Top 10 RICHEST Companies With TOO MUCH Money
From state-owned electrical companies, to shopping store conglomerates, in this top 10 video, we’ll take a look at the top 10 corporations with the largest annual earnings. Earnings are based in US dollars and are recorded for the 2013 and 2014 fiscal year.
ExxonMobil is an American oil and gas corporation whose headquarters can be found in Irving, Texas. It is the successor to John D. Rockefellers Standard Oil company and was founded on November 30th, 1999 by the merger that occurred between Exxon and Mobil. What you must keep in mind is that it is not the richest company, but the largest by revenue like the others on this list. They own 37 oil refineries in 21 countries, which allow ExxonMobil to produce 6.3 million barrels daily. This multinational company now boasts over 75,000 employees and makes an estimated $491 billion each and every year.
Very little is known about Sinopec, Asia’s largest oil refining and petrochemical company. It goes by several names including China Petrochemical Corporation. Sinopec’s headquarters is located in Beijing, China, directly across the road from its competitor CNOOC. Sources say that it is an employer for over 400,000 people and makes around $486 billion per year, but as we mentioned before, they certainly are the most private of the industries highlighted on this list.
Walmart Stores Incorporated
Walmart Stores Incorporated, known to most as Walmart, is a multinational retail warehouse that offers everyday items at discounted rates in most cases. This said to be “evil corporation” is headquartered in Bentonville, Arkansas. An interesting side note is that the company was incorporated on Halloween of 1969, but we doubt that’s the reason it’s referred to as being ‘evil.’ Eleven-thousand stores in twenty-seven separate countries make up its market share. With over two million workers, Walmart is also the world’s largest private employer, but at the same time; more people that work at Walmart use food stamps than any other company. Whatever your views may be, you cannot deny the fact that it is the leading retail store in the world, and last year alone earned some $476 billion.
The China Natural Petroleum Corporation
The China Natural Petroleum Corporation is a Chinese state-owned oil and gas corporation and the largest integrated energy source in the Peoples Republic of China. Their headquarters can be found in the Dongcheng District of Beijing. On September 17th, 1988, the CPNC was founded to handle Petroleum activities and to disband the Ministry of Petroleum. Unlike the Chinese Petroleum Corporation, the CPNC can be traced back to its roots as a government department. It has a colossal reserve of 3.7 billion barrels of oil and is operational in multiple other countries. Housing over 1.6 million workers, this ‘big business’ makes an estimated $445 billion each year.
BP is a multinational oil and gas company headquartered in London, England. This major corporation dabbles in all realms of the oil industry including: exploration, production, refining, and distribution. They have even begun to research renewable energies such as biofuels and wind turbo power. BP currently has operations in eighty some countries, and produces up to 3.2 million barrels of crude oil a day. As sad as it is, British Petroleum (which is the company’s former name) has been involved in several different environmental incidents including the Deepwater Horizon spill of 2010 that reportedly killed eleven people. Founded in 1909, it now employs more than 84,000 people worldwide and earned an estimated $379 billion last year.
Royal Dutch Shell
Royal Dutch Shell is more commonly referred to as just ‘Shell.’ It is a Netherlands-based multinational oil and gas company. Since merging with a UK based petroleum trading and transport company, they have been considered one of the six superpowers in the industry. Like others on this list, Shell is very well integrated and is active in almost every area of the oil and gas market. These range from exploration to distribution and many others. It was founded in 1907 and now employs roughly 100,000 people. Analyst’s estimate the company receives around $378 billion in profit every year.
Saudi Arabian Oil Company
Saudi Aramco, officially titled the Saudi Arabian Oil Company is based in Dhahran and drills more petroleum and natural gas than any other corporation out there. The Financial Times estimates it to be worth $10 trillion, which would make Aramco the most valuable corporation; if you were to include their reserves of natural gas and petroleum, this number would triple. In 2013, the business sold 3.4 billion barrels of crude oil. They were all drilled from more than a hundred oil and gas fields within the country. Aramco was founded in 1933 out of nothing and has turned into the most successful business in the world. With over 57,000 workers, Aramco made a whopping $365 billion in the past year alone.
The State Grid Corporation of China
The State Grid Corporation of China is the largest state-owned electric power company in the world. It transmits and distributes power throughout all of China. This company, which now employs over 1.5 million workers, was founded on December 29th, 2002 by the Chinese government in hopes of restructuring their power grid. Due to blackouts as a result of faulty equipment or quite possibly neglect, over $16 billion was lost in the first three years of operation. A lot has changed since these times, and last year alone, the company made $338 billion.
The Vitol Group
The Vitol Group is a Swiss-based energy and commodity trading corporation. It was founded in 1966 and is a private company with just over five thousand employees. Currently Vitol is the largest independent energy trader in the world. 270 Million tons of crude oil is shipped each year to their investors. Along with this natural resource, Vitol also trades coal, natural gas, and even some agricultural products. This successful corporation now makes $307 billion each year, a number that has been rising since 2012.
The Volkswagen Group is a German automotive manufacturing company. In 2012, it surpassed General Motors in sales and is currently in second place only to be showed up by Toyota. Volkswagen designs, manufactures, and distributes a variety of motorized vehicles which range from motorcycles to turbo-machinery. The company has had the largest market share in Europe and has unintentionally created a monopoly of sorts because of its popularity. Popular sports cars sold by Volkswagen include: the Bentley, Lamborghini, and Porsche. Founded in 1937, Volkswagen has come a long way from its humble beginnings and is now making $263 billion each year.