Exxon Mobil Corp. is the big dog when it comes to oil and gas, but it’s fallen behind three banks and an energy-based conglomerate on Forbes’ latest list of the world’s biggest public companies.
Irving, Texas-based Exxon Mobil was No. 1 last year.
Forbes bases the rankings on a composite score based on sales, profit, assets and market value. Three of the Top 5 companies are American, two are Chinese:
1. Industrial & Commercial Bank of China
2. China Construction Bank
3. JPMorgan Chase
4. General Electric
5. Exxon Mobil Corp.
You can see Forbes’ full list here.