The first half of the year has come to a close—a traditional milestone for taking stock of markets and companies. Now that these first six months have passed, which company ranks as the largest in Latin America by market capitalization?

ANSWER

Petrobras. The Brazilian state-owned oil company, which is listed on the New York, Madrid, and Brazilian B3 stock exchanges, ranks first, with a market capitalization of $86.113 billion as of June 30. It is followed by the retailer Walmart de México (Walmex), with US$68.815 billion, and the telecommunications company América Móvil. Two companies from the new economy stand out in the top 10 most valuable companies: the e-commerce giant MercadoLibre and Nu Holdings, the parent company of Nubank, Latin America’s largest digital bank.