Top 10 Biggest Companies in the World 2020
Top 10 Biggest Companies in the World 2020

Top 10 Biggest Companies in the World 2020

Most companies around the world are small businesses. They are oftentimes called the backbone of a country and the local economy. But then there are also the mega-corporations that influence the entire global economy. Their revenues go well into the billions, making even more than some entire countries put together.

But what are the biggest companies in the world? Our updated Top 10 ranking will show you just that. The ranking is based on the most recent revenues a company managed to earn.

top 10 biggest companies in the world

The 10 Biggest Companies in the World 2020

(Last Update: June 2020)

Top 10 Biggest Companies based on the most up-to-date revenue numbers available.

 

1. Walmart

Walmart - biggest company in the world

Revenue: $524.0 billion

Founded in: 1962
Based in: Bentonville, Arkansas, USA
Worldwide number of employees: ~ 2.2 million
Type of Industry: Retail

Walmart is the biggest company in the world right now. The American retail company generated an astounding revenue of $524 billion in 2019. This number is even more impressive if you consider that Walmart isn’t active all around the world. It has a rather slim presence in Europe for example. But the Arkansas-based company founded by Sam Walton in 1962 remains the by far most popular supermarket in the Americas, which contributed most to Walmart’s half-trillion revenue last year. By employing more than 2 million people worldwide, Walmart is also the largest private employer in the world.


2. Sinopec

sinopec - second of the 10 biggest companies in the world

Revenue: $414.6 billion

Founded in: 2000
Based in: Beijing, Municipality of Beijing, China
Worldwide number of employees: ~ 250,000
Type of Industry: Oil & Gas

Sinopec is the world’s second-biggest company by revenue. The state-owned Chinese Oil and Gas company belongs to both the world’s biggest producers of refined oil as well as gas. The Beijing-based corporation has now become the biggest oil & gas company in the world. Pretty impressive for a company that only exists since 2000.


3. State Grid

State Grid Corporation of China logo.svg

Revenue: $387.1 billion

Founded in: 2002
Based in: Beijing, Municipality of Beijing, China
Worldwide number of employees: ~ 1.5 million
Type of Industry: Electric Utilities

The State Grid Corporation of China concludes the Top 3 of the currently biggest companies in the world. The Chinese company is of course also state-owned. State Grid is an electric utility company that enjoys a monopoly on the Chinese market (which happens to be the most populous in the world). State Grid builds and owns all power plants and other electrical infrastructure in China. Additionally, the corporation recently also started to invest in various oversea projects.


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4. Saudi Aramco

Saudi Aramco logo.svg

Revenue: $355.9 billion

Founded in: 1988
Based in: Dhahran, Eastern Province, Saudi Arabia
Worldwide number of employees: ~ 76,000
Type of Industry: Oil & Gas

Saudi Aramco is another oil & gas company and the currently biggest outside China. In many ways, Saudi Aramco is the most powerful and influential corporation within the oil industry. No other company is able to directly influence the global price of oil. Based in Dhahran in the Eastern Province of the country, Saudi Aramco is practically entirely owned and controlled by the government of the Kingdom of Saudi Arabia.


5. China National Petroleum

CNPC.svg

Revenue: $354.0 billion

Founded in: 1988
Based in: Beijing, Municipality of Beijing, China
Worldwide number of employees: ~ 1.6 million
Type of Industry: Oil & Gas

The currently fifth largest company is yet again an Oil & Gas company and yet another state-owned Chinese one at that. Beijing-based China National Petroleum is significantly older than Sinopec and, while also government-owned, is known to be a bit more open to private investors.


6. Royal Dutch Shell

Shell - number 3 of the 10 biggest companies in the world

Revenue: $344.9 billion

Founded in: 1907
Based in: The Hague, South Holland, Netherlands
Worldwide number of employees: ~ 82,000
Type of Industry: Oil & Gas

The sixth among the Top 10 biggest companies in the world is also an Oil and Gas company. The Hague-based company owns oil and gas wells all around the world and has so for over a century. Royal Dutch Shell is in fact the oldest company in the current Top 10 of the biggest companies in the world.


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7. Volkswagen

Volkswagen biggest automobile company in the world

Revenue: $282.9 billion

Founded in: 1937
Based in: Wolfsburg, Lower Saxony, Germany
Worldwide number of employees: ~ 665,000
Type of Industry: Automobiles

Volkswagen is the biggest car company and third-biggest non-oil producing company in the world. The German corporation owns several German and non-German car brands (e.g. Audi, Porsche, Lamborghini, etc.), but of course, it also produce cars under its own brand.


8. Amazon

top 10 largest companies in the world

Revenue: $280.5 billion

Founded in: 1994
Based in: Seattle, Washington, USA
Worldwide number of employees: ~ 840,000
Type of Industry: Online Retail

The world’s biggest online retailer is now also one of the 10 largest companies in the world. Founded in 1994 by Jeff Bezos, the richest man in the world currently, Amazon is now a truly global phenomenon, selling a huge variety of products all over the world.


9. ExxonMobil

Exxon Mobil Logo.svg

Revenue: $279.3 billion

Founded in: 1999
Based in: Irving, Texas, USA
Worldwide number of employees: ~ 71,000
Type of Industry: Oil & Gas

ExxonMobil is the biggest American oil & gas company. The Texan company spun off the legendary Standard Oil company, founded by John Rockefeller, one of the richest men to have ever lived. ExxonMobil remains one of the big players in the oil market.


READ ALSO: The 10 Richest Billionaires in the World in 2020

10. BP

bp - british petroleum - number 7 of the biggest companies in the world

Revenue: $278.4 billion

Founded in: 1909
Based in: London, England, UK
Worldwide number of employees: ~ 73,000
Type of Industry: Oil & Gas

BP (British Petroleum) is a British oil & gas company. Much like Shell, it belongs to the most tradition-rich companies in the oil industry and despite some problems in recent years still is among the biggest companies in the world.

 

Summary:

Here is a quick recap of The 10 Biggest Companies in the World 2020.

 

(Last Update: June 2020)

1. WALMART
Revenue: $524.0 billion
2. SINOPEC
Revenue: $414.6 billion
3. STATE GRID
Revenue: $387.1 billion
4. SAUDI ARAMCO
Revenue: $355.9 billion
5. CHINA NATIONAL PETROLEUM
Revenue: $354.0 billion
6. ROYAL DUTCH SHELL
Revenue: $344.9 billion
7. VOLKSWAGEN
Revenue: $282.9 billion
8. AMAZON
Revenue: $280.5 billion
9. EXXONMOBIL
Revenue: 279.3 billion
10. BP
Revenue: $278.4 billion

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