American Stocks Dominate Global Equities

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By Trey Thoelcke Published
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More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest of the world as the global economy has rebounded.

Apple Inc. (NASDAQ: AAPL), International Business Machines Corp. (NYSE: IBM) and Wells Fargo & Co. (NYSE: WFC) are among the U.S. companies that have joined the top 20 since stocks peaked in 2007, bringing the number to 14.

Earnings at the American companies new to the list rose 40% during the past four years. The 14 largest U.S. companies together earned $248.4 billion in the past 12 months, and their market value climbed to $3.57 trillion, which is about the size of Germany’s gross domestic product in 2011.

PetroChina Co. Ltd. (NYSE: PTR), formerly at the top of the list, has dropped to number four with a market capitalization of $251.7 billion. Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), the second-biggest company, is valued at $406.4 billion. Apple became the most valuable company ever as the stock rose to $668.87 on August 22, giving the iPhone and iPad maker a value of $627 billion.

The number of Chinese companies has since fallen from six to three amid the weakest Chinese growth since 2009. Those from Brazil, Russia, the United Kingdom and France have fallen from the top 20. American companies have gained strength also in part because of Europe’s sovereign debt crisis.

Chevron Corp. (NYSE: CVX), Wal-Mart Stores Inc. (NYSE: WMT), Johnson & Johnson (NYSE: JNJ) and Pfizer Inc. (NYSE: PFE) also rose to the top 20 largest companies.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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