List of Companies By Revenue
With the numerous companies worldwide that are vying for the top spot, below are the top 10 largest companies in the world based on December 31, 2012 revenues.
Exxon Mobil Corporation
A descendant of the John Rockefeller’s Standard Oil Company, Exxon Mobil is a multinational company that deals mainly with oil and gas. As of December 31, 2012, the company earned $482 billion and by 2013, it became the world’s largest publicly traded company by market capitalization based on the number of shares issued per day. Aside from this, ExxonMobil also produces 3.921 million barrels of oil equivalent everyday, making the company as one of the largest publicly owned oil and gas company in the world. And with 37 oil refineries located in 21 countries worldwide, it is also the largest oil refiner in the world with a refining capacity of 6.3 million barrels per day.
Royal Dutch Shell
A product of merger of rival companies in 1907, Royal Dutch Shell, also known as Shell, is another super major company that deals with oil and gas. Shell is also active in exploration and production, refining, distribution and marketing of oil and gas as well as power generation and trading. Currently, Shell is involved in renewable energy activities such as production of biofuels, a fuel derived from carbon fixation. It operates in over 90 countries worldwide, producing 3.1 million barrels of oil equivalent daily whose 2012 revenue amounted to $481 billion.
Focusing on selling products at an affordable price in order to get a higher sales volume at a lower profit margin, Sam Walton established Walmart Stores in 1962. Currently, Walmart is 48% controlled by the Walton family and is considered the largest retailer in the world with $469 billion in revenues. It is also the largest grocery retailer in the United States and the biggest private employer in the world with over 2 million employees. Walmart also has 8,500 stores worldwide that operate under a different name including Walmex in Mexico, Asda in United Kingdom and Seiyu in Japan. It follows 3 retail formats: Discount Stores, Supercenters and Walmart Markets.
Established in July 1998, China Petrochemical Corporation or Sinopec Group is a State-owned company whose products include petroleum and petrochemicals. Sinopec’s business activities also consists of exploration, production, storage and transportation, marketing, refining and utilization of oil and natural gas and other petroleum products, as well as wholesaling of gasoline, kerosene and diesel. Sinopec Group is the world’s 4th largest company with $441 billion in revenue.
Also one of the super majors in oil and gas, BP Plc is a British multinational corporation that operates in all areas of oil and gas industry. The company started under the name Anglo Persian Oil Company in 1909, a subsidiary of Burmah Oil Company, to take advantage of the oil discoveries in Iran. The name was later on changed to British Petroleum and became a private company between 1979 and 1987. At present, BP produces 3.3. million barrels of oil equivalents per day and is operating in over 80 countries with 20,700 service stations worldwide. The company earned $388 billion as of December 2012, making it the fifth largest company by revenues in the world.
China National Petroleum Corporation
Another State-owned oil and gas corporation in China, the China National Petroleum Corporation or CNPC was formed by the Chinese government in 1949 to focus on the management of fuel. With $378 billion revenue as of December 2012, CNPC has 3.7 billion reserves of oil and is capable of producing 54 billion cubic meters of natural gas. Also, the company has 30 exploration and production projects in 30 different countries including Canada, Iran, Sudan and Azerbaijan that are run by its subsidiary, Great Wall Drilling Company. Like any other petroleum companies, CNPC was also involved in several accidents such as oil spills, gas leaks and chemical explosions.
Also known as the Saudi Arabian Oil Company, Saudi Aramco is also oil and natural gas company and the world’s most valuable company with an estimated value of $10 trillion, according to Financial Times. Established in 1933, Saudi Aramco has presently the largest crude oil reserves at more than 260 billion barrels and 279 trillion standard cubic feet of natural gas reserves. It has a yearly production at 7.9 billion barrels and manages more than 100 oil and gas fields in Saudi Arabia alone. It also owns the largest oil field in the world with $356 billion revenues to date.
Established in 1966 by Henk Vietor, Vitol Group is one of the world’s biggest energy and commodity trading company. Being in the crude and product trading business, Vitol is the largest independent energy trader that ships more than 400 million tons of crude oil every year and has revenue of $303 billion as of 2012. Aside from crude oil, Vitol trades natural gas, coal, power and various agricultural products. It is also involved in oil storage terminals and oil exploration and production projects with an increasing portfolio of exploration and development assets in West African region.
State Grid Corporation of China
In its effort to reform the power sector and separate the generation and transmission functions, the Chinese government established State Grid Corporation of China (SGCC) in 2002. At present, SGCC is the world’s largest electric utilities company and is 7th in the 2011 Fortune Global 500 ranking. Aside from its success in the business world, SGCC is able to provide free electricity in previously unconnected rural areas in China under its project, “Power for All.” As a result, Chinese families were able to purchase electronic appliances for the first time such as refrigerators and televisions and helped in improving the farmer’s work through the automated irrigation system.
Another super major and one of the world’s biggest oil companies, Chevron was formed in 1879 under the trade name Pacific Coast Oil Company. At present, Chevron operates in more than 180 countries with an estimated 19,550 retail sites and is likewise involved in the exploration, production, refining, marketing and transport of oil, gas and other related products. The company is capable of producing 2.763 million barrels of oil equivalent daily and has a 10.545 billion barrel oil equivalent reserve as of 2010.