what are the biggest companies in the world in 2023?
There are a lot of companies in the world, how then do we know which one is the biggest?
The list of the biggest companies in the world was ranked sourcing data from the various sources online including; market capital, profit margins, stock value among others.
Information was sourced from Businessinsider, Plerdy, Wikipedia and others for writing this article.
In this list of the 20 largest companies in the world, we will be bringing to you the name of the company, a brief description of the company an other relevant information about the company.
The 20 Biggest Companies in the World 2023
Here is the list of the largest companies in the world
|State Grid Corporation of China||$460,616.9|
|China National Petroleum Corporation||$411,692.9|
|China Petrochemical Corporation||$401,313.5|
|China Petrochemical Corporation||$293,712.4|
|United Health Group||$287,597|
Walmart is the world’s largest company by revenue, with about US$570 billion in annual revenue, according to the Fortune Global 500. It is also the largest private employer in the world with 2.2 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 both their holding company Walton Enterprises and their individual holdings
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States, headquartered in Bentonville, Arkansas.
The company was founded by brothers Sam and James “Bud” Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam’s Club retail warehouses
Another one of the biggest companies in the world is Amazon. Founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994, Amazon now leads the way in terms of e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
It has multiple subsidiaries including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), and Amazon Lab126 (computer hardware R&D). Its other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market.
As of 2023, it is the world’s largest online retailer and marketplace, smart speaker provider, cloud computing service through AWS, live-streaming service through Twitch, and Internet company as measured by revenue and market share.
State Grid Corporation of China
The next on our list if biggest companies in the world is State Grid Corporation of China. Commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world the world’s third largest company overall by revenue, behind Walmart and Amazon.
In 2022 it was reported as having 871,145 employees, 1.1 billion customers and revenue equivalent to US$460 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.
China National Petroleum Corporation
China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing.
CNPC is ranked fourth a global ranking of the largest corporations by revenue. CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC.
China Petrochemical Corporation
China Petrochemical Corporation or Sinopec Group is the world’s largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People’s Republic of China. It is headquartered at Chaoyangmenwai in Beijing, across the road from the headquarters of fellow state-owned oil company and competitor CNOOC Group.
Sinopec Ltd. is involved in the production of various petroleum products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers, in addition to exploration of crude oil and natural gas within China.
Among the biggest companies in the world is Saudi Aramco.
Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. As of 2023, it is one of the largest companies in the world by revenue and has repeatedly achieved the largest annual profits in global corporate history. Saudi Aramco has both the world’s second-largest proven crude oil reserves, at more than 270 billion barrels (43 billion cubic metres), and largest daily oil production of all oil-producing companies.
Apple Inc is the 7th biggest company in the world. Apple is the world’s largest technology company by revenue, with US$394.3 billion revenue.
Apple was founded as Apple Computer Company on April 1, 1976, by Steve Wozniak, Steve Jobs and Ronald Wayne to develop and sell Wozniak’s Apple I personal computer. It was incorporated by Jobs and Wozniak as Apple Computer, Inc. in 1977.
Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then at $2 trillion in August 2020, and at $3 trillion in January 2022. As of April 2023, it was valued at around $2.6 trillion
Volkswagen AG known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures, and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as offering related services, including financing, leasing, and fleet management.
The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands, motorcycles under the Ducati name, light commercial vehicles under the Volkswagen Commercial Vehicles brand, and heavy commercial vehicles via the marques of listed subsidiary Traton (Navistar, MAN, Scania and Volkswagen Truck & Bus).
China State Construction Engineering
The China State Construction Engineering Corporation (CSCEC) is the largest construction company in the world by revenue and the 8th largest general contractor in terms of overseas sales
CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands. The company is the world’s largest healthcare company, and its headquarters are in Woonsocket, Rhode Island.
UnitedHealth Group Incorporated is a for-profit American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers healthcare products and insurance services. UnitedHealth Group is the world’s seventh-largest company by revenue and the largest healthcare company by revenue, and the largest insurance company by net premiums. UnitedHealthcare revenues comprise 80% of the Group’s overall revenue.
ExxonMobil Corporation is an American multinationaloil and gas corporation headquartered in Spring, Texas, United States. It is the largest direct descendant of John D. Rockefeller’s Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today.
The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey
Toyota Motor Corporation commonly known as simply Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.
Toyota Motor Corporation produces vehicles under four brands: Daihatsu, Hino, Lexus and the namesake Toyota. The company also holds a 20% stake in Subaru Corporation, a 5.1% stake in Mazda, a 4.9% stake in Suzuki, a 4.6% stake in Isuzu, a 3.8% stake in Yamaha Motor Corporation, and a 2.8% stake in Panasonic, as well as stakes in vehicle manufacturing joint-ventures in China (FAW Toyota and GAC Toyota), the Czech Republic (TPCA), India (Toyota Kirloskar) and the United States (MTMUS).
Toyota is listed on the London Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange and on the Tokyo Stock Exchange, where its stock is a component of the Nikkei 225 and TOPIX Core30 indices.
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance.
The company’s insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power and natural gas distribution.
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New York Stock Exchange. A core component of Big Oil, Shell is the second largest investor-owned oil and gas company in the world by revenue after ExonMobil, and among the world’s largest companies out of any industry. Shell is among the biggest companies in the world
McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and employs over 78,000 employees
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.
Alphabet is the world’s third-largest technology company by revenue and one of the world’s most valuable companies. It is one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft. Alphabet is among the biggest companies in the world
Samsung is a South Korean multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is the pinnacle of the Samsungchaebol. Samsung Electronics has played a key role in the group’s corporate governance due to Cross ownership.
Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people. It is majority-owned by foreign investors.
Samsung Electronics is the world’s second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world
Samsung is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia. Samsung is one of the biggest companies in the world
Trafigura is a multinational commodity trading company domiciled in Singapore with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993.” The company trades in base metals and energy.
It is the world’s largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.
The company operates through a complex network of over 100 subsidiaries across the world, with main operating offices in Geneva and Singapore.
Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan.
In 2021, the company’s annual revenue reached 5.99 trillion New Taiwan dollars (US$175 billion) and was ranked 20th in the 2022 Fortune Global 500. It is the world’s largest technology manufacturer and service provider. Foxconn is among the biggest companies in the world
Who is the richest company in the world?
According to Statista, With 600 billion U.S. dollars in revenue, Walmart topped the ranking of the hundred largest companies globally, followed by the Saudi Arabian oil company Aramco. Walmart was also the largest company in the world based on its number of employees, with some 2.3 million all over the world.
What are the top 5 most successful companies?
- #1 Apple Inc.
- #2 Microsoft Corp.
- #3 Alphabet Inc.
- #4 Ind. and Comm. Bank of China.
- #5 ExxonMobil Corp.
Thank you for reading about the top 20 biggest companies in the world