Top 10 Largest Companies in the World by Revenue 2023

When we talk of the top 10 largest companies in the world, the revenue generated by it is one of the most important factors in deciding that. There are so many different companies but generally, gas and oil companies are the ones who generate the maximum revenues. Some automobiles companies are also there and recently we have seen the arrival of Apple in this list too.

Walmart is currently on the top in 2020 and Volkswagen still manages to remain in the list even after suffering a major blow from the diesel emission scandal.

Let’s talk about the top 10 largest companies in the world one by one. We have ranked them on the basis of revenues generated by these companies.

Walmart 

By earning a revenue of $482.1 billion, this company is on the top of the list. The company was started in 1962 by Sam Walton and its headquarters are located in the US. It has around 11,000 stores which are located in 27 different countries of the world.

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More than two million employees are associated with this company and with this huge workforce; this company is making a profit of up to $170,000 annually. The company is focusing on investing more in training its employees and providing them with better equipment which can show better results in the growth of the company in the future years.

State Grid Corporation of China

This company comes in second place in our list of the top 10 largest companies in the world with net revenue of about $330 billion. This Chinese company was started in 2002. Electric power transmission and electric grid are the fields in which this company is working and around 2 million people are working with this company.

Over a very small period of time, it has shown good success and it also owns the title of the ‘biggest electric utility in the world’. But there are also many cases of corruption in which many top officials of this company were involved. Despite all this, this company is working on new projects and has plans to invest in Malaysia and grow its network in Australia.

China National Petroleum Corporation

With a revenue of $299 billion, this company is regarded as the third largest company by the Fortune Global 500 list in 2020. As the name suggests, this company is involved with the exploration of natural gases and the petroleum trade.

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About 1.7 million employees are associated with this company and this company has shares in one of the oil companies of Kazakhstan. It has its production and exploration units in various countries including Iran Venezuela Thailand and Canada and this oil company has the potential of about 3.7 billion barrels of oil reserves.

Sinopec Group

As per the Global Fortune 500 list, this company which makes a revenue of $294 billion, is the fourth largest company. This is also a Chinese company that deals in oil and gas trade with its headquarters located in the capital of China, Beijing.

China itself is the main target for the various products of these companies like lubricants, fuels, and petrochemicals. More than 8, 00,000 employees are associated with this company which is owned by the state. Bang Yupu is the current CEO of Sinopec Group and the company is looking forward to expanding its assets overseas.

Royal Dutch Shell

This company with a revenue of $272 billion comes in fifth place in our list of the top 10 largest companies in the world. This company is also involved in the petroleum and gas trade and it started operating in 1907.

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Two companies, Shell Transport and Trading and Royal Dutch Petroleum, merged together and the result was this company- Royal Dutch Shell whose present CEO is Van Beurden. It employs around 90,000 people and has managed 22 times to secure its place in the Global 500 list.

Exxon Mobil

This company earns a revenue of $246 billion and is the 6th largest company in the world as per the Fortune 500 rankings. When we talk of publicly traded oil and gas companies then, this is the biggest one in the world but it lacks behind the Royal Dutch Shell and Sinopec Group in terms of revenues.

Two companies namely Mobil and Exxon together formed Exxon Mobil in 1999. It employs around 80,000 employees and Tillerson is its present CEO. This company takes care of the environment and makes sure that any type of burning of fuels or other activities of this company is not threatening the cause of global warming or any other harmful environmental causes.

Volkswagen

Cars manufactured by this company are famous all around the world and with a revenue of $230 billion, it is the seventh-largest company in the world as per the reports of Fortune 500 in 2020. Apart from cars, trucks and buses and other automobiles are also manufactured by this company which has its headquarters located in Germany.

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This company was significantly affected because of the diesel emission scandal which broke out in 2015. It was one of the biggest losses that the company had to suffer and for this, it also agreed to take back half a million cars and paid US regulators an amount of $15.3 billion to settle the scandal.

Toyota Motors 

It earns a revenue of $237 billion and is the 8th largest company in the world. It was the largest automobile manufacturer till 2012 and currently, is planning to introduce driverless cars which may take this company to great heights. It is working on electric vehicles and you may see them on the roads soon.

Apple Inc.

It is the ninth-largest company with a revenue of $233 billion. This American company was started in 1976 by Steve Jobs. Its products like iPhone, iPad, iPod, iOS, watches, and TVs, etc, are popular worldwide and it is a prestigious brand for the consumers.

Apple went public and was listed on the stock exchanges on December 12, 1980, at $22.00 per share. Apple stocks have split five times since the IPO since then.

The company is also planning to enter the automotive sector soon.

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BP PLC

With a revenue of $226 billion, it is the last company in our list of the top 10 largest companies in the world. It is headquartered in England and is another big name in the oil and gas producing companies.

Currently, it is functioning in more than 17 countries of the world and is focusing more on renewable sources of energy.

Hope you found this article helpful.

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