A company is a legally recognized entity that enables a group of individuals to collaborate and operate a business venture in an industrial capacity. Engaging in such enterprises provides opportunities for remarkable growth and success. Aspiring to be associated with renowned, valuable, and large companies is a common aspiration. Let’s explore the top 10 companies in the world, ranked according to their revenue, to gain insights into their prominence and influence in the global market.
1. Walmart (WMT)
Walmart Inc., led by CEO Doug McMillon, is an American multinational retail corporation known for its chain of department stores, supermarkets, and warehouse clubs. Functioning as both a retail and wholesale business, it has its headquarters in Bentonville, Arkansas, United States. Established on 2 July 1962 by Sam Walton, Walmart has become the world’s largest private employer, with a staggering 2.2 million employees. Offering a diverse range of products, including clothing, home décor, food and beverages, jewelry, books, automotive tools, and medicines, Walmart has achieved significant revenue, with a brand value of $93.2 billion and total assets of $252.5 billion. Its impressive market capital stands at $422.42 billion, and the company reported a net income of $13.70 billion.
2. Amazon
Andy Jassy serves as the CEO of Amazon, the world’s largest American multinational e-procurement company. Headquartered in Seattle, Washington, United States, it was founded on 5 July 1994, initially as an online bookseller. Over time, Amazon expanded its operations to encompass every category of retail. Additionally, it offers downloadable and streaming content through subsidiaries like Amazon Prime Video, Amazon Music, Twitch, and Audible. With a massive workforce of 1,298,000 employees worldwide, Amazon is involved in producing consumer electronics and has acquired subsidiaries like Whole Foods Market and Ring. Remarkably, the company publishes over 3 billion products, contributing to its impressive revenue of $386.064 billion, with a net income of $21.331 billion. Amazon’s market capitalization stands at an astonishing $1.67 trillion, and its brand value is valued at $684 billion, highlighting its immense presence and influence in the global market. Its total assets amount to $321.2 billion, underlining the company’s substantial financial strength.
3. China national Petroleum Corporation (CNPC)
Zhou Jiping serves as the CEO of China National Petroleum Corporation (CNPC), the largest oil and gas corporation in China and the world’s biggest energy group. With its headquarters in Dongcheng District, Beijing, China, CNPC was founded in 1988. The government-owned PetroChina holds a 50% stake in the corporation. CNPC is involved in various sectors, including natural gas, chemicals, refining and marketing, hydrocarbon exploration, and production. Remarkably, the company employs 1,242,245 individuals and operates 30 international production and exploration projects. With a significant market capital of $70.898 billion and brand value amounting to $36.8 billion, CNPC reported impressive revenue of $283.958 million, generating a net income of $4574 million. The company’s vast reach and contributions in the energy industry further solidify its position as a global leader in the field.
4. China Petrochemical Corporation (Sinopec Group)
Fu Chengyu serves as the CEO of China Petrochemical Corporation (Sinopec), the world’s largest producer and distributor of oil refining, gas, lubricants, and petrochemical products. Headquartered in Chaoyang District, Beijing, China, Sinopec’s diverse operations encompass chemical fibers, chemical fertilizers, storage, and distribution of natural gas and crude oil, as well as imports and exports of various refined oil items and chemicals. Additionally, the company is involved in the production of waste vegetable oil, biodiesel, and green jet fuel from waste vegetable oil, reflecting its commitment to sustainability and innovation. Established on 25th February 2000 and managed by the State Council of the People’s Republic of China, Sinopec boasts a considerable workforce of 249,142 employees. With a robust financial performance, the company reported revenue of ¥2966 billion and a net income of ¥271 billion. Moreover, it possesses significant total assets valued at CN¥ 1755 billion and enjoys a substantial market capitalization of $72.27 billion. Sinopec’s presence on the New York Stock Exchange further exemplifies its global reach and influence in the energy industry.
5. Apple
Tim Cook serves as the CEO of Apple, the American multinational technology company renowned for its diverse range of market-leading products, including smartphones, media devices, personal computers, portable digital music players, and tablets, among others. The iPhone and Mac product lines are particularly popular among consumers. Headquartered at 1 Apple Park Way, Cupertino, California, United States, Apple began its journey by introducing Wozniak’s Apple I personal computer on 1st April 1976. The subsequent launch of iconic products like the iPod, iMac, and iPhones propelled the company to immense success. With a workforce of 147,000 employees spread across four countries, Apple continues to innovate and captivate consumers worldwide. Beyond hardware, the company also provides streaming services like Apple+, offering on-demand entertainment content to its extensive user base. Its impressive financial performance is evident in its revenue of $274.515 billion and a net income of $57.411 billion. Furthermore, Apple’s market capitalization stands at a staggering $2.50 trillion, and its brand value is estimated at $612 billion. The company’s total assets amount to $323.888 billion, further highlighting its financial strength and influence in the technology industry.
6. CVS health corp. (CVS)
Karen S. Lynch holds the position of CEO at CVS, the American integrated pharmacy healthcare company. Operating from 1 CVS Drive, Woonsocket, Rhode Island, United States, CVS began as a retail chain offering health and beauty aid product lines in 1963. Over the years, it expanded its services to include pharmacies, leading to significant growth and development. CVS is known for providing various healthcare services, including pharmacy benefits managers, health insurance, mail-order pharmacy services, and disease management programs. With a massive workforce of 300,000 employees, including over 40,000 physicians, nurses, and pharmacists, CVS is a prominent player in the healthcare industry. It stands as the largest retail pharmacy chain in the United States, boasting remarkable revenue of $268.70 billion and a net income of $7.71 billion. The company’s substantial market capitalization of $11.27 trillion and brand value of $21.3 billion highlight its influence and impact on the market. Furthermore, CVS’s total assets amount to $230.71 billion, underscoring its financial strength and positioning on the New York Stock Exchange.
7. UnitedHealth group
Andrew Witty serves as the CEO of UnitedHealth Group Incorporated, the American multinational healthcare, and insurance company. Operating from Minnetonka, Minnesota, United States, the company offers a wide range of health care products, pharmacy benefit management services, and insurance solutions. UnitedHealth Group’s origins trace back to 1977 when it established the Physician’s Health Plan of Minnesota. Over time, it expanded its operations to manage pharmacy benefits through retail pharmacies and mail services. With a global presence, the company’s services reach individuals worldwide, supported by a workforce of 330,000 dedicated employees. UnitedHealth Group’s robust financial performance is evident in its revenue of $257.141 billion and a net income of $15.403 billion. Its market capitalization stands at $400.7 billion, and the brand value is estimated at $31 billion. Moreover, the company’s total assets amount to $289 billion, underscoring its financial stability and standing in the industry.
8. Toyota Motor Corporation
Akio Toyoda serves as the CEO of Toyota Motor Corporation, the Japanese multinational automobile company renowned for its global presence in manufacturing, leasing, repairing, and selling cars, trucks, and buses. Headquartered in Toyota City, Aichi, Japan, the company’s annual production reaches approximately ten million vehicles. Beyond vehicle manufacturing, Toyota is also engaged in producing parts and tools, as well as offering financing, leasing, and banking services. Founded on 27th August 1937, the company remains at the forefront of automotive innovation, offering a diverse range of vehicles, including hybrid electric, plug-in hybrids, electric vehicles, autonomous vehicles, and hydrogen fuel-cell cars. With a workforce of 366,283 employees worldwide, Toyota has achieved impressive revenue of $256.722 million and a net income of $21.180 million. The company’s remarkable market capitalization stands at $248.23 billion, and its brand value is estimated at $59.47 billion, highlighting its prominence and impact in the automotive industry. Additionally, Toyota’s total assets amount to $562 billion, underscoring its financial strength and stability.
9. Volkswagen AG
Herbert Diess serves as the CEO of Volkswagen, the German multinational automobile manufacturing company known for its wide range of economic and luxury cars, trucks, motorcycle engines, and other vehicles. Based in Wolfsburg, Germany, the company also offers various services, including financing, leasing, insurance, banking, and fleet management. Volkswagen’s legacy began with the manufacturing of the iconic Volkswagen Beetle on 28th May 1937, and since then, the company has rapidly expanded its production with the launch of new vehicles. With a workforce of 662,575 employees worldwide, Volkswagen continues to be a prominent player in the automotive industry. Its impressive financial performance includes revenue of $253.965 million and a net income of $10.105 million. Volkswagen’s market capitalization stands at $152.04 billion, and its brand value is estimated at $73.8 billion, underscoring its global presence and influence. Moreover, the company’s total assets amount to $567.85 billion, showcasing its financial strength and stability in the market.
10. Berkshire Hathaway Inc. (BRK.A)
Warren Buffett leads as the CEO of Berkshire Hathaway Inc., an American multinational diversified holding company with an impressive track record. Headquartered at Kiewit Plaza, Omaha, Nebraska, United States, Berkshire Hathaway traces its origins back to a textile manufacturing company established in 1839. Over time, the company expanded its reach into various industries, particularly insurance and investments. Today, Berkshire Hathaway boasts a diverse portfolio of businesses and investments, spanning energy generation groups, utilities, insurance, manufacturing, service retailing, finance, financial services, and investments. The company’s holdings also include subsidiaries and equity securities. With a global workforce of 360,000 employees, Berkshire Hathaway’s financial performance stands out, with revenue reaching $245.5 billion and a substantial net income of $42.5 billion. Moreover, the company’s impressive market capitalization amounts to $665.42 billion, while its total assets are valued at $873.7 billion. The company’s extensive reach and significant financial presence in various sectors highlight its position as a major player in the business world.
