<.>For a company to feature in the Global 500 top ten, it has to have high revenue. This becomes the first time Apple has appeared in this giant league. Companies in the oil and gas industry dominate this list. Volkswagen has suffered a blow from the diesel emission scandal. But it is still among the giants. In like manner, Walmart appears to position one in the list. Now, here is the list of the largest companies in the word in 2018.
<.>Our 16th annual Global 2000 list includes publicly-traded companies from 60 countries. Collectively, the companies on this list account for $39.1 trillion in sales, $3.2 trillion in profit, $189 trillion in assets and $56.8 trillion in market value. All metrics are up double-digits year-over-year, with profits up an impressive 28%. See the full list here.
<.>There are several parameters by which the richest companies in the world are ranked. These include market cap, revenue, profits, and brand value. For instance, Statista.com lists the top 10 largest companies in the world by market value. The list includes leading companies that have made it big in the stock market in recent times such as Facebook, Amazon, and Alphabet. The topper is Apple whose market cap is a whopping $913.17 billion in March 2018.
THE LIST IS-:
1.Walmart – $485.9 billion revenue in 2017 an
2.State Grid Corporation of China – $315.2 billion revenue in 2017
3.Sinopec Group – $267.5 billion revenue in 2017
4.China National Petroleum Corporation – $262.6 billion revenue in 2017
5.Toyota Motor – $254.7 billion revenue in 2017
6.Volkswagen – $240.3 billion revenue in 2017
7.Royal Dutch Shell – $240 billion revenue in 2017
8.Berkshire Hathway – $223.7 billion revenue in 2017
9.Apple Inc. – $215.6 billion revenue in 2017
10.Exxon Mobil – $205 billion revenue in 2017
1.Walmart
Walmart Inc. (formerly branded as Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of January 31, 2018, Walmart has 11,718 stores and clubs in 28 countries, operating under 59 different names.
The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Brazil, and Canada.
Walmart is the world's largest company by revenue – over US$500 billion according to the Fortune Global 500 list in 2018 – as well as the largest private employer in the world with 2.3 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family. Sam Walton's heirs own over 50 percent of Walmart through their holding company, Walton Enterprises, and through their individual holdings. Walmart was the largest U.S. grocery retailer in 2016, and 62.3 percent of Walmart's US$478.614 billion sales came from U.S. operations.
2.State Grid Corporation of China
State Grid owns a monopoly in China which has made it the world’s biggest electric utility enterprise. It constructs and operates power grids, and manages 24 electric power firms and five regional power grid enterprises. Notably, this company recently ran a trial in which it managed the Qinghai province entirely on renewable energy.
State Grid was founded in 2002 and is headquartered in Xicheng District in Beijing. It employs more than 1.9 million workers and services over 1.1 billion customers. The firm exports its products to Italy, the Philippines, Australia, and Brazil. This company also recently faced a scandal as a few senior officials were alleged to have taken graft. As part of its future plans, State Grid plans to invest $11 billion dollars in Sarawak, Malaysia.
3.Sinopec Group
Sinopec Group is involved in multiple energy-related sectors such as oil, coal, steam, and electricity. This growing company recently secured an EPC contract in Russia and other contracts with the Mongolian company Petro Matad. It was hit by a scandal recently when its former president Wang Tianpu was jailed for embezzling state properties and accepting bribes during his tenure.
Sinopec Group was founded in 1998 and is headquartered in Beijing. Apart from exploration and production, they produce lubricants, fuels, and petrochemicals for the Chinese market. The company’s current chair is Su Shulin and CEO Wang Yupu. It employs more than 810,000 workers. Sinopec Group’s main subsidiary China Petroleum and Chemicals Corporation Limited (Sinopec Limited) trades in the Shanghai, London, New York, and Hong Kong stock markets. Together with CNPC, Sinopec Group spent $120 billion in acquisitions between 2009 and 2013.
4.China National Petroleum Corporation
State-owned China National Petroleum Corporation (CNPC) is the nation’s biggest integrated energy enterprise. Besides oil and gas, the company plans to involve itself more deeply in the renewable energy sector to tackle the issue of environmental protection and to meet China’s growing needs as a leading member of the Paris Climate Accord.
CNPC was founded in 1988 and is headquartered in Beijing. The company’s current general manager is Zhang Jianhua and it employs more than 1.7 million workers. In 2005, CNPC bought Petrol Kazakhstan for $4.18 billion. It currently has oil reserves to produce 3.7 billion barrels. CNPC runs exploration and production ventures in countries such as Venezuela, Iran, Thailand, and Canada.
5.Toyota Motor
Toyota Motor is the world’s largest automotive maker and a leader in the hybrid electric car sector. It had sold more than 6 million units of its widely used Prius car by January 2017. Besides Toyota, other brands in the stable include Daihatsu, Ranz, Hino, and Lexus.
Toyota was founded in 1937 and is headquartered in the city of Toyota in Japan’s Aichi region. The company employs more than 348,000 workers. Its current CEO is Akio Toyoda. Toyota is the first automobile company to make more than 12 million units in a year which it has accomplished since 2012. However, recently, it had to recall millions of vehicles twice due to faulty airbags. The company’s future plans include making driverless cars and expanding its presence in the hybrid electric vehicles market.
6.Volkswagen
Volkswagen is German for “people’s car”. The company was founded in 1937 by the German Labour Front under Adolf Hitler to make an affordable car for the masses, unlike luxury vehicles. Today, the company’s main markets are Germany and China. The Volkswagen Group is currently the world’s biggest automaker and controls top brands such as Skoda, MAN, Scania, Bugatti, Bentley, Lamborghini, SEAT, and Audi
Volkswagen has factories in many parts of the world, manufacturing or assembling vehicles for local markets. In addition to plants in Germany, Volkswagen has manufacturing or assembly facilities in Mexico, the US, Slovakia, China, India, Indonesia, Russia, Malaysia, Brazil, Argentina, Portugal, Spain, Poland, the Czech Republic, Bosnia and Herzegovina, Kenya and South Africa. In 2011, Volkswagen was named in the top 25 largest companies in the world by the Forbes Global 2000.
Volkswagen is setting up a new factory in West Java, Indonesia, which started construction in mid-2013. The investment into the new plant, which will produce large transporters and multivans, is valued at $140 million.
7.Royal Dutch Shell
Royal Dutch Shell, widely referred to as Shell, is among the six “supermajors” in the oil and gas industry. This company is involved in exploration, production, refining, marketing, distribution, power general, petrochemicals, and trading as well as in renewable energy fields like wind and biofuels. Shell produces around 3.7 million barrels of oil per day and runs a business in more than 70 nations. It currently has the highest market cap on the London Stock Exchange and is also traded on the New York Stock Exchange.
Shell was founded in 1907 and is headquartered in The Hague, Netherlands. It employs about 90,000 employees globally. The company’s current CEO is Ben van Beurden. In 2016, Shell spent $53 billion to acquire the BG group to become the world’s largest liquefied natural gas company. The acquisition gave Shell a dominant position in drilling in the prize location of offshore Brazil.
8. Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J;[2] 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).
Berkshire Hathway has gone beyond depending on Warren Buffett’s financial acumen to make profits. Today, about 75% of its revenue comes from its non-financial businesses and the enterprise has become a conglomerate of numerous companies including railroad behemoth Burlington Northern, underwear manufacturer Fruit of the Loom, and car insurance firm Geico. Berkshire Hathway has its headquarters in Omaha, Nebraska and was founded in 1889.
9.APPLE INC
Apple is currently the world’s most profitable publicly traded company. In the past decade, its sales have been driven by the popular iPod music player and the iPhone. However, of late, sales of the Apple Watch and iPad have gone down and the company relies heavily on upgraded phone models. It is exploring new opportunities in software and automobiles. Apple is based in Cupertino, California and was founded in 1977 by Steve Jobs, Ronald Wayne, and Steve Wozniak.
Apple's worldwide annual revenue totaled $229 billion for the 2017 fiscal year. Apple is the world's largest information technology company by revenue and the world's third-largest mobile phone manufacturer after Samsung and Huawei.[5] In August 2018, Apple became the first public U.S. company to be valued at over US$1 trillion. The company employs 123,000 full-time employees[8] and maintains 499 retail stores in 22 countries as of December 2017. It operates the iTunes Store, which is the world's largest music retailer.
As of January 2016, more than one billion Apple products are actively in use worldwide. The company enjoys a high level of brand loyalty and has been repeatedly ranked as the world's most valuable brand. However, it receives significant criticism regarding the labor practices of its contractors, its environmental and business practices, including anti-competitive behavior, as well as the origins of source materials.
10.EXXON Mobil
Exxon Mobil is the largest publicly traded oil and gas company in the world in market value. Sinopec and Shell are larger as revenue. Founded in 1999, Exxon Mobil has its headquarters in Irving, Texas, US. Rex W. The company came about after a merger of two companies, Exxon and Mobil. Tillerson is the current company’s CEO and Chairman. The company had revenue of 246 billion US dollars in the last financial year. The company has over 77000 employees. This is the 22nd time that the company appears in the Global 500 companies.
It has coped well with the drop in crude prices because of its vertically-integrated model. This company leads the industry when it comes to safety standards and profitability, but faces the challenge of tackling the issue of climate change. It has greater than 29,000 net wells and 35,000 gross operated wells.
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