Corporate Financialization

Appendix Five years later

Most of the data we used in this book were frozen in December 2017. Now, in 2022, almost five years later, we would like to know what the current situation of these companies is like. The ten largest companies by market capitalization analyzed by us, whose table was presented in the introduction and whose reference year and month were December 2017, are now no longer the same. Five years later, ExxonMobil, Johnson & Johnson, JPMorgan Chase & Co, and Tencent Holdings are no longer on the list of the top ten companies by market capitalization in which they appeared in 2017. Instead, we find Saudi Arabian Oil Co., also known as Saudi Aramco, an oil company valued at US$ 2.4 trillion in market capitalization, ranking second ...