20 Richest Companies in the World – Biggest and Largest by Revenue in 2016

When it comes to the richest companies in the world, you may think that the oil and gas companies must be on the top. Well! They are there on the list but the top spot is not occupied by an oil company or an automobile manufacturer! It has been taken by the biggest retailer in the world. Read on to find those top 20 companies!

Note: Below companies have been ranked as per the data found in Fortune 500 companies. There are other ways of ranking companies or corporations as well. For example, “richest companies by profits” or in terms of assets, etc. Companies on this list have been ranked based on their annual revenues.

#1) Walmart – The Richest Company in the World

Revenue: ~$485  Billion

Country: USA

#1) Wal-Mart - Retailer-World's Richest Company

Imagine the European country Austria and think of its GDP i.e. the total output of goods and services! It is around 400 Billion USD. But Walmart, a retailing company in the USA, has its revenues more than the GDP of countries like Austria, Belgium, Iran, Denmark, South Africa, Malaysia, etc. In fact, its revenue is more than the GDP of around 160 countries! So why has Walmart such huge revenues? It is because of selling everything ranging from pharmacy to flowers through its 11,695 discount stores and hypermarkets across 28 countries. Its stores are spread across North America, Latin America, South America, Europe and East Asia, employing more than 2.5 million people of various nationalities. More than half of its revenue comes from the United States alone. The largest stakeholder in Walmart is the Walton Family, belonging to America, which also happens to be the richest family in the world. Recently, this retailing behemoth was in news for utilizing robots for scanning the shelf in its stores.

#2) State Grid Corporation of China  (SGCC) – Richest Company in China

Revenue: ~$315 Billion

Country: China

#10) State Grid Corporation of China Revenue: $290 Billion

Have you ever thought of the company which provides electricity to the Chinese people? Yup? Then, here is the answer. SGCC! In a tightly ruled country by the Communist Party, SGCC has been given the responsibility of powering the homes across China. And it is the only company in China tasked with power distribution and transmission to more than a billion people. Going by this then, it can be safely said that SGCC provides electricity to around 1/7th i.e. 15% of the world’s population. This Chinese company is managed by high ranking members of the Communist Party of China.  Of recent, SGCC has begun to invest outside China as well.

#3) Sinopec Group

Revenue: ~$267,518 Billion

Country: China

#5) Sinopec Group Revenues: $411 Billion

Petrochemicals have been around since a century but it needs to be refined before use in automobiles and power plants. Sinopec Group does the job of refining and it is one of the largest oil refining company in the world. It is owned by the state i.e. the Chinese government or even you can say, the Communist Party of China. One of the largest companies in the People’s Republic of China, Sinopec Group’s assets are in hundreds of billions of US Dollars. And it rakes in more than a billion USD in profits each year. It is tightly controlled by the state.

#4) China National Petroleum

Revenue: $262 Billion

Country: China

#3) China National Petroleum Corporation Revenue: $425 Billion

This Chinese Company is involved in hydrocarbon exploration and production, refining, and even marketing as well. It is the largest vertically integrated petrochemical company in the world. It is involved in oil exploration across the continents, in regions like Middle East, Central Asia and even in sub-Saharan Africa. So in basic terms, it extracts crude oil from the ground and then refines it and separates it into petrol diesel, kerosene, paraffin wax, etc and then through its marketing network, exports it to many countries. Even, when no other country dared to invest in the Middle Eastern country Iran due to unilateral US sanctions, China National Petroleum signed contracts with National Iranian Oil Company and developed the Masjid Sulaiman Oil Field.

#5) Toyota Motor – Richest Company in Japan

Revenue: $254 Billion

Country: Japan

In this list of richest companies in the world, Japanese company Toyota Motors also finds a spot. Along with the automobile manufacturer Volkswagen of Germany, Toyota is one of the largest manufacturers of automobiles in the world. With the slow global transition to renewable energy sources and depleting oil reserves, Toyota knows that its future lies in electric vehicles. It is one of the global industry leaders in hybrid electric vehicles. This company was started by Kiichiro Toyoda whose father Akio Toyoda was an industrialist and inventor.

#6) Volkswagen – Largest Corporation in Germany

Revenue: $240 BIllion

Country: Germany

Headquartered in Lower Saxony, Germany, Volkswagen is one of the largest manufacturers of automobiles in the world. It is the parent holding company of other luxury car manufacturers like Audi, Lamborghini, Porsche, Bentley, Bugatti, SEAT, Volkswagen and even motorbike manufacturer Ducati. Volkswagen is second only to Toyota in terms of volume of production of automobiles. It has assets worth more than $400 Billions spread across various countries. Since past few years, it has hardly disappointed its investors and it has returned them good dividends as well. It is involved in research and development of new technologies for sustainable future and design. It also undertakes various programs under Corporate Social Responsibility (CSR) to fulfill its social and ecological objectives.

#7) Royal Dutch Shell

Revenue: $240 Billion

Country: Netherland

Royal Dutch Shell - One of the Richest Companies in the World

This British-Dutch company is involved in exploration and production of oil & gas in various countries across Africa, Asia, Europe, North America and Australia. {Of Course! Not Antarctica} just like Sinopec and Chinese National Petroleum. It is also one of the “Öil Majors” aka “Big Oil” which are known for setting the global oil & gas prices apart from the OPEC cartel. With oil and gas being the bloodline of the global economy, Royal Dutch Shell rakes in hundreds of billions of US Dollars in revenue. To reduce its costs and increase the profits, this oil company is involved in innovation as well. Along with OPEC and other Big Oil companies, Royal Dutch Shell meets the world’s growing energy demand. When the oil prices were at the peak, its revenues were 85% of the GDP of Netherland.

#8) Berkshire Hathaway

Revenue: $223 Billion

Country: United States of America

If you have ever heard of Warren Buffet, the richest investor in the world who always finds a place in the top 10 richest people, then you may guess a bit about this company. It is based in America and is involved in investments in other companies across the worlds. Berkshire Hathaway was once a textile mill until Warren Buffet took it over and transitioned it into a holding company. Buffett, a genius stock market investor and perhaps the greatest investor of all the time, is known in the finance world for his Midas touch. Focussing on long-term diversified investments, under Buffett, Berkshire now holds significant holdings in corporate giants like Coca-Cola, IBM, Heinz Ketchup, and even Apple. Berkshire Hathaway is also one of the largest companies in the world in terms of market capitalization. Its Class A shares are the most expensive stock in the world.

#9) Apple – Richest tech company

Revenue: $215 Billions

Country: USA

Every one of you must have heard of this company. Besides designing and developing smartphones, it is also into computer software and online services like cloud computing. It is the most valuable smartphone brand in the world. By market capitalization, it is also one of the biggest companies in the world. And in the US, it is the biggest. Its founder Steve Jobs, is hailed as the genius inventor in the digital arena and along with figures like Bill Gates, Dennis Ritchie, is counted as one of the most prominent persons of the digital revolution era. (The other revolutions being the Industrial Revolution, Telephone Revolution, and Electronics Revolution). Steve Jobs had enough stake in Apple to make his wife, who inherited his wealth,  one of the richest women in the world.

#10)Exxon Mobil

Revenue: $205 Billion

Revenue: USA

#4) Exxon Mobil Corporation Revenue: $420 Billion

Though a multinational corporation, Exxon Mobil is able to influence America’s foreign policy which in turn, determines future and fate of nations. These are unverified claims, but still, some analysts are of the opinion that behind the fall of Muammar Gaddafi and Saddam Hussein “some oil & gas companies were involved. Exxon Mobil has more than 18 billion barrels of oil reserves under it and it produces nearly 4 million barrels per day of oil. This is near to the production of oil countries like Venezuela, Libya, and Iraq. While on one hand, the world has signed the Paris CLimate Accord, except USA and Syria, on the other hand, Exxon Mobil continues to be one of the global hydrocarbon companies denying climate change. Still, with more than hundreds of billions of dollars in revenues, it is one of the world’s richest oil companies.

Now, we are done with the top 10. Let us see the remaining ten giants!

#11) McKesson

Revenue: $198,533

Being the world’s richest pharmaceutical company, McKesson Corporation is involved in the business of selling medicines and pharmaceutical servic es and products. It is more than a century old and has now entered the markets of other countries like Canada, United Kingdom, Australia and New Zealand. In addition to pharmaceuticals, this company also provides various health plans. On its website, it states its mission as,

“Together with our customers and partners, we are creating a sustainable future for health care. Together we are charting a course to better health”

#12) BP

Revenue: $186,606

Country: United Kingdom

#6) British Petroleum Revenue: $379 Billion

Formerly known as British Petroleum, now BP P.L.C, is the biggest and largest company in the UK. Like other oil and gas “supermajors”, BP is also involved in extraction, production, and refining of oil and gas. It also has a stake in Russia’s largest oil company Rosneft. Back in the year 2010, it was involved in the infamous “Deep Water Horizon Oil Spill” which was probably the largest oil spill ever in the history of mankind leading to severe ecological damage and disturbing the aquatic life of several marine species.

#13) UnitedHealth Group

Revenue: $184,840

Country: USA

Based in America, this company is second to Mckesson Corporation in the health sector. One of its division UnitedHealthCare, provides health care coverage while the other is Optum, which provides IT-enabled health services.

#14) CVS Health

Revenue: $177,526

Another healthcare company on this list, CVS Health is involved in selling pharmaceutical products through its retail stores. It is based in the state of Rhode Island. Apart from its commercial interests, it also undertakes social responsibility programs through its various community centers. Also, this company is involved in fighting the opioid abuse. It employs more than 200,000 employees and is spread across multiple countries.

#15) Samsung Electronics

Revenue: $173,957

Being the richest company in South Korea in terms of Revenue, Samsung is the largest smartphone manufacturer in the world while Apple comes second. Its neighboring country and pariah North Korea has no answer to this multinational electronics conglomerate. Apart from Samsung, carmaker Hyundai and LG Electronics are the two other well known global companies from South Korea.

Remaining five companies/corporations with their revenues are given below:

  • #16) Glencore with revenues $173 Billion
  • #17) Daimler Revenue: $169 Billion
  • #18) General Motors Revenue: $166 Billion
  • #19) AT&T Revenue: $163 Billion
  • #20) EXOR Group Revenue: $154 Billion