Press Room | HSBC

 

HSBC Tops Forbes 2000 List of World's Largest Companies

3 April 2008

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.

In total, Forbes 2000 companies now account for US$30 trillion in revenues, 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 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 revenues, of US$3.76 trillion, and take second place in total profits, of US$386 billion. The U.S. still dominates in terms of geography but its influence is on the decline with 61 fewer entries than last year. In contrast, China, India and Brazil are rapidly adding companies to the list.

The largest non banking sector company featured this year is General Electric which placed second. Bank of America placed third while last year’s leading company, Citigroup, placed 24th.

Media Contacts

Media Relations Contacts

The contacts listed here are for media-related inquiries only. For customer service, please visit "Contact HSBC.”

Have a question?

Call our Customer Relationship Center
800.975.4722

Monday - Sunday 7:00am - 12:00am ET
Automated banking available 24/7
Lost Stolen 24/7

TTY: 800.898.5999
Monday - Sunday 7:00am - 12:00am ET

†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE
Go to Top