Top 50 Largest Companies In The World In 2024, that Drives the Economy

Spread the love

Titans of Global Industry: Uncovering Top 50 largest Companies in the world

In the ever-evolving landscape of global business, we’ve witnessed small-sized companies consistently rising to the top and claiming the title for the world’s largest companies in history. In contrast, many of similar companies have failed to remain resilient due to mismanagement of funds, poor management, financial crisis (2008 Crash, The Great Recession, etc.), lack of strategic planning, and lack of innovation.

Despite the difficulties of today’s world, these largest companies remain the forerunners of economic growth and development, thus investors utilize these insights to scout for potential opportunity to capitalize.

Hence, we will explore and unfold top 50 largest companies that have proven to care more about their clients, business, and shareholders, thus diving deep on what sets them apart in their respective sectors. Additionally, investing in these companies would probably make you a profitable and happy investor.

Top 50 largest companies in the world

Top 50 Largest Companies Ranked on Sales, Profits, Assets, and Market Value

50. Nestlé

Founded in 1866, Nestlé is currently the world’s largest food and beverage company, headquartered in Vevey, Switzerland. In 2021 Nestle recorded its all time profit of CHF14.9 billion (USD16.5 billion) of which was driven by the heavy demand of its products during the pandemic.

HeadquartersSalesProfitAssetsMarket Value
SwitzerlandUSD103.5 BUSD12.5 BUSD150.4 BUSD272.1 B

49. Reliance Industries

Reliance Industries is one the largest conglomerates in India, founded by Dhirubhai Ambani in 1960. The company is well diversified, focusing on multiple sectors such telecommunication, retail, refining, petrochemicals and oil. What’s attractive about Reliance Industries is its consistency to report revenue and profits.

HeadquartersSalesProfitAssetsMarket Value
IndiaUSD108.8 BUSD8.4 BUSD210.5 BUSD233.1 B

48. LVMH Moët Hennessey Louis Vuitton

LVMH Moët Hennessey Louis Vuitton is the owner of over 75 prestigious brands across different sectors. The French multinational corporation and conglomerate specialize in luxury goods such as fashion, cosmetics, jewelry, wines and spirits. Key brands include Louis Vuitton, Dior, Fendi, and Moët & Chandon. In additionally, LVHM recorded its biggest sale acquisition of Tiffany & Co., for approximately USD15.8 billion and it was one of the biggest deals in the luxury goods industry.

HeadquartersSalesProfitAssetsMarket Value
FranceUSD93.1 BUSD16.4 BUSD158.7 BUSD432.9 B

47. BP

BP is a global energy company based in United Kingdom. Its business segment involves oil and gas exploration, production, refining, distribution, and marketing. In addition, the company is also one of the biggest investors in renewable energy sources (wind and solar) in transitioning the company to sustainable energy in the near future. During the recovery of Covid-19 pandemic and the geopolitical tensions, BP recorded a record profit of USD27.7 billion due to high gas and oil prices.

HeadquartersSalesProfitAssetsMarket Value
United KingdomUSD202.8 BUSD9.2 BUSD275.4 BUSD104.4 B

46. Taiwan Semiconductors

Founded in 1987, Taiwan Semiconductors is the largest contract semiconductors manufacturer in the world. The company is known for its advanced cutting-edge nodes (5nm and 3nm) technologies and plays a crucial role in the supply chain, producing chips to companies like Apple, Nvidia, and Qualcomm. The company has maintained a health cash book balance, with its cash and cash equivalents exceeding over USD30 billion, allowing the company to invest in advanced technologies, R&D, and capacity expansion, thus returning value back to its shareholders through dividends and share buybacks.

HeadquartersSalesProfitAssetsMarket Value
TaiwanUSD71.5 BUSD27.3 BUSD180.9 BUSD672 B

45. Johnson & Johnson

Founded in 1886, Johnson & Johnson is a multinational corporation, known for its wide range of healthcare products. The company operates its business in three main segments which are pharmaceuticals, medical devices, and consumer health. Johnson & Johnson was one of the leading companies during the Covid-19 pandemic in producing and supplying vaccines. The company has assets valued over USD150 billion and generates about USD52 billion of revenue and its biggest revenue catalyst is the oncology, immunology, and neuroscience drugs.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD89.7 BUSD17.5 BUSD172 BUSD372.2 B

44. TD Bank Group

Founded in 1855, TD Bank Group is the largest financial institution in North America (United States and Canada). The company is known for its consistency to satisfy customers through its financial services, offering personal banking, business banking, investments, and wealth management.

HeadquartersSalesProfitAssetsMarket Value
CanadaUSD80.2 BUSD8.9 BUSD1 430.3 BUSD101.5 B

43. Volkswagen Group

Volkswagen Group is one of the largest car manufacturer in the world, headquartered in Wolfsburg, Germany. The company is known for its diverse luxurious brands such Audi, Porsche, Volkswagen, Bentley, Bugatti and Lamborghini. As a result, the company is a heavy investor in electric vehicles, transitioning the company into sustainable automobile manufacturer and aims to become the leader in the automobile sector.

HeadquartersSalesProfitAssetsMarket Value
GermanyUSD348.6 BUSD16.3 BUSD672 BUSD65.6 B

42. Sinopec

Sinopec, officially known as China Petroleum and Chemical Corporation, is one of the largest oil and gas companies in the world. The company operations include oil and gas exploration, production, refining, and marketing. The company was established in 1998 as China’s efforts to reform the petroleum industry. Sinopec acquired Addax Petroleum for an approximate amount of USD7 billion, enhancing its exploration capabilities in Africa and the Middle East and invest in Canadian Oil Sands projects to secure the oil supply.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD414.9 BUSD8.5 BUSD289.7 BUSD106.8 B

41. Alibaba Group

Founded in 1999 by Jack Ma, Alibaba Group is a multinational conglomerate specializing in e-commerce, technological innovations, and retail. The company’s key business segments includes E-commerce (Alibaba.com, Taobao, and Tmall), Cloud computing, Digital Media and Entertainment, Logistics, and Financial Services. Alibaba’s technological innovations involves Data Analytics, Artificial Intelligence (AI), and Retail Technology. The company reported an approximate amount of USD109 billion annual revenue in the fiscal year ending in March 2023.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD131.3 BUSD11.2 BUSD244.2 BUSD200.8 B

40. Comcast

Comcast is one of the largest telecommunication and media conglomerate in the world, primarily supplying cable television, internet, and phone services. The company typically report revenues exceeding USD100 billion, in 2022 the company reported roughly USD121 billion in revenues. The company generates its income through various segments which includes NBCUniversal and advertising. Comcast focus on technology and innovations to improve internet speed for customers and advanced smart home integrations and voice-activated remotes.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD121.9 BUSD15.4 BUSD263.6 BUSD154.1 B

39. Mitsubishi UFJ Financial

Mitsubishi UFJ Financial is Japan’s largest financial group formed in 2005 through a lucrative merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. The company’s segments includes financial services such as commercial banking, investment banking, asset management and trust banking. The company invest in digital banking and fintech innovations to enhance its services and improve customers experience.

HeadquartersSalesProfitAssetsMarket Value
JapanUSD74 BUSD10.3 BUSD2 667.4 BUSD117.2 B

38. Tencent Holdings

Founded in 1998 by Ma Huateng, Zhang Zhidong and others in Shenzhen, China. Tencent Holdings is the leading Chinese multinational conglomerate specializing in various services such as internet related services and products. The company business segments includes but not limited to Social Media (WeChat), Gaming (PUBG Mobile and Honor of Kings), Digital Content, and Fintech and Cloud. The company generates its revenues through gaming and social media business and typically exceeds USD80 billion annually. Focusing its business strategic planning and innovations through the surging artificial intelligence, cloud computing, and digital entertainment.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD86.2 BUSD18.3 BUSD227.8 BUSD472.3 B

37. AT&T

AT&T is one of the largest telecommunications companies in the world, providing services like wireless communication, broadband, and digital television. The company operates under various brands and divisions, offering both consumer and business market their services. AT&T major acquisitions came from USD86 billion Bellsouth (2016), expanding its footprint across southeastern of U.S, DirectTV (2015) for an approximate USD67 billion, and the Time Warner (2018) for approximate USD85 billion, allowing AT&T to expand its services to integrate media and telecommunication. While competition is fierce, AT&T continues to focus on expanding its 5G network, enhancing customer’s experience.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD122.3 BUSD13.6 BUSD399.4 BUSD124.8 B

36. Santander

Santander is a multinational financial service group, founded in 1857. The company is customer centric and emphasizes on digital innovations, investing in technology for better user experience and its operational efficiency. Santander’s business segment includes retail, corporate and investment banking, and wealth management. Under the leadership of Ana Botin, the bank managed to acquire a small rival Banco Popular for a purchase price of 1 euro in 2017 of which was approximately 1.2 US dollar and allowed Santander to expand its presence across Spain.

HeadquartersSalesProfitAssetsMarket Value
SpainUSD142.8 BUSD12.3 BUSD1 944 BUSD82.1 B

35. UBS

UBS is a Swiss multinational investment bank and financial services company, headquartered in Zurich, Switzerland. The company offers a wide range of financial services including investment banking, wealth management, and asset management. Founded in 1862, UBS is one of the largest bank companies in the world, employing approximately 73 000. Regardless of the fierce competitors such as JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Deutsch bank, USB remains a key player in the global financial sector due to its focus on high net-worth clients and institutional investors.

HeadquartersSalesProfitAssetsMarket Value
SwitzerlandUSD81.3 BUSD28.9 BUSD1 607.1 BUSD97.4 B

34. China Merchants Bank

Founded in 1987, China Merchants Bank is one of the largest commercial banks in the world, headquartered in China. CMB’s business model includes various aspects of finance such as retail banking, corporate banking, risk management, and innovation and technology. The company combines traditional banking and modern technological driven solution.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD70.6 BUSD20.3 BUSD1 594 BUSD127.4 B

33. Verizon Communications

Verizon Communications., is one of the telecommunication giants, engaging in provision of communication, technology information and entertainment products and services to consumers, businesses, and governmental entities globally. It operates in two segments, Verizon Consumer Group and Verizon Business Group. The company’s core areas of operation include wireless communications, broadband services, and digital media, of which its the leading company in deploying 5G and innovative IoT (Internet of Things) solutions.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD134 BUSD11.3 BUSD380.2 BUSD168.6 B

32.BNP Paribas

Founded in 1822, BNP Paribas is one of the largest multinational provider various banking and financial products and services, headquartered in Paris, France. It operates through three divisions: Corporate and Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.

The Corporate and Institutional Banking division offers capital market, securities, investment banking, financing, risk and cash management, and financial advisory services for corporate clients and institutional investors.

The Commercial, Personal Banking & Services division provides financing and equipment leasing services, mobility, and digital banking services, as well as current accounts, savings products, bancassurance, insurance products and services, and consumer loans.

The Investment & Protection Services division provides protection, savings, investment, and real estate services to support individuals, professionals, corporate clients, and institutions.

HeadquartersSalesProfitAssetsMarket Value
FranceUSD157.6 BUSD11.1 BUSD2 862.7 BUSD88.9 B

31. Allianz

Allianz is a global insurance and financial service company with over 125 million private and corporate customers. The company operates in over 70 countries offering range of insurance and financial services including casualty, property, life, health, and asset management.

Allianz expands its global reach through frequently acquisitions and has implemented share buybacks, thus returning value to their shareholders.

HeadquartersSalesProfitAssetsMarket Value
GermanyUSD148.2 BUSD9.7 BUSD1 056.8 BUSD113,8 B

30. China Mobile

China Mobile is the largest mobile telecommunication company in the world by subscriber base and market capitalization. The company offers mobile voice and data services, and other digital services, namely cloud services, Internet of Things (IoT), entertainment, and financial technology services.

With over 900 million subscribers, China Mobile controls a large portion of telecommunications market in China and across the globe. That being said, the company have a strong financial performance, thus reporting solid revenues and profits due to its diversified services.

HeadquartersSalesProfitAssetsMarket Value
Hong KongUSD142.7 BUSD18.7 BUSD281 BUSD204.1 B

29. Ping An Insurance Group

Founded in 1988, Ping An Insurance Group is one of the largest conglomerates, offering range of financial services in China and across the globe. The company offers a wide range of services, including insurance, banking, and asset management.

Ping An Insurance group is amongst the largest companies in the world because of its market leadership, service diversification, reputation, and strong financial performances.

The company invest heavily on innovative technology such as AI and blockchain, thus aiming to improve operational efficiency and customer experience.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD136.1 BUSD11.8 BUSD1 654,8 BUSD105.5 B

28. Citigroup

Founded in 1812, Citigroup is a leading provider of financial service at a global scale, providing wide range of financial services and products to consumers, corporations, governments, and institutions.

with over millions of customers, Citigroup operates its business in 100 countries enabling a diversified revenue stream. The company has a strong emphasis on digital banking and fintech solutions, thus providing an effective operational space and enhancing customer experience. Additionally, the company consistently generates revenue and has a strong balance sheet.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD163.9 BUSD7.8 BUSD2 432.5 BUSD122.2 B

27. RBC

The Royal Bank of Canada (RBC) is one of the largest banks in Canada and a prominent financial service provider in North America. The bank’s business segments includes: Personal and Commercial Banking, Wealth Management, Insurance, Capital Market, and Investor and Treasury Services.

RCB has a well-established reputation and had made significant investments in digital banking, thus enhancing customer experience.

HeadquartersSalesProfitAssetsMarket Value
CanadaUSD90.1 BUSD11.3 BUSD1 477.8 BUSD150.4 B

26. Morgan Stanley

Morgan Stanley is a global leading financial service and product provider, operating in over 40 countries to individuals, corporations, governments, and institutions.

The company’s business segments includes: Wealth Management (advisory, financial planning, and investment management); Investment Management; and Institutional Securities (investment banking, capital market, and sales and trading services).

The company’s strong reputation is a known driver for attracting high-net-worth clients and institutional investors, thus consistently reporting strong profits and revenues.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD99.8 BUSD9.5 BUSD1 228.5 BUSD162.9 B

25. TotalEnergies

Formerly known as Total S.A, TotalEnergies is a French multinational integrated energy and petroleum company. The company is one of the largest oil and gas companies in the world, with a strong focus in transitioning to renewable energy and sustainable practices.

Operating in over 130 countries, the company’s main segments include: Upstream (exploration and production of oil and natural gas); Downstream (refining, distribution, and marketing of petroleum products); Renewable and Power (solar, wind, and other renewable energy sources, also energy storage and electric vehicle charging); Gas, Renewable, and Power (integration of Gas solutions with renewable energy, aiming to create a low-carbon energy system).

The company has a balanced mix investments of fossil fuels and renewable energy, positioning itself for future growth amidst the global energy transitions.

HeadquartersSalesProfitAssetsMarket Value
FranceUSD212.6 BUSD21.5 BUSD283.1 BUSD171.2 B

24. Meta Platforms

Formerly known as Facebook Inc, Meta Platforms a leading technology company, known primarily for its social media platforms, including Facebook, Instagram, and WhatsApp. Founded by Mark Zuckerberg, the company generates its revenues through ads, supplemented virtual reality, and other technological products.

Meta strategic acquisitions includes the likes of Instagram and WhatsApp, expanding its market presence to over billions of active users across all platforms, providing a vast audience for advertisers, thus becoming the powerhouse in digital advertising. Furthermore, the company invests in technological innovations including, virtual reality, augmented reality, and the metaverse.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD142.7 BUSD45.8 BUSD222.8 BUSD1 197 B

23. Goldman Sachs Group

Goldman Sachs Group is one of the leading investment banks globally, consistently recognized for its excellence in various financial services, serving a diverse client base that includes individuals, corporations, and governments. Key operational services include investment banking, securities, consumer banking, and investment management.

The company generates revenue through: Advisory fees on mergers, acquisitions and other transactions; Trading activities (securities and commodities); and Asset management fees managing client investment portfolios.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD116.7 BUSD9.4 BUSD1 698.4 BUSD150.8 B

22. Chevron

Chevron is one of the largest multinational energy companies, operating in various sectors in the energy industry. Its integrated operations allows the company to be involved in every aspect of oil and gas industry, including exploration, refining, production, and distribution of oil and gas.

Chevron invest heavily in advanced technology to enhance its energy production and environmental sustainability while reducing emissions.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD195 BUSD20.3 BUSD261.7 BUSD299.8 B

21. Samsung Electronics

Samsung Electronics is a South Korean multinational electronics company, operating in several segments, including consumer electronics (TV’s, home appliances), mobile communications, semiconductors, and displays (LED, OLED technology).

The company is recognized globally for its technological advancement (quality and innovation) and often competes with apple in the smartphone market.

HeadquartersSalesProfitAssetsMarket Value
South KoreaUSD202.4 BUSD14.9 BUSD349.8 BUSD388 B

20. Walmart

Walmart is a multinational retail corporation, known for its hypermarkets, discounts department stores, and grocery stores. The company operates through several segments including Walmart U.S (retails stores and e-commerce), Walmart international, and Sam’s Club (membership-only warehouse clubs).

The company has a highly effective supply chain and logistics system, enabling low costs maintenance and effective inventory management.

Walmart integrates online and offline shopping experience, with investments in e-commerce and curbside pickups to compete with rivals like Amazon.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD657.3 BUSD18.9 BUSD254.1 BUSD521.1 B

19. UnitedHealth Group

UnitedHealth Group is one of the largest insurance provider, primarily operating in two segments: UnitedHealthcare and Optum.

UnitedHealthcare provides health care benefits and insurance services, including Medicare, Medicaid services, and employer-sponsored plans. In conjunction, Optum focuses on health care services like pharmacy care, data analytics, and healthcare consulting.

What sets the company apart is its integrated healthcare solutions, combining insurance and health services, with an aim to create a comprehensive system that enhances patient care and lowers costs.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD379.5 BUSD15.4 BUSD284.2 BUSD482.9 B

18. PetroChina

PetroChina is the largest oil and gas producer and distributor in China. It is a state-owned enterprise, headquartered in Beijing, and a subsidiary of China National Petroleum Corporation (CNPC).

The company operates on an integrated business model that includes: exploration, production, refining, and distribution of oil and natural gas. Additionally, segments of operation includes: Exploration and Production (exploration and extraction of crude oil and natural gas); Refining and Chemicals (Processing crude oil into refine products and manufactures chemical products); Marketing and Distribution (Covers sales and distribution of refined products and natural gas); and Natural Gas and Pipeline (transportation and distribution of natural gas through pipelines, as well as investments in natural gas infrastructures).

PetroChina made several acquisitions as a strategic plan to enhance its resource base and expansion to a global market. few that stands out involves, Unocal and 60% stake of Canadian Oil Sands Projects.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD399.1 BUSD22.7 BUSD388.1 BUSD177.6 B

17. Shell Plc

Shell Plc is one of the largest oil and gas companies at a global market, operating in over 70 countries. The company operates on an integrated business model that includes: exploration, production, refining, distribution, and marketing of oil and gas, alongside renewable energy sources such as wind and solar, as well as electric vehicle charging infrastructure.

The company has a well diversified portfolio, and operates its business segments in the following: Upstream (exploration and production of oil and natural gas); Downstream (refining and distribution of fuels and lubricants); Renewables and Energy Solutions; and Trading and Supply.

Shell plc collaborates with various stakeholders, and invests in technology developments and innovations such as carbon capture and storage (CCS); Shale, deep-water, and liquefied natural gas (LNG) projects; Renewable and Energy Solutions (solar, wind, and hydrogen energy).

HeadquartersSalesProfitAssetsMarket Value
United KingdomUSD289.7 BUSD17.9 BUSD402 BUSD228.5 B

16. Wells Fargo

Wells Fargo is one of the largest of the banks in the United States, providing a wide range of financial products and services to individuals, businesses, and institutions.

Operating its business on a universal bank, the company provides a a full spectrum of financial services including retail banking, commercial banking, mortgage lending, and investment services. Additionally, the company utilizes data analytics to enhance customer experience and operational efficiency.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD120.1 BUSD18.8 BUSD1 959.2 BUSD212.9 B

15. HSBC Holdings

HSBC Holdings is a multinational banking and financial service organization, headquartered in London, UK. With operations in over 60 countries, HSBC established itself as a global forerunner in the banking and financial sector, providing a wide range of services including retail banking, commercial banking, investment banking, and wealth management.

The company’s segments include collaboration with all seizes of business to offer a tailored solutions and services to corporates, governments and public sector, and Fintech companies.

HSBC invests in technology and infrastructure (digital platforms and cybersecurity), market expansion, and talent development, improving service delivery and customer experience, enhancing growth opportunities, and developing foster innovation and customer service excellence.

HeadquartersSalesProfitAssetsMarket Value
United KingdomUSD144.9 BUSD22.2 BUSD3 000.5 BUSD166.4 B

14. ExxonMobil

ExxonMobil is one of the largest oil and gas companies in the world. The company operates in various segments of the energy sector including, Upstream (exploration, production and development of oil and natural gas); Downstream (refining of crude oil into petroleum products); Chemical (production and marketing of chemical products); Corporate and Financing (financial management, including treasury operations and investment).

Furthermore, the company operates its business based on an integrated operations, technological leadership, and capital discipline, thus focusing on maintaining a strong financial discipline and investments that will yield high returns. Additionally, the company invests in low-carbon technologies (Biofuels and carbon capture storage), as a strategic plan to transition to sustainable energy solution.

ExxonMobil has proven to have oil and natural gas reserves on a global scale, thus providing a solid foundation for future production.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD331.9 BUSD32.8 BUSD377.9 BUSD536.7 B

13. Bank of China

Bank of China is one of the oldest and most influential financial institution in China, serving as a state-owned bank and playing an important role in both domestic and international banking. The bank operates its business model providing financial services like personal banking, corporate banking, investment banking, and treasury operations. Furthermore, the bank invest heavily in infrastructure projects in line with Belt and Road Initiative (BRI) , technology development through fintech and cybersecurity , and green finance. Thus, supporting environmental sustainabilty and reduction of carbon footprint.

In addition, the bank hold reserves such as loan portfolio, foreign exchange (facilitating international trade and currency stability), and capital reserves.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD173.3 BUSD32.1 BUSD4 657.1 BUSD145.7

12. Apple

Founded by Steve Jobs in 1970’s , Apple is a multinational technology company, providing a wide range of services and products. The company is one of the most valuable companies in a global market, known for its products like iPhone, iPad, Mac, Apple Watch, and Apple TV.

The company’s business segment revolves around innovative advancement, creating an integrated ecosystem of hardware , software, and services.

Apple’s acquisitions includes small tech companies to enhance capabilities such AI and augmented reality. Furthermore, the company invest heavily in data centers, retail stores, and supply chain for effective production management, logistics, and service delivery.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD381.6 BUSD100.4 BUSD337.4 BUSD2 911.5 B

11. Toyota Motor

Founded in 1937, Toyota Motor is a Japanese automotive manufacturer known for its commitment to quality, innovation, and sustainability, thus becoming one of the largest car manufacturer in the world.

Toyota Motor ranks amongst top automotive manufacturers in the world in terms of sales. The company sold over 10 million vehicles annually, competing with the likes of Volkswagen for the title of largest car manufacturers by sales volume.

The company invest in future mobility solutions, including electric vehicles (EV’s), hydrogen fuel cells, and autonomous driving technologies. Additionally, the company aims to reduce its carbon footprint and achieve carbon neutrality by 2050 due to its commitment to sustainability.

HeadquartersSalesProfitAssetsMarket Value
JapanUSD311.9 BUSD34.2 BUSD595.4 BUSD274.9 B

10. Alphabet

Established in 2015 as part of corporate restructuring, Alphabet is a parent company of several businesses including Google. Key operation includes Technology, healthcare, and autonomous vehicles.

The company invest heavily in research and development, thus focusing on innovation and developments such as Waymo (self-driving cars) and Verily (Healthcare research); data analytics and artificial intelligence; machine learning, and sustainable technologies.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD317.9 BUSD82.4 BUSD407.4 BUSD2 177.7 B

9. Agricultural Bank of China

Founded in 1951, Agricultural Bank of China is a state-owned company, operating its business through retail banking, corporate banking, and investment banking. Thus, providing financial services to agricultural sector aiming at farmers and agribusinesses to promote rural development.

Despite the primarily focus on China, ABC’s global reach is vast due to expansion of its operations abroad, thus embracing digital transformation, launching digital banking services and mobile apps to enhance accessibility.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD193.5 BUSD37.4 BUSD5 832.9 BUSD170.9 B

8. Microsoft

Founded by Bill Gates and Paul Allen in the mid 1970’s, Microsoft is the leading global technology company, known by its software products, hardware, and cloud services. It’s key products includes operating systems (windows), Office suite (Word, Excel, and PowerPoint), Hardware (Xbox gaming console), and Cloud services (Azure).

Furthermore, Microsoft solidified its brand through acquisition of LinkedIn and GitHub strengthening its networking ecosystem. Additionally, the company invests heavily in cloud computing through Azure, thus aiming to expand its infrastructure and services; Ai and Machine learning; and Gaming, including the acquisition of ZeniMax Media, outlining its commitment to expand Xbox and gaming services.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD236.6 BUSD86.2 BUSD484.3 BUSD3 123.1 B

7. China Construction Bank

Headquartered on Beijing, China Construction Bank is one of the largest banks in the world, funding infrastructure projects across the globe. The company operates its business in several sectors: Corporate banking, personal banking, and treasury operations. One of the company’s biggest revenue drives is through financing projects in sectors such as mining, infrastructure, industrial, and construction; energy; banking and services; debt management; and transportation and storage.

CCB plays a crucial role in China’s economic development through several functions: Belt and Road Initiative (BRI), Infrastructure financing, Global expansion, and more.

One recent major involvement was through Belt and Road Initiative (BRI) of which CCB become a major player of the China-Pakistan Economic Corridor (CPEC) in construction of the Gwadar Port.

HeadquartersSalesProfitAssets Market Value
ChinaUSD199.8 BUSD47 BUSD5 403.8 BUSD187.5 B

6. Amazon

Amazon is a global leader in e-commerce and cloud computing, operating in various segments such as retail, cloud services, entertainment (Amazon prime), groceries (Whole foods), and logistics. The e-commerce giant is committed to sustainability, targeting net-zero carbon by 2040 and investing in renewable energy.

Amazon generates high financial margins through its Amazon Web Services (AWS), overall providing revenue growth, free cash flows for reinvestments and shareholders returns, and solid profit margins.

The company invests heavily in logistics and advanced technology (artificial intelligence, machine learning, and automation) positioning itself for sustainable and future growth.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD509.7 BUSD37.7 BUSD531 BUSD1 922.1 B

5. Bank of America

Bank of America (BofA) is one of the largest financial institutions in the United States and globally. It operates through various segments offering personal banking, corporate, investment, asset and wealth management. The company heavily invests in digital banking and it’s committed in environmental, social, and governance (ESG) initiatives, community development, and renewable energy investments.

The bank generates income through multiple sectors, providing solid returns to shareholders and opportunity for future growth.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD183.3 BUSD25 BUSD3 273.8 BUSD307.3 B

4. ICBC

ICBC is not only the largest bank in China but also in the world by total assets and market capitalization. The company operates on an international scale, offering range of financial services including personal banking, corporate, investment, and asset management. Being a state-owned, ICBC plays a crucial role in implementing government policies and supporting economic development.

ICBC is a heavy investor in technological advancement, focusing on fintech and digital banking service.

HeadquartersSalesProfitAssetsMarket Value
ChinaUSD223.8 BUSD50.4 BUSD6 586 BUSD215.2 B

3. Saudi Arabian Oil Company (Saudi Aramco)

Saudi Arabian Oil Company (Saudi Aramco) is the largest and most valuable company in the world, owned by the states of Saudi Arabia. The company is responsible for for exploration, production, refining, distribution, and marketing of oil and gas.

Saudi Aramco plays a crucial role in global energy sector and is a key driver in Saudi’s economy. The company invest heavily in renewable resources and its operations are primary characterized as “Oligopoly“. What makes Aramco so unique is its technological innovations, production capacity, integrated operations, large amount of oil reserves, and its influence on a global scale (influencing oil prices and policies and acting as a key player in OPEC).

HeadquartersSalesProfitAssetsMarket Value
Saudi ArabiaUSD489.1 BUSD116.9 BUSD661.5 BUSD1 919.3 B

2. Berkshire Hathaway

Berkshire Hathaway is a multinational conglomerate holding company managed by Warren Buffett. The company evolved from textile manufacturer to major player in the insurance, railroads, utilities, and consumer goods. Berkshire Hathaway reported strong financial performance over the years due to its strong business model focusing on long term investments in companies with strong fundamental and completive advantage.

The company made notable acquisitions such as GEICO (largest auto insurers) in 1996, Berkshire Hathaway Energy in 2000 ,and BNSF Railways in 2010 for approximate $44 billion expanding its transportation. The Warren Buffett led company invest heavily on equity investments and holds stakes in public traded companies such as Apple, Coca-Cola, and Bank of America, American Express and Kraft Heinz.

The company is driven by its disciplined investment strategy, strong leadership, and diversified business operations. Berkshire Hathaway reported approximate $302,1 billion in total revenue in the year 2022 and a net income of $47.1 billion. This showcase the company’s drive to return value to its shareholders. The company’s Q2, 2023 financial report was exceptional with revenue of $99.1 billion and $35.9 billion of net income for the quarter.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD369 BUSD73.4 BUSD1 070 BUSD899.1 B

1. JPMorgan Chase

JPMorgan Chase is one of the largest financial institution at a global scale, leveraging in its diversified financial service rendering including Consumer & Community Banking, Corporate & Investment Bank, commercial banking, and Asset & Wealth management. The company target market ranges from individuals at a lower scale to mid-sized companies, NPO’s, corporations, institutional investors, and governments and municipalities, rendering various services such as checking & saving accounts, auto loans, mortgages, wealth management and investment advisory.

The company financial performance showed consistency over the past few years. The compound annual growth rate in the past 5 years showed a significant appreciation, the share price managed to grow from $100 to $150, returning over 10% of CAGR. Furthermore the earning per share (EPS) ranges over $10, of only fell to $8.88 in 2020 due to pandemic hit, however the company performed better the following years.

Overall, the JPMorgan Chase showed consistency, the ability to bounce from financial crisis, solid growth rate, and effective management.

HeadquartersSalesProfitAssetsMarket Value
United StatesUSD252.9 BUSD50 BUSD4 090.7 BUSD588.1 B

sources: Forbes and Yahoo finance

Leave a Reply

Your email address will not be published. Required fields are marked *