In this article we are going to list the 5 biggest California companies and stocks. For a detailed coverage of this topic and a more comprehensive list please take a look at the 25 Biggest California Companies and Stocks.
5. Wells Fargo & Company (NYSE:WFC)
Total revenue (in billions): $82.4
Market cap as at 6th Jan 2023 (in billions): $161.6
The biggest bank in California is among the biggest California companies and stocks in Wells Fargo & Company (NYSE:WFC). Wells Fargo & Company (NYSE:WFC) currently has over 250,000 employees. In the past year, Wells Fargo & Company (NYSE:WFC) lost around 20% of its total value.
4. Meta Platforms, Inc. (NASDAQ:META)
Total revenue (in billions): $117.9
Market cap as at 6th Jan 2023 (in billions): $337.4
Meta Platforms, Inc. (NASDAQ:META) might not be among the biggest companies in the world anymore, it is still among the most influential companies considering that it owns social media platforms such as Facebook and Instagram. Even in a year which has been devastating to tech stocks, Meta Platforms, Inc. (NASDAQ:META) has performed exceptionally badly, losing more than 60% in value in the last year. A lot of this is because of the initial failure of the metaverse which is what Meta Platforms, Inc. (NASDAQ:META) has pivoted towards.
3. Chevron Corporation (NYSE:CVX)
Total revenue (in billions): $162.5
Market cap as at 6th Jan 2023 (in billions): $338.9
One of the largest oil companies in the world, Chevron Corporation (NYSE:CVX) currently has a presence in more than 180 countries and has over 40,000 employees globally. Rising energy promises has resulted in oil companies posting record revenues and profits which in turn has been very beneficial to its share price, which has increased by over 43% in the last year. Chevron Corporation (NYSE:CVX) has continued to invest in new energy sources while significantly increasing its capital investments by more than 50%.
2. Alphabet Inc. (NASDAQ:GOOG)
Total revenue (in billions): $257.6
Market cap as at 6th Jan 2023 (in billions): $1,108
Some of the biggest companies in California are also some of the most popular companies globally and Alphabet Inc. (NASDAQ:GOOG) is no exception. Among the biggest tech companies in the world, Alphabet Inc. (NASDAQ:GOOG) has faced a tough 2022, losing more than 37% in what has been a terrible year for tech stocks.
1. Apple Inc. (NASDAQ:AAPL)
Total revenue (in billions): $365.8
Market cap as at 6th Jan 2023 (in billions): $2,066
Easily topping the list of the 25 biggest California companies and stocks is Apple Inc. (NASDAQ:AAPL), which is the most valuable company in the world and among the top 10 companies globally by revenue. Apple Inc. (NASDAQ:AAPL) is the only company with a valuation of over $2 trillion globally, despite losing around a quarter of their stock value over 2022.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 15 Most Widely Held Stocks by Individuals and 15 Most Influential Companies to Invest in.
