United
States
$124.3B $19.9B $268.5 B $168.2 B
15

Gazprom
Russia $98.7 B $25.7B $275.9 B $172.9 B
16

Chevron
United
States
$189.6B $19 B $184.8 B $200.6 B
17

China
Construction
Bank
China $58.2 B $15.6B $1,408 B $224.8 B
18

Wal-Mart
Stores
United
States
$421.8B $16.4B $180.7 B $187.3 B
19

Total
France $188.1B $14.2B $192.8 B $138 B
20

Germany $142.9B $6.7 B $838.4 B $62.7 B
Allianz
21

Bank of China
China $49.4 B $11.9B $1,277.8B $143 B
22

ConocoPhillips
United
States
$175.8B $11.4B $156.3 B $109.1 B
22

Sinopec-China
Petroleum
China $284.8B $10.9B $148.7 B $107.7 B
24

Volkswagen
Group
Germany $168.3B $9.1 B $267.5 B $70.3 B
25

Agricultural
Bank of China

China $49.4 B $9.5 B $1,298.2B $134 B




)PMorgan Cbase
At a Glance
O ndustry: Major Banks
O Founded: 1823
O Country: &nited States
O CEO: 1ames Dimon
O Employees: 239,831
O Sales: 115.48 B
Forbes Lists
#1 Global 2000
O 31 in Sales
O 13 in ProIit
O 11 in Assets
O 18 in Market value
C oldings
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry Dn|ted k|ngdom
O tuart Gu|||ver
O yees
O fes 8
[^Tes lists
#2 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
eneral Electric
At o 6lonce
O lndusLry ong|omerates
O unded
O unLry Dn|ted tates
O effrey Imme|t
O yees
O fes 8
[^Tes lists
#3 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
ExxonMobil
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry Dn|ted tates
O ex 1|||erson
O yees
O fes 8
[^Tes lists
#4 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
oyal Dutcb bell
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry -ether|ands
O 9eter Voser
O yees
O fes 8
[^Tes lists
#3 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
PetroCbina
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry h|na
O ||ng 2hou
O yees
O fes 8
[^Tes lists
#6 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
CC
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry h|na
O ka|sheng ang
O yees
O fes 8
[^Tes lists
#7 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
erksbire atbaway
At o 6lonce
O lndusLry Investment erv|ces
O unded
O unLry Dn|ted tates
O Jarren 8uffett
O yees
O fes 8
[^Tes lists
#8 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue

Petrobras-Petrleo rasil
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry 8raz||
O os erg|o Gabr|e||| de Azevedo
O yees
O fes 8
[^Tes lists
#8 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
Citigroup
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry Dn|ted tates
O V|kram 9and|t
O yees
O fes 8
[^Tes lists
#10 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
P Paribas
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry rance
O M 8audou|n 9rot
O yees
O fes 8
[^Tes lists
#11 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
ells Fargo
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry Dn|ted tates
O ohn tumf
O yees
O fes 8
[^Tes lists
#11 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
anco antander
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry a|n
O A|fredo henz Abad
O yees
O fes 8
[^Tes lists
#13 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue

At o 6lonce
O lndusLry 1e|ecommun|cat|ons serv|ces
O unded
O unLry Dn|ted tates
O anda|| tehenson
O yees
O fes 8
[^Tes lists
#14 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
azprom
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry uss|a
O A|exe| M|||er
O yees
O fes 8
[^Tes lists
#13 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
Cbevron
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry Dn|ted tates
O ohn Jatson
O yees
O fes 8
[^Tes lists
#16 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
Cbina Construction ank
At o 6lonce
O lndusLry eg|ona| 8anks
O unded
O unLry h|na
O |anguo 2hang
O yees
O fes 8
[^Tes lists
#17 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
al-Mart tores
At o 6lonce
O lndusLry |scount tores
O unded
O unLry Dn|ted tates
O M|chae| uke
O yees
O fes 8
[^Tes lists
#18 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
otal
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry rance
O hr|stohe de Marger|e
O yees
O fes 8
[^Tes lists
#19 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue

llianz
At o 6lonce
O lndusLry |vers|f|ed Insurance
O unded
O unLry Germany
O M|chae| |ekmann
O yees
O fes 8
[^Tes lists
#20 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
ank of Cbina
At o 6lonce
O lndusLry Ma[or 8anks
O unded
O unLry h|na
O |hu| |
O yees
O fes 8
[^Tes lists
#21 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
ConocoPbillips
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry Dn|ted tates
O ames Mu|va
O yees
O fes 8
[^Tes lists
#22 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
inopec-Cbina Petroleum
At o 6lonce
O lndusLry || Gas erat|ons
O unded
O unLry h|na
O hu||n u
O yees
O fes 8
[^Tes lists
#22 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
olkswagen roup
At o 6lonce
O lndusLry Auto 1ruck Manufacturers
O unded
O unLry Germany
O Mart|n J|nterkorn
O yees
O fes 8
[^Tes lists
#24 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue
gricultural ank of Cbina
At o 6lonce
O lndusLry eg|ona| 8anks
O unded
O unLry h|na
O unbo k|ang
O yees
O fes 8
[^Tes lists
#23 Cf 2000
O ln fes
O ln rlL
O ln AsseLs
O ln MfrkeL vfue


lobal Metbodology
ow we cruncb tbe numbers.

e compile our Global 2000 list by screening nteractive Data, Thomson Reuters Fundamentals
and orldscope databases via FactSet Research Systems Ior companies that were publicly
trading as oI March 11, 2011. Using these databases as our primary sources oI data, we screen
Ior the biggest companies in Iour metrics; sales, proIits, assets and market value. Our market
value calculation is as oI March 11 closing prices, including all common shares outstanding.
All Iigures are consolidated and in U.S. dollars. For companies in the U.S., Canada and oII-shore
(such as Bermuda) we use the latest-12-months' Iinancial data (sales, proIits and assets). For
international companies we use the latest-Iiscal-year Iinancial data. e rely heavily on the
databases Ior all data, as well as the latest Iinancial period available Ior our rankings (the Iinal
database screen was run in mid-March). Many Iactors play into which Iinancial period oI data is
available Ior the companies and used in our rankings: the timeliness oI our data
collection/screening and company reporting policies, country-speciIic reporting policies and the
lag time between when a company releases its Iinancial data and when the databases capture it
Ior screening/ranking. e quality-check the downloaded Iinancial data to the best oI our ability
using other data sources, including Bloomberg and available company Iinancial statements.
e Iirst create Iour separate lists oI the 2000 biggest companies in each oI the metrics: sales
2000, proIits 2000, assets 2000 and market value 2000. Each oI the 2000 lists has a minimum
cutoII value in order Ior a company to qualiIy: sales oI $3.3 billion, proIits oI $207.9 million,
assets oI $6.59 billion and market value oI $4.14 billion. A company needs to qualiIy Ior at least
one oI the lists in order to be eligible Ior the Iinal Global 2000 ranking. This year 3,400
companies were needed to Iill out the Iour lists oI 2000, each company qualiIying Ior at least one
oI the lists. Each company receives a separate score Ior each metric based on where it ranks on
the metric's 2000 list. I a company ranks below any metric's 2000 list cut-oII (see above
minimum cut-oII values), it receives a zero score Ior that metric. e add up the scores Ior all
Iour metrics (equally weighted) and compile a composite score Ior each company based on their
rankings Ior sales, proIits, assets and market value. e sort the companies in descending order
by the highest composite score and then apply our Forbes Global 2000 rank. The highest
composite score gets the highest rank.
Publicly traded subsidiaries Ior which the parent company consolidates Iigures are excluded
Irom our list. For most countries, the accounting rule Ior the consolidation oI a subsidiary is
when the parent's ownership (control) oI the subsidiary's stock is more than 50. Some countries
accounting rules allow Ior the consolidation oI a subsidiary at less than 50 ownership.