There has been a fair amount of business press lately about the nationalization vs globalization moves of large companies. Are these large companies really global giants?

To look at where some of these firms get their revenue, we examined 10 of the largest US companies and looked at the % of revenue coming from international markets.  The 10 companies and their % of international revenue are:

  • Wal-Mart = 26%
  • Exxon Mobil = 69%
  • General Electric = 47%
  • Bank of America = 20%
  • AT&T = 1%
  • Ford Motor = 49%
  • Hewlett Packard = 65%
  • McKesson = 9%
  • Procter & Gamble = 62%
  • Archer Daniels Midland = 42%

Together, they represent over $1.7 trillion in annual revenue. 40% of their revenue ($729 billion) came from markets outside the US.

At the top end, Exxon generates nearly 70% of their revenue internationally while AT&T is mostly an American company at this point with less than 5% coming from international markets.

So, in these cases, a US company is not necessarily so. They may be headquartered on a certain country but they are increasingly global as markets around the globe mature and develop their economies.  Going forward we will look at similar analysis of companies that are headquartered in other countries.