The world of business is complex, there are so many ups and down. Sometimes it is nearly impossible to even comprehend the staggering amount of money that goes into companies, but even more shocking is the insane money that comes out of it. According to a latest survey, there are about 65 companies in this world that that churn out more than a hundred billion dollars annually. To put it in some perspective, just remember that this amount of money is way more than the average GDP of a small country. In fact, as per statistics, these companies are rich enough to even buy a small or medium (depending on your definition) country.
Ranking Top 10 Most Richest Companies In The World
The recent recession has had a very negative impact on the economy of most richest companies and businesses. Despite of that, many companies have managed to retain their success and their massive revenues. The companies that have generated maximum revenues with minimum loss are ranked accordingly.The countdown of the top ten most richest companies in the world is done on the basis of the success mainly against the recent crunching recession. The top 10 richest companies in the world are as follows:
10. Toyota motors
No surprises there. Toyota motors, more commonly known as TMC, generated revenue of approximately $235 million last year. Its headquarters are in the namesake city Toyota, state of Aichi. It has a surprising 317,734 employees working around the world under it. In the automobile world it is considered the largest manufacturer with respect to sales and production.
The well-known Volkswagen, German automobile giant also made it to the top 10 after generating revenue of $246.7 billion. Considered to be the third largest automobile manufacturer in the world, it also spends a considerable amount of money in research and innovation of automobiles. It is also one of the oldest automobile manufacturers.
8. Conoco Phillips
Conoco Phillips is an American oil and gas company. Situated in Houston, Texas, it generated revenue of about $251 billion. In the private sector, it is ranked fifth in the energy sector. It operates internationally in about 40 countries.
Sinopec is yet another Chinese company in the top 10. It is considered to be Asia’s largest oil refinery, based on the amount of oil that it processes and refines every year. It is a relatively young company, set up only in 2000. Only within a decade of its creation, it has its ranking on the New York, Shanghai as well as the Hong Kong stock exchange. It has revenue of about $274 million, and is an all-rounder in the oil and gas business as it covers the import/export, distribution, refinery as well as research in the oil and gas field.
6. State grid cooperation of china
Not surprisingly, China’s most richest companies in the world State Grid Corporation shocked everyone after generating 298.4 billion dollars last year, hence making it sear through the top 10 with major European and American giants. State Grid is a power company that provides power utilities to the entire country. It started a “power for all” project, under which they provide free electricity to millions of houses in China.
5. BP (British petroleum)
Originally started as the Anglo Persian Oil most richest companies in the world in 1909, it quickly became one of the biggest names in the oil and gas sector. It changed its name to British Petroleum in 1954. It is mainly a motor and aviation oil supplier. It barrels are estimated at 3.8 million barrels.
4. China National Petroleum Corporation
More commonly known as the CNPC, the China National Petroleum Corporation is run by the Chinese government. The headquarters are in the Chinese capital of Beijing. The oil reserves on CNPC alone are an astounding number, almost 3.7 billion barrels! It only extracts a small portion for it every year for export and domestic use. It also has branches in several other countries. It generated about $400 billion dollars last year.
It is quite old in its business, established in the year 1964. its headquarters are in Arkansas. Overall, it has almost 8,500 in around 15 countries although it operates under different names. The revenue totals a colossal $446 billion.
2. Royal Dutch Shell
The Royal Dutch shell, one of the richest and most well-known oil and gas companies is at the second spot with a massive $470 million of revenue. It is has two major headquarter, one in Hague, Netherlands and the other in London, UK. Additionally, it has 90 branches all over the world with over 44,000 service stations.
1. Exxon Mobil
This is none other than USA’s leading oil and gas corporation. It is basically a child company of Stanford Oil, and is one of the oldest companies in the business. Based in Irving, Texas, it generated a magnanimous 486.9 billion dollars last year, which places it at one of the top spots in the top 10 rich companies of the world. The company was a result of a merger between the oil giants Exxon and Mobil. It has a total of 37 oil refineries, scattered in 21 countries. The oil reserves are stand at 72 billion barrels.