The FT 500

The Financial TImes of London does a Ranking of companies worldwide based on shareholder value (number of shares outstanding times price). At June 30 the rankings were as follows:

#1 - Exxon Mobil (of the first five - three are Oil and Gas companies including Petro China which was not on the list in 2007 and Gazprom)
#7 - Microsoft (which dropped from #3)
#8 - AT&T (China Mobile is #5 - where AT&T was in 2007, Telefonica - whose focus is fixed line is at #35) (Verizon is way down the list)
#10 & 11 - Procter and Gamble and WalMart
#13 - Berkshire Hathaway (Up from 20 and the first insurance company)
#23- Bank of America (The first bank is Chinese at #6 and then another at #20) B 0f A dropped from #8 in 2007
#24 - Roche - (the first American pharmaceutical - is Johnson and Johnson at #17 or for a pure play Pfizer at #33)
#27 - IBM (Up from #31)
#39 - Apple (Up from #85 in 2007)
#42 - Intel (up from #46 in 2007)
#48 - HP (Same in 2007)
#53 - Citigroup (Down from #4)
#56 - Google (down from #51)
#500 is Henkel - the household goodies company.

This sort of gives you a picture of who is moving and who is not. But I suspect that if oil continues its decline in price that next year Exxon will not be in the number one spot.