Top Ten Richest Companies In The World

Top Ten Richest Companies In The World

The economic development of most of the countries around the world is hit really hard by the crumbling world recession. The growing recession in the world has very negative impact on economic growth of the country as well as the companies around the world. However there are many companies despite the crumbling economic crisis are able to draw a good amount of revenue in the past year. There are many world-renowned companies both private and state owned that did pretty well despite the scary economic condition that grip the whole world. Listed here are theworld’s top ten richest companies that not only survive the recession but also generated a generous amount of revenue.

Exxon Mobil

The number one position in the top ten richest companies in the world is the American multinational oil and gas corporation – Exxon Mobil. The company was able to generate more than $486.4 billion in 2012. The company was formed with the merger of Exxon and Mobil on 30th November 199 with its headquarter situated in Irving, Texas. Exxon Mobil has 37 oil refineries in 21 countries providing employment to 83,000 people is the largest oil refining company in the world. It is also one of the largest publicly traded companies in the world. According to study made at the end of 2007, the company has reserves of 72 billion oil-equivalents which are expected to last over 14 years.

Royal Dutch Shell

Second in the list of top ten richest companies in the world is the Royal Dutch Shell. This is also a global oil and gas company with headquarters in The Hague, Netherlands and London, United Kingdom. Leading the company is its CEO Peter Voser. Royal Dutch Shell having its branches in 90 countries has over 44,000 service stations and provide direct employment to 112,000 people. The company mainly not only deals with the refining of natural oil and gas but also is involved in exploring and producing, distributing and marketing, petrochemicals, power generation and trading. The company in the year 2012 was able to generate $470 billion of revenue.

Wal-Mart

Third in the list is Wal-Mart – an American public multinational corporation that runs chains of large discount department stores and warehouse stores. This retailer company was founded in 1962 by Sam Walton. Having its headquarter in Bentonville, Arkansas; Wal-Mart has 8,500 stores in 15 different countries under 55 different names. Working for the company are its 2,150,000 employees, which is why Wal-Mart is named the biggest private employer. The company in 2012 generated a revenue of $446 billion.  

BP (British Petroleum)

Generating over $386.4 billion in 2012, BP is the world’s fourth richest company. BP again is an oil and gas refining company with its headquarter located in London, United Kingdom. The company was first founded in 1909 under the name Anglo-Persian Oil Company which later was converted to British Petroleum (BP) in 1954. Heading the company is CEO Bob Duddly. BP mainly produces aviation oil and motor oil. Working for the company are its 79,700 employees that has operations in over 80 countries, produces around 3.8 million barrels of oil equivalent per day and has 22,400 service stations worldwide.

Vitol

Another in the list is Vitol. Founded in 1966 by Henk Viëtor and Jacques Detiger, Vitol is a global energy and commodity trading company having its headquarter in Rotterdam, Netherlands and Geneva, Switzerland. The company in 2012 generated nearly $297 billion in revenue that ships over 400 million tons of oil every year.  

Sinopec

Having headquartered in Chaoyang District, Beijing China, is yet another richest company in the world. It is one of the major state owned petroleum companies in China. Not only it involved in exploration, production and refining of natural oil and gas but also works on the production and sales of petrochemicals, chemical fibers, chemical fertilizers, and other chemical products; storage and pipeline transportation of crude oil and natural gas; import, export and import/export agency business of crude oil, natural gas, refined oil products, petrochemicals, and other chemicals. The company that generated $273.4 billion in revenue has 400,500 employees working for it.

Chevron

Ranked 7th in the list, Chevron is also an oil and gas company. Situated in San Ramon, California, the company operated in over 180 countries around the world. Having 61,500 employees working around the clock, the company generated around $253.7 billion in revenue in 2012.