The road to becoming rich is a long and arduous one. You have to struggle your way through. It can involve making sacrifices galore. There may be occasions when you can just feel the need to give up. These are tough situations, but when the going gets tough, the tough get going. Perseverance is the key. You have to keep chipping away at the blocks until you find the right breakthrough.
Each of the companies listed below other than the state owned ones, had to go through these ordeals. That they have managed to triumph over all odds is a tribute to the excellent working culture of these companies. They have rightfully earned the reputation of being the top richest companies in the world in 2017-2018.
Let us glance through the top performers. Many factors go into deciding the richest organization in the world. However, we shall concentrate on the revenue generated by the companies over the past year. The list includes a fair representation from various sections of the industry such as retail, consumer electronics, oil/gas, etc.
Here are the top 10 Richest Organizations In The World in 2017-2018
10. BP: Oil and Gas, $ 225.982 billion
In spite of a large payout due to accidents down the line, BP P.L.C is the No. 10 richest organization in the world with total revenue of $225.982 billion last year. Always on the list of the top oil and gas ‘super majors’ in the world, BP formerly known as British Petroleum operates in all areas of oil and gas industry. This includes exploration, extraction, refining, distribution, marketing, and finally trading. Having its presence in more than 70 countries in the world, this company has more than 17,200 service stations worldwide making it one of the largest corporations as well.
9. Apple: Consumer Electronics, $233.715 billion
Who has not heard of Apple? The consumer electronics giant is responsible for the manufacture of the extremely popular products such as the iPad and the iPhone. The Mac Computer has also gained popularity over the years. The release of the iPhone 7 and the Apple smart watch last year has catapulted this company into the top 10 with revenue of $233.715 billion. This makes it occupy the 9th spot on this list. Considering the ever growing popularity of the Apple products all over the world, it will not be a surprise if this Company surges ahead in the future.
8. Toyota: Automotive, $236.592 billion
Consistently manufacturing more than 10 million vehicles per year since 2012, Toyota has earned the reputation of being the second largest automotive manufacturer in the world. Having its base in Toyota, Aichi, Japan Toyota is the market leader as far as the sales of the hybrid electric vehicles are concerned. Known for manufacturing one of the most durable automotive engines in the world, Toyota is at No. 8 in this list with revenue earnings of $236.592 billion last year.
7. Volkswagen: Automotive, $236.600 billion
Having its headquarters in Wolfsburg, Germany Volkswagen Group is the largest automotive manufacturer in the world today. The sales of 10.3 million units last year saw this Company overtake Toyota. It garnered the largest market share in Europe as well. Some of its most popular brands are Audi, Bentley, Porsche, Skoda, etc. The revenue earnings of $236.600 billion pushes it to the 7th place just nosing ahead of Toyota.
6. Exxon Mobil: Oil and Gas, $246.204 billion
When you have a couple of automobile manufacturers in this list of the richest organizations in the world, it is natural that you should have the oil and gas companies as well. You need gas to run automobiles. Hence, it is no surprise that you have Exxon Mobil Corporation at No. 6 on the list of the Top 10 richest organizations in the world today. Mergers and acquisitions down the line resulted in the expansion of the business of the Standard Oil Company. This was the old name of Exxon Mobil Corporation. The merger of Exxon with Mobil in 1999 enabled this company to increase their market share tremendously. Today, they have revenue earnings of $246.204 billion.
5. Royal Dutch Shell: Oil and Gas, $272.156 billion
Incorporated in the UK and having its headquarters in the Netherlands, Royal Dutch Shell is at the No. 5 position with annual revenues of $272.156 billion last year. A vertically integrated company, Royal Dutch Shell manages every area of oil industry right from the exploration and extraction part to the final trading at the distribution outlets. Every oil and gas company contributes a lot to the renewable energy resources in the form of bio fuels and wind energy. Having around 44,000 service stations worldwide spread over 70 countries, this Company deserves the No. 5 spot.
4. Sinopec Group: Oil and Gas, $294.344 billion
China is one of the fastest growing economies in the world today. There is no dearth of resources in China. They have tremendously skilled labour as well. Therefore, it deserves to have representations in the top 10 richest organizations. At No. 4, we have the China Petrochemical Corporation, also known as the Sinopec Group. This state owned enterprise has earnings of $294.344 billion, making it one of the largest oil and gas industries in the world.
3. China National Petroleum: Oil and Gas, $299.271 billion
The State has a considerable stake in the oil and gas sector in China. Hence, there is no dearth of investment. The Chinese National Petroleum Corporation is the largest oil and gas producing organization in China. It caters to practically every area of the industry from the exploration to the final delivery. Employing around 1.6 million people, this mammoth Company has earned revenue of $299.271 billion last year making it the 3rd richest organization in the world.
2. State Grid: Electric utility, $329.601 billion
The No. 2 spot rightfully belongs to the State Grid Corporation of China, also known as the State Grid. This Company has the monopoly of electricity distribution in China and has the distinction of being the largest utility company in the world. Having its headquarters in Beijing, the State Grid has earnings of $29.601 billion last year enabling it to retain the No. 2 spot in this list.
1. Walmart: Retail, $482.130 billion
The above nine organization collectively has around 4.5 million employees. Now, where do you think the majority of these people fulfill their retail requirements? Naturally, the Company that caters to this requirement should rank up there among the top of this list. Yes, the name is Walmart. With revenue of $482.130 billion last year, this company in the retail sector is the undisputed No. 1 in this list. Having a chain of around 11,700 stores in about 28 countries, Walmart employs more than 2.3 million people. This makes it the largest private employer in the world.
You could have seen that some of the organizations listed above have annual revenue exceeding the total GDP of many countries in the world. This should give you an idea about the extent of the operations of these Fortune 500 companies.