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The S&P 500 Index is down an incredible 45.52% year-to-date. The Financials within the index are down even more. The fall in stock prices has wiped out trillions of dollars in shareholder value.

Last month the British Economist Fred Harrison, widely known as the 'Prophet of Doom', predicted that "The massive contraction in demand caused by this ‘wealth effect’ will condemn the western economy to a decade-long depression,” and added that US$45 trillion will be wiped out globally.

Considering the current situation in the equity markets world-wide, have you wondered how many companies that are listed on the New York Stock Exchange still have market capitalizations of more than $100B? I ran the stock screener below to find out.

Companies with Market Cap. of > $100B:

Company Ticker Market Capitalization Industry
BP plc (ADR) BP $128.0B Oil & Gas - Integrated
Berkshire Hathaway Inc. BRK.A $139.4B Insurance
China Mobile Ltd. (ADR) CHL $180.0B Communications Services
Chevron Corporation CVX $133.2B Oil & Gas - Integrated
General Electric Company GE $139.1B Conglomerates
HSBC Holdings plc (ADR) HBC $114.2B Banking
Johnson & Johnson JNJ $152.5B Drugs
The Coca-Cola Company KO $101.7B Beverages
Pfizer Inc. PFE $104.9B Drugs
The Procter & Gamble Company PG $178.2B Personal & Household Prods.
PetroChina Company Limited (ADR) PTR $136.4B Oil & Gas - Integrated
Royal Dutch Shell plc (ADR) RDS.A $142.4B Oil & Gas - Integrated
AT&T Inc. T $139.6B Communications Services
TOTAL S.A. (ADR) TOT $108.1B Oil & Gas - Integrated
Wal-Mart Stores, Inc. WMT $202.4B Discount Retail
Exxon Mobil Corporation XOM $384.8B Oil & Gas - Integrated

Note: All data is based on Nov 21 closing prices.

Analysis:

  • Only 16 companies in NYSE have market caps of > $100B.
  • The US leads the list with 10 companies.
  • Due to high oil prices in the past, six of the top integrated oil firms have made it to this list.
  • Exxon Mobile (XOM) is the largest company with a market cap of $384.0B.
  • None of the US financials are on this list as their stocks have fallen dramatically over the past few months.
  • HBC of the UK is the only global financial and seems to weathered this credit crisis better than others.
  • Citigroup (C), which had a market cap of $123.0B back in April and made it to Forbes’ “Global 2000″ list, now is worth only $20.0B.
  • GE had a market cap of $330.0B in April compared to just $139.0B now.
  • As the current recession worsens, WalMart (WMT) will have higher revenue as folks look for cheaper products.

With about six weeks to go in 2008, it will be interesting to see how this list changes by the end of the year.