State Grid Corporation of China

TOP 10 RICHEST COMPANIES IN THE WORLD IN 2020 – ALL YOU NEED TO KNOW

Curiosity they say kills the cat, but in this case, it satiates the thirst for knowledge as we unveil to you the Richest Companies in the World. several companies are doing well for themselves in terms of revenue generation which makes them be among the top-notch companies in the world, however, there are those that stand out among them all. In fact, most of the companies that will be listed here are also among the Top 50 Companies in the World. Thus, we have taken the task to come up with the list of companies in the world that are generating huge revenue and making large profits. therefore

TOP 10 RICHEST COMPANIES IN THE WORLD – ALL YOU NEED TO KNOW

It wasn’t easy to come up with the list of Richest Companies in the world 2019, however, the task isn’t an unachievable one. The companies enlisted here were selected base on the generated revenue.

  1. Walmart
  2. State Grid Corporation of China
  3. Sinopec Group
  4. China National Petroleum Corporation
  5. Royal Dutch Shell

Toyota Motors

  1. Volkswagen

BP

  1. Exxon Mobil
  2. Berkshire Hathaway

There you have the highlight of the companies that are branded the Richest in the world. read through below to have a glimpse of what they do and where they are situated.

  • #1. Walmart
  • Headquarter: Bentonville, Arkansas, USA
  • Business: Retail Corporation
  • Revenue: $500 Billion
Walmart The Richest Companies In The world 2020.

Occupying the first spot on our list of Richest Companies in the World is Walmart, what a shocker! The American conglomerate operates different numerous businesses including hypermarkets, discount department stores, and grocery stores. To boost its business services, Walmart has included an e-commerce business to its booming physical hypermarkets. The company huge revenue makes it possible for them to slash price for her customers. Of course! This attracts more customer and gives it an edge over local rivals Amazon and target.

  • #2. State Grid Corporation of China
  • Headquarter: Beijing Xicheng District, China
  • Business: Electrical grid, Electric power transmission
  • Revenue: $349 Billion
State Grid Corporation of China

The Chinese companies seem relentless in becoming a global presence, here in the second spot is a Chinese State-owned company, the State Grid Corporation of China. The company is regarded as the biggest electric utility enterprise in the world. the company boasts of constructing and operating power grids as well as manages 24 electric power companies including five regional power grid enterprises. The company experience fast growth has been established in 2002 compared to other companies on this list; presently, the company has employee strength of approximately 1.9 million workers including robust customer patronage of over 1.1 billion customers. In addition, the company has a global presence, exporting its products to countries such as Italy, the Philippines, Australia, and Brazil.

  • #3. Sinopec Group
  • Headquarter: Chaoyang District, Beijing
  • Business: Oil and Gas
  • Revenue: $327 Billion
Sinopec Group One of the richest companies in the world

Third on our list is an oil and gas company, Sinopec Corp. a China Petrochemical corporation that majors on integrated upstream, midstream and downstream operations, strong oil & petrochemical (oil and gas) businesses, coal, steam, and electricity. One of its major moves led them to secure an EPC contract in Russia as well as another contract with the Mongolian company Petro Matad. The company has a staff strength of over 800, 000. Despite a scandal hitting the company, it still finds its way to occupy the third spot on our list.

  • #4. China National Petroleum Corporation
  • Headquarter: Beijing, China
  • Business: Petroleum, Natural Gas
  • Revenue: $326 Billion
China National Petroleum Corporation

China National Petroleum Corporation is another Chinese company to find its way into the list of Richest Companies in the World. CNPC is a major national oil and gas corporation of China and also one of the largest incorporated energy groups in the world. The company is under the supervision of the Chinese government and it is considered to be the Largest Chinese Jointed Company in terms of revenue. The company is making moves to diversify into renewable energy aside from oil and gas production; it exports its services to other countries such as Thailand, Peru, Canada, Iran among others. This is in a bid to tackle issues on environmental protection. Presently the company has over 1.8 million workers who put contributes their quota to the success of the company. With this amount of workforce and revenue generated revenue, the company is branded to be among the Largest Companies in the World by Profit.

  • #5. Royal Dutch Shell
  • Headquarter: The Hague, Netherlands
  • Business: Oil and Gas
  • Revenue: $311 Billion

Royal Dutch, a British-Dutch incorporated company that majors in refining petroleum. The company is one of the six leading oil and gas companies in the world and has an employee strength of approximately 89, 000. The company services include petroleum exploration, production, refining, marketing, and distribution; more so, they are involved in power generation, petrochemicals, and trading not leaving out renewable energy fields particularly wind and biofuels. The company is present in more than 70 countries and produces over 3.7 million barrels of oil per day. The company made a major move in 2016, spending $53 billion to purchase the BG group in order to become the largest liquefied natural gas company in the world and that is why the company is among the Largest Companies in the World by Profit this bold step in acquiring BG group gave the company an edge in drilling in of offshore Brazil.

  • #6. Toyota Motors
  • Headquarter: Aichi, Japan
  • Business: Automobile
  • Revenue: $265 Billion

Taking a turn to the Automobile world, Toyota Motors comes in as the sixth Richest Company in the World. the Japanese automobile is the leading and largest automobile manufacturing company in the world. the company is also known to be a leading manufacturer of hybrid electric cars. Toyota Motors started initially as a branch of Toyota industries, but having experienced successful years of manufacturing unique and outstanding automobiles and recording high sales rate, the company has transformed into one of the most admired automobile companies in the world. little wonder it ranked among the Top 50 Companies in the World.

  • #7. Volkswagen
  • Headquarter: Wolfsburg, Germany
  • Business: Automobile
  • Revenue: $260 Billion

Coming next to Toyota is another giant automobile company, Volkswagen. This automobile company is known to design, produce, develop and distribute engines, motorcycles, commercial and private vehicles, and turbo-engines. The company is branded as the largest company in Germany in terms of revenue generation. Volkswagen maintains a second position behind Toyota as the Largest Automobile Manufacturer in the World but in terms of sales, it is the number one. the automobile company has an employee strength of over 600, 000. The company is recognized globally for producing quality, unique and customized car brands such as Audi, Porsche, Volkswagen, Bentley, Lamborghini, Bugatti, Ducati, SEAT, and Scania.

  • #8. BP
  • Headquarter: London, United Kingdom
  • Business: Oil and Gas
  • Revenue: $260 Billion

BP Plc. is a British multinational company that is involved in the oil and gas industry branded among the seven major oil and gas companies in the world. the company owns a 19.75% stake in Rosneft, in Russia known to be the largest publicly traded oil and gas company by hydrocarbon reserves and production in the world. The company has approximately 74, 000 employees who carry out the task and daily activities of the company. The company is also present in over 80 countries including Angola, Argentina, Australia, Azerbaijan, Egypt, Trinidad, the UAE, the UK, and the US.

  • #9. Exxon Mobil
  • Headquarter: Irving, Texas
  • Business: Automobile
  • Revenue: $279 Billion

Exxon Mobil is an American petroleum refining company known to be among the supermajor oil companies in the world. the company has an approximate of 72,000 workers who shoulder the companies responsibilities in over 21 countries of the world where the company is present. The company is famous for its safety standards and profitability, however, it faces challenges of tackling climate change. Exxon Mobil subsidiaries include Mobil, Exxon, Imperial Oil, Exxon Neftegas, Exxon Australia, and Aera Energy and has over 29,000 net wells as well as 35,000 gross operated wells.

  • #10. Berkshire Hathaway
  • Headquarter: Omaha, Nebraska, United States
  • Business: Automobile
  • Revenue: $242 Billion

Last on our list of Richest Companies in the World is Berkshire Hathaway, a business multinational company located in the US. The company is a holding company for a large number of businesses and presently generates a large share of its revenue from its non-financial businesses becoming a conglomerate of copious companies among which are the railroad behemoth Burlington Northern, underwear manufacturer Fruit of the Loom, and car insurance firm Geico. With a large employee strength of over

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Conclusion on Top 10 Richest Companies in the World – All You need to Know

When the question of the Richest Companies in the World comes to mind, you will often expect to find the technological companies at the peak of the list but reading through this article has sent a massive shock down your spine because of the huge surprise of the companies that appeared on the list.

Tag: Top 10 Richest Companies in the World, Top 50 Companies in the World, Largest Companies in the World by Profit