Ranked by market value as of June 30, 1998, as determined by Dow Jones Indexes (In millions of U.S. dollars; financial data at December 31, 1997, exchange rates; percentage changes based on home currencies)
Rank
|
Rank
|
Company (Country) |
Market Value |
Fiscal 1997 Sales |
Percent Change From 1996 |
Fiscal 1997 Profit |
Percent Change From1996 |
| 1 | 1 | American International Group (U.S.)2 | $296,073 | $90,840 | 15% | $8,203 | 13% |
| 2 | 6 | Microsoft (U.S. | 267,044 | 14,484 | 28 | 4,490 | 30 |
| 3 | 3 | Coca-Cola (U.S.) | 211,129 | 18,868 | 2 | 4,129 | 18 |
| 4 | 2 | Royal Dutch/Shell (Netherlands/U.K.) | 187,763 | 171,657 | 0 | 7,753 | -13 |
| 5 | 5 | Exxon (U.S.) | 174,640 | 120,279 | 3 | 8,460 | 13 |
| 6 | 7 | Merck (U.S.) | 159,866 | 23,637 | 19 | 4,614 | 19 |
| 7 | 18 | Pfizer (U.S.) | 141,906 | 12,504 | 11 | 2,213 | 15 |
| 8 | 19 | Wal-Mart Stores (U.S.) | 136,069 | 117,958 | 12 | 3,526 | 15 |
| 9 | 4 | Nippon Telegraph &Telephone (Japan) | 131,863 | 72,381 | 7 | 2,220 | 93 |
| 10 | 8 | Intel (U.S.) | 125,716 | 25,070 | 20 | 6,945 | 35 |
| 11 | 12 | Procter & Gamble (U.S.) | 122,114 | 37,154 | 4 | 3,780 | 11 |
| 12 | 17 | Bristol-Myers Squibb (U.S.) | 114,397 | 16,701 | 11 | 3,205 | 12 |
| 13 | 49 | Lucent Technologies (U.S.)1 | 109,140 | 26,360 | 13 | 541 | N.A. |
| 14 | 27 | Berkshire Hathaway (U.S.) | 108,664 | 10,430 | -1 | 1,902 | -24 |
| 15 | 14 | IBM (U.S.) | 108,257 | 78,508 | 3 | 6,093 | 12 |
| 16 | 20 | Glaxo Wellcome (U.K.) | 107,944 | 13,194 | -4 | 3,059 | -7 |
| 17 | 11 | Novartis (Switzerland) | 102,698 | 21,315 | -14 | 3,562 | 126 |
| 18 | 23 | American International Group (U.S.)2 | 102,147 | 30,602 | 10 | 3,332 | 15 |
| 19 | 15 | Johnson & Johnson (U.S.) | 99,505 | 22,629 | 5 | 3,303 | 14 |
| 20 | 9 | Toyota Motor (Japan) | 98,730 | 89,449 | -5 | 3,480 | 18 |
| 21 | 10 | Philip Morris (U.S.) | 95,656 | 72,055 | 4 | 6,310 | 0 |
| 22 | 56 | Cisco Systems (U.S.) | 95,427 | 6,440 | 57 | 1,049 | 15 |
| 23 | 30 | AT&T (U.S.) | 92,782 | 51,319 | 2 | 4,638 | -21 |
| 24 | 29 | Unilever Group (Netherlands/U.K.) | 85,502 | 48,721 | -7 | 5,568 | 122 |
| 25 | 22 | British Petroleum (U.K.) | 84,896 | 71,858 | 3 | 4,084 | -3 |
| 26 | 21 | DuPont (U.S.) | 84,286 | 45,079 | 3 | 2,405 | -34 |
| 27 | 37 | Nestle (Switzerland) | 84,074 | 47,851 | 16 | 2,738 | 18 |
| 28 | 43 | Allianz (Germany)3 | 80,191 | 41,578 | 16 | 1,129 | 23 |
| 29 | - | UBS (Switzerland)4 | 79,452 | 742,673 | N.A. | -456 | N.A. |
| 30 | 46 | British Telecommunications (U.K.) | 79,172 | 25,860 | 5 | 2,821 | -18 |
| 31 | 33 | Lloyds TSB Group (U.K.) | 75,931 | 228,214 | 7 | 3,884 | 37 |
| 32 | 24 | Deutsche Telekom (Germany) | 75,270 | 37,545 | 7 | 1,836 | 88 |
| 33 | 31 | SBC Communications (U.S.) | 73,554 | 24,856 | 6 | 1,474 | 55 |
| 34 | 47 | NationsBank (U.S.) | 73,458 | 264,562 | 42 | 3,077 | 30 |
| 35 | 25 | Eli Lilly (U.S.) | 73,367 | 8,518 | 16 | -385 | N.A. |
| 36 | 35 | Walt Disney (U.S.) | 71,625 | 22,473 | 20 | 1,966 | 62 |
| 37 | 54 | Ford Motor (U.S.) | 71,566 | 153,627 | 5 | 6,920 | 56 |
| 38 | 81 | Bell Atlantic (U.S.)5 | 70,827 | 30,194 | 4 | 2,455 | -28 |
| 39 | 67 | Travelers Group (U.S.) | 69,722 | 386,555 | 12 | 3,104 | 33 |
| 40 | - | France Telecom (France) | 68,800 | 26,057 | 4 | 2,471 | 3 |
| 41 | 16 | Roche Holding (Switzerland) | 68,757 | 12,829 | 18 | -1,573 | N.A. |
| 42 | 41 | SmithKline Beecham (U.K.) | 67,964 | 12,889 | -2 | 1,863 | 5 |
| 43 | 42 | American Home Products (U.S.) | 67,927 | 14,196 | 1 | 2,043 | 8 |
| 44 | 32 | Citicorp (U.S.) | 67,389 | 310,897 | 11 | 3,611 | -5 |
| 45 | 75 | Schering-Plough (U.S.) | 67,222 | 6,778 | 20 | 1,444 | 19 |
| 46 | - | SAP (Germany) | 66,466 | 3,345 | 62 | 513 | 63 |
| 47 | 50 | BellSouth (U.S.) | 66,460 | 20,561 | 8 | 3,279 | 15 |
| 48 | 36 | HSBC Holdings (U.K.)6 | 66,132 | 473,434 | 21 | 5,547 | 8 |
| 49 | 38 | Gillette (U.S.) | 63,894 | 10,062 | 4 | 1,427 | 50 |
| 50 | 65 | Chase Manhattan (U.S.) | 63,742 | 365,521 | 9 | 3,782 | 50 |
Rank
|
Rank
|
Company (Country) |
Market Value |
Fiscal 1997 Sales |
Percent Change From 1996 |
Fiscal 1997 Profit |
Percent Change 1996 |
| 51 | 39 | Abbott Laboratories (U.S.) | $63,286 | $11,883 | 8% | $2,094 | 11% |
| 52 | 48 | Fannie Mae (U.S.) | 62,992 | 391,673 | 12 | 3,056 | 12 |
| 53 | 26 | Hewlett-Packard (U.S.) | 62,020 | 42,895 | 12 | 3,119 | 21 |
| 54 | 28 | PepsiCo (U.S.) | 61,413 | 20,917 | 3 | 2,142 | 86 |
| 55 | 78 | Home Depot (U.S.) | 61,033 | 24,156 | 24 | 1,160 | 24 |
| 56 | 73 | ING Group (Netherlands) | 60,078 | 306,222 | 28 | 2,026 | 24 |
| 57 | 34 | Mobil (U.S.) | 59,874 | 53,399 | -25 | 3,272 | 10 |
| 58 | - | Dell Computer (U.S.) | 59,772 | 12,327 | 59 | 944 | 78 |
| 59 | - | Credit Suisse Group (Switzerland)1 | 59,164 | 471,389 | 10 | 714 | N.A. |
| 60 | 51 | BankAmerica (U.S.) | 59,054 | 260,159 | 4 | 3,223 | 12 |
| 61 | - | First Union (U.S.) | 58,444 | 157,274 | 12 | 1,896 | 26 |
| 62 | 76 | Warner-Lambert (U.S.) | 56,851 | 8,180 | 13 | 8704,470 | 11191 |
| 63 | 63 | Daimler-Benz (Germany) | 55,442 | 68,947 | 17 | 4,470 | 191 |
| 64 | - | Morgan Stanley Dean Witter (U.S.) | 54,825 | 302,287 | 27 | 2,586 | 31 |
| 65 | 44 | Chevron (U.S.) | 54,777 | 35,009 | -7 | 3,256 | 25 |
| 66 | 64 | GTE (U.S.) | 53,544 | 23,260 | 9 | 2,794 | 0 |
| 67 | 74 | American Express (U.S.) | 52,455 | 120,003 | 11 | 1,991 | 5 |
| 68 | 52 | ENI (Italy) | 52,280 | 35,609 | 6 | 2,894 | 15 |
| 69 | 70 | Ericsson (Sweden) | 52,131 | 21,133 | 35 | 1,511 | 67 |
| 70 | - | Aegon (Netherlands) | 50,385 | 9,809 | 26 | 1,089 | 41 |
| 71 | - | WorldCom (U.S.)1,7 | 49,991 | 7,351 | 64 | 384 | N.A. |
| 72 | 71 | Ameritech (U.S.) | 49,385 | 15,998 | 7 | 2,296 | 8 |
| 73 | - | Telefonica (Spain) | 47,471 | 15,518 | 18 | 1,248 | 19 |
| 74 | 80 | McDonald's (U.S.) | 47,433 | 11,409 | 7 | 1,643 | 4 |
| 75 | - | Compaq Computer (U.S.) | 47,301 | 24,584 | 23 | 1,855 | 41 |
| 76 | - | Time Warner (U.S.)1 | 45,602 | 13,294 | 32 | 246 | N.A. |
| 77 | 69 | Boeing (U.S.) | 45,025 | 45,800 | 29 | -178 | N.A. |
| 78 | 92 | Deutsche Bank (Germany) | 44,945 | 586,440 | 27 | 823 | -38 |
| 79 | 66 | General Motors (U.S.) | 44,656 | 178,174 | 9 | 6,698 | 35 |
| 80 | 89 | Barclays (U.K.) | 43,531 | 374,383 | 26 | 1,941 | -30 |
| 81 | - | Diageo (U.K.) | 42,326 | 20,304 | -4 | 1,341 | 15 |
| 82 | - | MCI Communications (U.S.)7 | 42,105 | 19,653 | 6 | 209 | -83 |
| 83 | 55 | Munich Re (Germany)8 | 40,929 | 24,678 | 38 | 639 | 64 |
| 84 | 85 | Zeneca Group (U.K.) | 40,743 | 8,588 | -3 | 1,207 | 14 |
| 85 | - | Telecom Italia Mobile (Italy) | 40,486 | 5,347 | 29 | 879 | 67 |
| 86 | 59 | Amoco (U.S.) | 40,064 | 28,490 | -1 | 2,274 | -5 |
| 87 | - | Vodafone Group (U.K.) | 39,154 | 4,084 | 41 | 692 | 15 |
| 88 | - | Banc One (U.S.) | 38,725 | 116,182 | 14 | 1,306 | -9 |
| 89 | - | Telecom Italia (Italy) | 38,576 | 24,210 | 6 | 1,475 | 51 |
| 90 | 90 | Elf Aquitaine (France) | 38,491 | 42,279 | 9 | 931 | -20 |
| 91 | 83 | Allstate (U.S.) | 38,440 | 20,106 | 2 | 3,144 | 51 |
| 92 | 99 | Bayer (Germany) | 37,609 | 30,572 | 13 | 1,635 | 8 |
| 93 | 96 | L'Oreal (France) | 37,503 | 11,491 | 15 | 663 | 14 |
| 94 | - | AXA-UAP (France)9 | 37,384 | 50,543 | N.A. | 131,671 | N.A. |
| 95 | - | Mannesmann (Germany) | 37,234 | 21,730 | 13 | 272 | 28 |
| 96 | 13 | Bank of Tokyo-Mitsubishi (Japan) | 36,861 | 665,627 | 7 | -4,176 | N.A. |
| 97 | - | Swiss Re (Switzerland) | 36,846 | 11,126 | 21 | 1,446 | 45 |
| 98 | - | Tyco International (U.S.) | 36,735 | 6,598 | 30 | 419 | 35 |
| 99 | - | Chrysler (U.S.) | 36,390 | 61,147 | 0 | 2,805 | -21 |
| 100 | 79 | Siemens (Germany) | 35,444 | 59,432 | 14 | 1,331 | -14 |
Notes:
* Net premiums earned are used instead of sales for insurance companies, except where otherwise specified. Assets are used instead of sales for other financial companies and are calculated without contingent liabilities and Treasury stock items.
1. Results for prior year are losses
2. American International Group sales shown equal reported total revenue, net premiums earned totaled $22.35 billion
3. Market value reflects 1998 acquisition of Assurances Generales de France, but sales and profit figures are for Allianz only
4. Figures reflect June merger of Union Bank of Switzerland and Swiss Bank Corp.
5. Figures reflect 1997 acquisition of Nynex
6. Market cap for HSBC Holdings is combined for Hong Kong and U.K.
7. MCI and WorldCom merged on September 14, forming MCI WorldCom Inc.; the companies would have had a combined market value of $92.1 billion on June 30
8. Figures are preliminary, provided by the company; sales shown equal premiums written
9. Figures reflect 1997 merger of AXA and UAP
N.A. - Not available
Rank calculated for Royal Dutch/Shell Group by combining market value of the Netherlands' Royal Dutch Petroleum and Britain's Shell Transport & Trading. Rank calculated for Unilever by combining market value of the Netherlands' Unilever NV and Britain's Unilever PLC. Sales and profits are for combined companies.
Source: The Wall Street Journal Reports. World Business, September 28, 1998, Page R27