The Biggest Companies In The World In 2017: The Top 10 Business Giants
These 10 companies make a huge chunk of the world economy, affecting all of our lives.
In spite of the uncertainty surrounding the global market, the world's largest companies are doing better than ever. The 2017 biggest companies in the world pretty much shape the way people around the world work, live, play, and shop, says Fortune, which compiles a list of the world's largest companies every year in its Global 500 list.
Here are the 2017 biggest companies in the world, according to their revenue.
10. Exxon Mobil — $205 billion
Exxon Mobil's revenue dropped by 16.7% in the last fiscal year, but it remains the world's largest publicly-traded oil and gas company by market value. Founded in 1870, the company now has more than 35,000 gross and 29,000 net operated wells.
9. Apple — $215.6 billion
Apple has been growing steadily for more than a decade, but recently, the tech giant seems to have hit a wall. Their revenue has dropped by 7.7%, but they're still the most profitable publicly-traded company in the world.
8. Berkshire Hathaway — $223.6 billion
This is the highest that Warren Buffett's holding company has ranked on the Global 500. Berkshire Hathaway's revenue has increased by 6.1% this year, and three-quarters of its revenue come from its non-financial businesses, such as car insurance company Geico and underwear maker Fruit of the Loom.
7. Royal Dutch Shell — $240 billion
Operating in over 70 countries and producing around 3.7 million barrels of oil a day, Shell is listed on the London Stock Exchange with a market cap of £193 billion. That's more than any other listed corporation on the exchange.
6. Volkswagen — $240.3 billion
The largest automaker by worldwide sales, Volkswagen manufactures affordable cars that are highly popular in China and Germany. Today, Volkswagen Group controls other auto brands, such as Audi, Lamborghini, MAN, and Bentley.
5. Toyota Motor — $254.7 billion
Toyota is the world's biggest automotive manufacturer and the world's market leader in sales of hybrid cars. The Japanese company also produces automobiles for Lexus, Hino, Ranz, and Daihatsu.
4. China National Petroleum Corporation — $262.6 billion
The largest integrated energy company in China, CNPC's main challenge is to keep up with green energy standards as the demand for energy rises in the country. Its revenue dropped by 12.3% in the last fiscal year.
3. Sinopec Group — $267.5 billion
This state-owned Chinese oil and gas company has been the third-largest chemical producer by sales since 2014. Its revenue has dropped 9.1% in the last fiscal year, and its recent scandals haven't helped. In January 2017, former Sinopec president Wang Tianpu faced jail time for embezzlement and accepting bribes while he was with the company.
2. State Grid — $315.2 billion
Another state-owned Chinese company, State Grid is the world's largest electric utility company. It holds a monopoly in China, and it now owns and manages five regional power grid companies and 24 electric power companies.
1. Walmart — $485.9 billion
Transitioning from brick-and-mortar to digital, Walmart has been investing in technology to gain more market share. The retail giant operates more than 11,000 physical stores in 28 countries, as well as e-commerce websites in 11 countries.
What do you think of the 2017 biggest companies in the world? Let us know your thoughts in the comments!
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