Top 10 Largest Companies by Revenue 2020

There are many companies in our world. There is no data on the actual number of companies in our world. Companies are opened for different purposes. The main purpose to open any company is to provide services to the customers and make a profit for the company.

From the profit of the company, investors of the company become richest and the company becomes larger in terms of revenue. Some companies may lose all profits and become bankrupt due to various reasons. In this article, we have listed the 10 largest companies by revenue in the world 2020.

Here is the list of the top 10 largest companies by revenue 2020:

10. BP plc – $226 billion

The British Petroleum Company plc is a multinational oil and gas company and has headquartered in London, United Kingdom. It is also known as ‘Supermajors’ companies in the world. Supermajors is the term to describe the world’s six or seven largest public companies that trade on oil and gas. In 2012, it became the six-largest energy company by market capitalization. 

This company was founded on 14th April 1909 by William Knox D’Arcy. This company operates in nearly 80 countries all around the world and produces around 3.7 million barrels per day of oil equivalent. This company operates its function in all areas of the oil and gas industry including exploration, production, refining, distribution and marketing, and in many other fields. This company also has interests in wind power, smart grid, solar technology, and biofuels. 

The current chairman of BP is Helge Lund. The total assets of this company is about US$295.19 billion as per the 2019 record. This company also has more than 18,700 service stations all around the globe. According to the record in 2020, this company makes $226 billion in revenue and is the 10th largest company in terms of revenue in the world.         

9. Volkswagen – $ 230 billion

Volkswagen is a German automaker company that was founded by the German Labour Front in 1937. The headquarters of this company is in Wolfsburg, Germany. The parent company of this company is Volkswagen AG which is also known as Volkswagen Group. Volkswagen is the German word which means ‘People’s Car’ in German. 

In 2016 and 2017, it became the largest automaker company by its sales. This company has the largest market in China where the company gains 40% of its profit and sales. The sales of this company have continuously increased in the past 16 years. According to the report, the sales of the company were 5.7 million in 2006 which was 10.8 million in 2018. 

The present brand CEO of this company is Ralf Brandstaetter. At present, this company serves the worldwide region. Volkswagen is one of the largest companies in terms of revenue. According to the report in 2020, this company makes about $230 billion in revenue.  

8. Apple Inc. – $233 billion

Apple Inc. is an American multinational technology company that was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. The Headquartered of this company is in Cupertino, California, the USA. Apple Inc. is one of the companies which is also considered as one of the ‘Big Best Tech Companies in the world‘ along with Google, Microsoft, and Facebook. Apple manufactures many hardware products including the iPhone smartphone, the iPad tablet, Apple computer, and many other technological products.  

This company was formerly named as Apple Computer Company later in January 1977 it was named as Apple computer Inc. Apple is one of the highly reputed brands in the world. Apple products are highly demanded in the market and one of the successful brands in the market.   

According to the report, Apple has a total of 511 retail stores. Today, Apple has a worldwide market. The sales of Apple is increasing day by day due to its unique built quality and service. Apple also gives online service in many areas. It is one of the largest companies in terms of revenue. According to the report in 2020, Apple makes about $233 billion in revenue. 

7. Toyota Motor – $237 billion

Toyota Motor Corporation is a multinational Japanese automotive manufacturing company which was founded by Kilchiro Toyoda. This automotive company was established on 28th August 1937. The headquarters of Toyota Motor is in Toyota city, Japan. This company is the largest automotive company in Japan. The current chairman of Toyota Motor is Takeshi Uchiyamada. 

Toyota motor corporation has 364,445 employees worldwide. Toyota is one of the largest automotive companies in the world. It produces more than 10 million vehicles every year. This company produces its vehicles under five brands like Hino, Lexus, Ranz, and Daihatsu.  London Stock Exchange, New York Stock Exchange, and Tokyo Stock Exchange have listed Toyota Motors in the Stock Exchange.

Toyota is also one of the best sellers in the market and is the global market leader of hybrid electric vehicle sellers. Toyota is the largest company in Japan in terms of market capitalization. Due to the higher sales, this company makes higher revenue in business. According to the record, Toyota Motor makes about $237 billion in revenue.

6. ExxonMobil – $246 billion

ExxonMobil is a multinational American oil and gas Corporation which was founded by John Davison Rockefeller Sr on November 30, 1999. The headquarters of this company is in Irving, Texas, the U.S. The current CEO of this company is Darren Woods. Exxon Mobil is descended from Standard Oil. Standard Oil was established in 1870 by Henry Flagler and John D. Rockefeller. 

The service of the company is in a worldwide region. Exxon Mobil produces crude oil, oil products, Natural gases, Petrochemicals, power generation, and many other products. ExxonMobil was also listed in ninth place in the Forbes Global 2000 in 2016. This company produces 3.921 million barrels of oil equivalent daily. 

This is one of the most profitable companies in the world. This company has assets of more than $346.2 billion. ExxonMobil is also listed in 2nd place in the Fortune 5000 in 2007. This company makes about $246 billion in revenue per year.

5. Royal Dutch Shell – $272 billion

Royal Dutch Shell is a multinational British-Dutch oil and gas company and also commonly known as Shell. Royal Dutch Shell is also known as ‘Supermajors’ companies in the world. Supermajors is the term to describe the world’s six or seven largest public companies that trade on oil and gas. This company was founded by the ‘Shell’ line and Royal Dutch line in April 1907.  

The headquarters of this company is in Haagse Hout, The Hague, Netherlands and the registered office is in the Shell center, London, England. The company is active in every field of the oil and gas industry like, exploration, production, refining, transportation, distribution, marketing, petrochemicals, power generation, and trading. This company is also active in renewable energy activities. 

Royal Dutch Shell is also listed in 1st place in the fortune Global 500 list of the world’s largest energy companies in 2013. This company produces 3.7 million barrels of oil equivalent per day. This company is one of the most profitable companies in the world. The total revenues of this company is around $272 billion.    

4. Sinopec Group – $294 billion

Sinopec Group is a Chinese oil and gas company and also known as China Petroleum and Chemical Corporation. Sinopec Group was established in February 2000. The headquarters of Sinopec Group is in Chaoyang District, Beijing, China. This company was also listed in London, New York, and Hong Kong in October 2000. 

This company was established under the joint-stock entity under the China Petrochemical Corporation Group. The present Chairman of this company is Zhao Dong. The president and vice-chairman is Dai Houliang. This company produces products like fuels, Natural gas, lubricants, and petrochemicals. This company also has business all about the oil and gas industry. 

 This is also one of the largest oil refining, gas and petrochemical conglomerates in the world. This is also one of the most profitable companies in the world Sinopec Group is the third-largest company in china and the world’s 4th largest companies by revenue in the world. This company makes about $294 billion in revenue.

3. China National Petroleum Corporation – $299 billion

China National Petroleum Corporation is the Chinese oil and gas company that was established in 1988. The headquarters of China National Petroleum Corporation is in Dongcheng District, Beijing, China. The market of this company is in worldwide areas. This company is the government-owned parent company of publicly listed PetroChina. 

The current chairman of this company is Wang Yilin and the president is Zhang Wei. This company produces petroleum, natural gas, and other petrochemical products. This company is a major investor in different countries in the field of oil and gas industry in the world. This company holds reserves of 3.7 billion barrels of oil equivalent.    

CPNC is one of the largest corporations by revenue in the world. This company is also listed in 4th place in 2019 Fortune Global 500. This company has total assets of CN¥4.034098 trillion as per record of 2015. This company also makes about $299 billion in revenue.  

2. State Grid Corporation of China – $330 billion

State Grid Corporation of China is the state-owned electric utility industry which was established on December 29, 2002. This company is under the state government of China. This company is commonly known as the State grid and is the largest utility company in the world. The headquarters of State Grid is in Xicheng District, Beijing, China. 

The current chairman of this company is Shu Yinbiao. State Grid produces products like the electrical grid, electric power transmission, and many more. This company served in many countries like Australia, Brazil, Italy, Portugal, Greece, Philippines (through NGCP), and many other countries. According to the report, this company has 927,839 employees and more than 1.1 billion customers.

State Grid has total assets of US$ 585.278 billion in 2017. This company is one of the largest companies in terms of revenue in the world. This company makes about $330 billion and becomes the 2nd largest company in terms of revenue in the world. 

1. Walmart- $482.1 billion

Walmart is an American multinational retail company whose headquarters is in Bentonville, Arkansas, the US. This company operates a chain of discount grocery stores, department stores, and hypermarkets. The founder of Walmart is Sam Walton. Sam Walton established this company on July 2, 1962.

Walmart has more than 11,484 stores in 27 countries and operates under 56 different names. Walmart also has the largest number of employees than any other company in the world. Walmart has more than 2.2 million employees all over the world among them 1.5 million is in the United States.

Walmart gives the retailing service of products like electronics, furniture, movies and music, clothing, jewelry, sporting goods and fitness, and many other products. This is also the largest company in terms of revenue in the world. Walmart makes about $482.1 billion in revenue.

Final Words

In this article, You have read about the top 10 largest companies by revenue in the world 2020. This list differs from time to time. In the future, there may be other companies on this list. We will update this article after the changes in the list. Hope! You have enjoyed this article. Thank you!   

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