To get featured in the top 10 list of the richest companies, you must have high revenue. Here, in this blog, you will come to know about 10 richest companies in the world which have earned high revenue. Companies that belong to oil and gas industry mainly ruling in the list. Automobile companies have also acquired positions in the list. Yu will be surprised to know that the richest companies make billions of profit every year and you will be amazed to know how many workers are employed in their companies. So, now let’s have a look at the list of the richest companies in the world.
List of richest companies in the world
1.Walmart
Walmart is one of the top 10 richest company in the world having its headquarter in Arkansas, the United States. Founded in the year 1962, the company first opened its store in this year at Rogers, Arkansas. So, it is more than fifty years that the company is operating in the industry. In fact, the company tops the list in list of the largest companies in the world. Presently, Walmart has more than 11,000 stores across the globe. The company has made its presence in more than 30 countries all over the globe. The company employs more than 3 million workers and nearly about 1.5 million workers belong to the United States alone.
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The company earns approximately 50,000 to 170,000 dollars per year. This company offers higher pays to their employees. The present CEO of this company is Doug McMillan. The name of the head director of this council is Greg Penner. Of the total revenue earned by Walmart, 2.3 billion is invested in education and better wages. Moreover, the company offers advanced training to the employees so they can avail better opportunities and improve their performances.
2. China national Petroleum Corporation
This China National petroleum is a state-owned company in China which mainly deals in gas and oil industry and can be considered as most valuable companies in 2021. The company has also established its trading business in natural gas and petroleum. Founded in the year 1988, the company has its headquarter in Dongcheng District, Beijing, China. The current general manager of this company is Zhang Jianhua who has been appointed in July 2020. As per the reports, Zhang Jianhua has filled the position which remain vacant for near about 16 months. A lot of power struggles took place in the company and presently, the company is in the transitional period. The company is trying to improve its condition by bringing private investors. Petro China is the parent company of CNPC. Now these two companies are operating jointly all over the world.
The company employs more than 1.7 million people. CNPC has successfully established 30 exploration and production projects in a number of countries such as Thailand, Canada, Venezuela and Iran.
3. State Grid Corporation of China
It is the third richest company in the world. It is a state-owned organization which has been founded in the year 2002. Having its headquarter in Xicheng District, Beijing, China, the company has successfully established its network all over the world. The present CEO of the State Grid is Liu Zhenya. It has owned the title of the largest electricity utility center in the world. The company deals with electric power transmission and electric grid. The company itself employs nearly 1.9 million employees. Not only this, the company serves more than 1.1 billion customers all over the world. The corporation supplies its manufactured products to various countries such as Australia, Brazil, Italy, Philippines and so on.
The revenue of this company is around 330 billion dollars in the year 2015. The company is a part of multi-phase smart grid. This is one of the biggest projects of China which took place between the years 2011 to 2015.
4. Sinopec Group
This the fourth richest company in the world. Founded in the year 1998, the Sinopec has its headquarters in Beijing, China. It is a state-owned organization which belongs to oil and gas industry. The company manufactures a number of items such as fuels, petrochemicals, lubricant types of products. Their main market for these products is China.
In the year 2015, the company has made a recorded revenue of 295 billion. The present chairperson of this company is Wang Yupu the company employs more than 80 thousand employees. The subsidiary products of this company are Chemicals and petroleum. In the year 2020, the company transferred the stakes to two vehicle companies of the overseas. With the co-operation of CNPC, the company has earned more than 120 billion dollars between 2009 and 2013.
5. Royal Dutch Shell
Royal Dutch Shell is the fifth richest company in the world. It belong to gas and oil industry. It has also ranked one of the largest companies in the year 2020. The company has been founded in the year 1907 and has been operating in this industry for more than 100 years. Having its headquarter in the Hauge Netherlands, Shell Transport and Royal Dutch petroleum got merged. The present CEO of this company is Ben Van Beurden. The company employs around 90,000 employees and it has appeared in the Global list of richest companies more than 22 times. The company distributes its products all over the world. They export natural gas, petroleum and other petrochemical products.
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The company has successfully established its global network and serving the people across the globe.
6. Volkswagen
This is an automobile manufacturing company. Having its headquarter in Wolfsburg, Germany, the company was founded in the year 1837. It is a brand name in the automotive industry. The company sell their vehicles all over the globe. They manufacture trucks, buses and cars. Volkawagen Group, which is the parent company of Volkswagen is the world’s largest automaker. The present CEO of this company is Mathias Muller. Besides this, it is one of the biggest employers in the world which employs more than 60 lakhs employees. The company has successfully established a global network base and selling its cars in many countries across the world.
7. Apple Inc
It is an Americal technology company which is the 7th richest company in the world. The company was founded in the year 1976 and the founders of this company were Steve Jobs, Ronald Wayne and Steve Wozniak. Having its multiple headquarters in various regions such as California, Cupertino and Apple Campus, the company has nearly about 500 stores in more than 17 countries all over the world. The present CEO of this company is Timothy D. Cook. The products of Apple include iPod, iPad, mac, iOS, iPhone, Apple Watch, Apple TV and so on. Apple Inc is titled as the one of the world’s largest information technology company. The company has largest amount of assets. In fact, it is one of the largest manufacturer of mobile phones. The company employs more than 11 lakh employees.
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The growth of this company has significantly increased over the years. The growing sales of iPod and iPhones fuelled its growth enormously. The arrival of Apple watches have grabbed different reactions from different people. The company has focused its attention on the Indian market. To ensure its future growth, Apple is planning to introduce a new electric masterpiece which will bring tremendous growth in the revenue of the company.
8. Toyota Motors
Toyota is an automobile manufacturing industry having its headquarter in Toyota, japan. The company was founded in the year 1937 by Kiichiro Toyoda. The present CEO of this company is Akio Toyoda. They deal in motor parts and motor vehicles. The company employs more than three lakh employees. The company is the largest manufacturer of automobile parts.
The company is planning to bring diver less cars in the market. It is one of the biggest concern which has encouraged the adoption of hybrid electrical vehicles. It is assumed that electrical vehicles will soon hit the road by the end of 2020.
9. Exxon Mobil
Exxon mobil is said to be the largest oil and gas corporation in the world. Founded in the year 1999, the company has established it’s headquarter in Irving, Texas, the United States. The company emerged after the merger of two companies – Exxon and Mobil. The present CEO and the chairman of this company is Tillerson. The company earned a revenue of around 246 billion dollars in the year 2019. The company employs more than 70 thousand workers. Exxon mobils has established itself in various sectors that include Exxo Australia, Aera Energy, Exxon Neftegas, Mobil and Imperial Oil. Over the years, the company has successfully established a wide network base across the globe. Presently, the company delivers its products to more than 60 countries.
10. BP plc
Finally BP holds the 10th position in the list of the richest company in the world. It is one of the biggest organization in the oil and gas industry. This multinational company was founded in the year 2001. Having its headquarter in London, UK and England, the company has successfully established a wide network base across the globe. The present CEO of this company is Robert W. Dudley. BP plc produces, explores and refines crude oil. The company distributes its products all over the globe. Not only this, the company has extended its operations in 70 countries. They have taken interest in renewable energy as well.
Conclusion
This is the list of the companies that have secured places in the top 10 richest companies in the world. This list has been prepared considering the revenue generation of each company per year. However, the list is dynamic. The positions of these companies change as per their changing gross revenue per year and profit. Apart from revenue, there are many other factors have been taken into consideration which are used for ranking the companies. This includes the extended network of the organization, the number of workers employed in the organization, the size of the companies and so on. Among all these factors, revenue is the most important factor, while the other companies belong to diverse industrial sectors. Keep an eye on our financial blog section to get updated with the next list of the richest companies in the world. Feel free to share your feedback with us. We will be glad to hear from you.
