Top 10 largest companies in the world
CachHayNhat - Most of the companies in the world are small businesses. They are often referred to as the backbone of a country and local economy. But then there are also large corporations that affect the entire global economy. Their revenue amounts to billions of dollars, even more than some countries combined.
Top 10 largest companies in the world
Revenue: $524.0 billion
Revenue: $414.6 billion
Revenue: $387.1 billion
Revenue: $355.9 billion
REVENUE: $354.0 billion
Revenue: $344.9 billion
Revenue: $282.9 billion
Revenue: $280.5 billion
Revenue: $279.3 billion
Revenue: $278.4 billion
But what are the biggest companies in the world? Our updated Top 10 rankings will show you just that. The ranking is based on the most recent revenue earned by a management company.
Top 10 largest companies in the world 2020
1. Walmart
Revenue: $524.0 billion
Established year: 1962
Headquartered in: Bentonville, Arkansas, USA
Type of industry: Retail
Number of employees worldwide: ~2.2 million
Walmart is currently the largest company in the world. The American retail company generated a staggering $524 billion in revenue in 2019. This number is even more impressive if you consider that Walmart does not operate worldwide. For example, it has a rather thin presence in Europe. But the Arkansas-based company founded by Sam Walton in 1962 is by far the most popular supermarket in the Americas, contributing the bulk of Walmart's half a trillion sales last year. Employing more than 2 million people worldwide, Walmart is also the largest private employer in the world.
2. Sinopec
Revenue: $414.6 billion
Year of establishment: 2000
Headquartered in: Beijing, Beijing City, China
Type of industry: Petroleum
Number of employees worldwide: ~250,000
Sinopec is the world's second largest company by revenue. China's state-owned oil company is part of both the world's largest producer of refined oil as well as gas. The Beijing-based group has now become the largest oil and gas company in the world. Quite impressive for a company that has only existed since 2000.
3. State Grid
Revenue: 387.1 billion USD
Year of establishment: 2002
Headquartered in: Beijing, Beijing City, China
Type of industry: Electric utility
Number of employees worldwide: ~1.5 million
State Grid Corporation of China concludes Top 3 among the largest companies today. The Chinese company is of course also state-owned. State Grid is a power company with a monopoly on the Chinese market (this is the world's most populous market). State Grid builds and owns all the power plants and other electrical infrastructure in China. In addition, the company also recently started to invest in many foreign projects.
4. Saudi Aramco
Revenue: 355.9 billion USD
Established year: 1988
Headquartered in: Dhahran, Eastern Province, Saudi Arabia
Type of industry: Petroleum
Number of employees worldwide: ~ 76,000
Saudi Aramco is another oil and gas company and is currently the largest outside of China. In many ways, Saudi Aramco is the most powerful and influential corporation in the oil industry. No other company can directly influence global oil prices. Headquartered in Dhahran in the country's Eastern Province, Saudi Aramco is in fact wholly owned and controlled by the government of the Kingdom of Saudi Arabia.
5. China National Petroleum Corporation
Revenue: $354.0 billion
Established year: 1988
Headquartered in: Beijing, Beijing City, China
Type of industry: Petroleum
Number of employees worldwide: ~1.6 million
The current fifth largest company was an Oil and Gas company and another Chinese state-owned company at the time. Beijing-based China National Petroleum Company is significantly older than Sinopec and, at the same time government-owned, is known to be a bit more open to private investors.
6. Royal Dutch Shell
Revenue: $344.9 billion
Year of establishment: 1907
Headquartered in: The Hague, South Holland, Netherlands
Type of industry: Petroleum
Number of employees worldwide: ~82,000
Ranked sixth in the Top 10 largest companies in the world is also an Oil and Gas company. The Hague-based company owns oil and gas wells around the world and has been for more than a century. Royal Dutch Shell is in fact the oldest company in the Top 10 largest companies in the world today.
7. Volkswagen
Revenue: $282.9 billion
Established year: 1937
Headquartered in: Wolfsburg, Lower Saxony, Germany
Type of industry: Automotive
Number of employees worldwide: ~ 665,000
Volkswagen is the largest car company and the third largest non-oil manufacturing company in the world. The German corporation owns a number of German and non-German car brands (e.g. Audi, Porsche, Lamborghini, etc.), but of course also produces cars under its own brand.
8. Amazon
Revenue: $280.5 billion
Established year: 1994
Headquartered in: Seattle, Washington, USA
Industry Type: Online Retail & IT
Number of employees worldwide: ~840,000
The world's largest online retailer is also now one of the 10 largest companies in the world. Founded in 1994 by Jeff Bezos, the current richest man in the world, Amazon is now a truly global phenomenon, selling a plethora of products around the world.
9. ExxonMobil
Revenue: $279.3 billion
Established year: 1999
Headquartered in: Irving, Texas, USA
Type of industry: Petroleum
Number of employees worldwide: ~71,000
ExxonMobil is the largest US oil and gas company. The Texan Company spun off the legendary Standard Oil Company, founded by John Rockefeller, one of the richest men in history. ExxonMobil remains one of the big players in the oil market.
10. BP
Revenue: $278.4 billion
Year of establishment: 1909
Headquartered in: London, England, United Kingdom
Type of industry: Petroleum
Number of employees worldwide: ~ 73,000
BP (British Petroleum) is a British oil and gas company. Like Shell, it belongs to the most traditionally rich companies in the oil industry, and despite some problems in recent years, it remains one of the largest in the world.
Top 10 Largest Companies in the World 2020
(Last updated: May 2020)
1. WALMART
Revenue: $524.0 billion
2. SINOPEC
Revenue: $414.6 billion
3. STATE GRID
Revenue: $387.1 billion
4. SAUDI ARAMCO
Revenue: $355.9 billion
5. China National Petroleum Corporation
REVENUE: $354.0 billion
6. ROYAL DUTCH SHELL
Revenue: $344.9 billion
7. VOLKSWAGEN
Revenue: $282.9 billion
8. AMAZON
Revenue: $280.5 billion
9. EXXONMOBIL
Revenue: $279.3 billion
10. BP
Revenue: $278.4 billion
Top 10 Largest Companies based on the most up-to-date revenue figures available.
