Top 10 Largest Companies In The World 2023

The Largest Companies in the World

Want to know what is the largest company in the world in 2023? The world’s largest companies represent relatively new, fast-growing industries. While each of these companies has seen changes in their businesses as a result of the COVID-19 pandemic, some have continued to flourish due to their unique advantages. Walmart has been the world’s largest revenue generating company for the past several years. Here we have compiled a list of the top 10 largest companies in the world in 2023 by revenue. Let’s see!

10. CVS Health – $292 billion

• Country: United States
• Headquarters: 1 CVS Drive, Woonsocket, Rhode Island
• Employees: 258,500
• Market Cap: $125.4 billion
• Revenue: $292.1 billion

CVS Health Corporation is an American health solutions company that owns CVS Pharmacy, a retail pharmacy chain. The company is headquartered in Woonsocket, Rhode Island. CVS Health is ranked fourth on the Fortune 500 list and seventh on the Fortune Global 500 list. By revenue, it is the tenth largest company in the world with a revenue of over $292 billion.

Consumer Value Stores (CVS) was founded in 1963 by three partners. who grew the venture out of the parent company, Marc Stevens, Inc., which helped retailers manage their health and beauty aid product lines. The business began as a chain of health and beauty aid stores, but within several years, pharmacies were added.

09. China State Construction – $293 billion

• Country: China
• Headquarters: Beijing, People’s Republic of China
• Employees: 368,327
• Market Cap: $34.2 billion
• Revenue: $293.7 billion

China State Construction Engineering Corporation (CSCEC) is the world’s largest construction company by revenue. While most of CSCEC’s assets were floated on the stock exchange as China State Construction Engineering Corporation Limited (CSCECL), CSCEC retained some assets such as schools and hospitals, as well as a stake in China Construction International Corporation, which was not able to Was.

CSCEC has many branches or subsidiaries. It is divided into five main divisions and twelve traditional core business areas, including the group’s eight engineering offices and four design institutes, as well as its own national research laboratory. The group’s main business units are planning and design, project development, equipment leasing, trading, construction and facilities management.

Its subsidiary and listed company, China State Construction Engineering Corporation Limited, was established in 2007. It was listed on the Shanghai Stock Exchange in 2009 at its IPO price of RMB$4.18 per share.

The stock closed at RMB$6.53 on the first trading day, up 56% from its IPO price. China State Construction Engineering Corporation is one of the largest companies in the world in 2023.

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08. Volkswagen Group – $295 billion

• Country: Germany
• Headquarters: Wolfsburg
• Employees: 662,575
• Market Cap: $84.7 billion
• Revenue: $295.8 billion

Volkswagen Group is a German multinational automotive manufacturing corporation. It is headquartered in Wolfsburg, Lower Saxony, Germany and is owned by Porsche SE. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery.

In 2016, it was the world’s largest automaker by sales, overtaking Toyota, and retained the title in 2020, selling over 10 million vehicles. It ranks eighth in the list of top 10 largest companies in the world in 2023 by revenue.

Volkswagen also has two major joint ventures in China, FAW-Volkswagen and SAIC Volkswagen. The company has operations in approximately 150 countries, and has over 100 production facilities in 27 countries.

07. Apple – $365 billion

• Country: United States
• Headquarters: 1 Apple Park Way Cupertino, California
• Employees: 154,000
• Market Cap: $2.1 trillion (1st)
• Revenue: $365.8

Apple Inc. is an American multinational technology company headquartered in Cupertino, California, United States. Apple is the world’s largest technology company by revenue and the largest by market capitalization, the fourth largest personal computer vendor by unit sales, and the second largest mobile phone manufacturer.

It is one of the Big Five American information technology companies, along with Alphabet, Amazon, Meta and Microsoft. Furthermore, in August 2018, Apple became the first publicly traded US company to be valued at over $1 trillion. Two years later, it became the first company to exceed $2 trillion, and in January 2022 the first to exceed $3 trillion.

Also, the company enjoys a high degree of brand loyalty, and is ranked as the world’s most valuable brand. Apple is one of the top 10 largest companies in the world by revenue

06. Saudi Aramco – $400 billion

• Country: Saudi Arabia
• Headquarters: Dhahran
• Employees: 68,493
• Market Cap: $1.8 trillion
• Revenue: $400.3 billion

Saudi Aramco is one of the largest companies in the world by revenue. It is a Saudi Arabian public petroleum and natural gas company based in Dhahran. Saudi Aramco has the world’s second largest proven crude oil reserves, at over 270 billion barrels (43 billion cubic metres), and the largest daily oil production of all oil producing companies.

It is the largest contributor to global carbon emissions of any company in the world since 1965. On 11 May 2022, Saudi Aramco became the world’s largest (most valuable) company by market cap, surpassing Apple Inc. left behind.

On 11 December 2019, the company’s shares began trading on the Tadawul Stock Exchange. Shares rose to 35.2 Saudi riyals, taking its market capitalization to nearly US$1.88 trillion, and crossed the US$2 trillion mark on its second day of trading. In the 2020 Forbes Global 2000, Saudi Aramco was ranked as the world’s 5th largest public company.

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05. Sinopec Group – $401 billion

• Country: China
• Headquarters: Beijing
• Employees: 542,286
• Market Cap: $72.9 billion
• Revenue: $401.3 billion

China Petrochemical Corporation or Sinopec Group is the world’s largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People’s Republic of China.

Its headquarters are in Chaoyangmenwai in Beijing, across the street from the headquarters of state-owned oil company and competitor CNOOC Group. It is listed in Hong Kong and also traded in Shanghai and New York.

Sinopec Group ranked second on the Fortune Global 500 list in 2020 with revenue of over US$407 billion. In the 2020 Forbes Global 2000, Sinopec was ranked as the world’s 60th largest public company. Sinopec is the fifth largest company in the world by revenue in 2023.

04. China National Petroleum – $411 billion

• Country: China
• Headquarters: Beijing
• Employees: 1,090,345
• Market Cap: $128.2 billion
• Revenue: $411.6 billion

China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China and one of the world’s largest integrated energy conglomerates. It is headquartered in Dongcheng District, Beijing. CNPC was ranked fourth on the 2020 Fortune Global 500, a global ranking of the largest corporations by revenue.

CNPC ranks third among the top 10 largest companies in the world in 2023 by revenue. China National Petroleum Corporation is the state-owned parent company of the publicly listed PetroChina. It was created on 5 November 1999 as part of the reorganisation of CNPC.

03. State Grid – $460 billion

• Country: China
• Headquarters: Beijing
• Employees: 871,145
• Profit: $18.0 billion
• Revenue: $460.6 billion

The State Grid Corporation of China (SGCC) is a Chinese state-owned electric utility corporation. It is the world’s largest utility company, and as of 2023, the world’s third largest by revenue, behind Walmart and Amazon. State Grid Corporation of China was established on December 29, 2002. It was reported to have 871,145 employees, 1.1 billion customers and a revenue equivalent of US$460 billion in 2023.

Following the power plant-grid separation reform in early 2002, the State Electric Power Corporation’s assets were divided into five power generation groups. It maintained power plants belonging to the State Grid Corporation of China and five regional subsidiaries in Beijing. The SGCC is third largest company in the world by revenue.

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02. Amazon – $469 billion

• Country: United States
• Headquarters: Washington
• Employees: 1.6 million
• Market Cap: $896.3 billion
• Revenue: $469.8 billion

Jeff Bezos founded Amazon on July 5, 1994, out of his garage in Bellevue, Washington. It began as an online marketplace for books, but has expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewellery.

It is the world’s largest online retailer and marketplace, provider of smart speakers, cloud computing service through AWS, live-streaming service through Twitch, and Internet company by revenue and market share.

In 2021, it will overtake Walmart as the world’s largest retailer outside China, driven in large part by its paid subscription plan, Amazon Prime, which has more than 200 million customers worldwide. It is the second largest private employer in the United States.

Amazon is an American multinational technology company headquartered in Washington, United States. It collaborates with Google, Apple, Microsoft and Facebook in the US. It is one of the top five companies in the information technology industry. Amazon is the second largest company in the world by revenue in 2023.

01. Walmart – $572 billion

• Country: U.S.
• Headquarters: Bentonville, Ark.
• Employees: 2.3 million
• Market Cap: $384.9 billion
• Revenue: $572.7 billion

Walmart is the largest company in the world in 2023 by revenue, with annual revenue of approximately US$572 billion. Walmart is also the world’s largest private employer with 2.3 million employees. It is a publicly traded family-owned business, as the company is controlled by the Walton family.

Sam Walton’s heirs own more than 50 percent of Walmart through both their holding company, Walton Enterprises, and their personal holdings.

Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores from the United States. Its headquarters are in Bentonville, Arkansas. The company was founded by Sam Walton in 1962 in nearby Rogers, Arkansas and was incorporated under Delaware General Corporation Law on October 31, 1969.

Walmart has 10,526 stores and clubs in 24 countries, operating under 48 different names. Walmart was the largest grocery retailer in the United States in 2019, and 65 percent of Walmart’s US$510.329 billion in sales came from US operations.