What are the Top 10 Largest Companies Globally?

When it comes to the global business landscape, size often matters. The largest companies in the world not only wield immense economic influence but also play a crucial role in shaping our everyday lives. In this article, we will take a closer look at the top 10 largest companies globally, as of January 2023, ranked by their 12-month trailing revenue.

  1. Walmart Inc. (WMT) - Revenue (TTM): $600.11 billion

    • Net Income (TTM): $8.97 billion
    • Market Cap: $390.66 billion
    • 1-Year Trailing Total Return: 1.75%
    • Exchange: New York Stock Exchange

    Walmart, founded in 1962, is the world's largest retailer, operating a wide range of stores and a robust online platform. From clothing and home goods to pharmaceutical supplies and automotive equipment, Walmart's extensive product offerings serve consumers worldwide.

  2. Amazon.com Inc. (AMZN) - Revenue (TTM): $502.19 billion

    • Net Income (TTM): $11.32 billion
    • Market Cap: $916.82 billion
    • 1-Year Trailing Total Return: -44.35%
    • Exchange: NASDAQ

    Amazon, initially an online bookseller, has evolved into the world's leading online retailer. It spans various retail categories and owns subsidiaries like Whole Foods Market and Ring. Beyond e-commerce, Amazon's growth areas include cloud computing, subscription products (e.g., Amazon Prime), and streaming services.

  3. China Petroleum & Chemical Corp. (Sinopec) - Revenue (TTM): $486.84 billion

    • Net Income (TTM): $10.47 billion
    • Market Cap: $60.32 billion
    • 1-Year Trailing Total Return: 19.61%
    • Exchange: OTC Markets

    Sinopec is a Chinese giant in the petrochemical and petroleum industry. They produce gasoline, diesel, synthetic rubbers, jet fuel, and more, making them one of the largest oil refining and petrochemical companies globally.

  4. PetroChina Co. Ltd. - Revenue (TTM): $486.40 billion

    • Net Income (TTM): $20.89 billion
    • Market Cap: $82.73 billion
    • 1-Year Trailing Total Return: 15.24%
    • Exchange: OTC Markets

    PetroChina, a subsidiary of China National Petroleum Corporation, engages in oil exploration, production, sales, and petrochemical manufacturing. They play a pivotal role in the energy sector.

  5. Apple Inc. (AAPL) - Revenue (TTM): $394.33 billion

    • Net Income (TTM): $99.80 billion
    • Market Cap: $2.08 trillion
    • 1-Year Trailing Total Return: -23.64%
    • Exchange: NASDAQ

    Apple is synonymous with consumer technology, offering a range of products from smartphones to personal computers. In addition, the company has made strides in digital services and entertainment through Apple+.

  6. Exxon Mobil Corp. (XOM) - Revenue (TTM): $386.82 billion

    • Net Income (TTM): $51.86 billion
    • Market Cap: $453.38 billion
    • 1-Year Trailing Total Return: 67.12%
    • Exchange: New York Stock Exchange

    ExxonMobil, a multinational oil and gas corporation, explores, markets, and refines oil and gas products worldwide. Their presence is felt through numerous gasoline stations.

  7. Shell PLC (SHEL) - Revenue (TTM): $365.29 billion

    • Net Income (TTM): $43.36 billion
    • Market Cap: $204.03 billion
    • 1-Year Trailing Total Return: 27.58%
    • Exchange: New York Stock Exchange

    Royal Dutch Shell is a Netherlands-based company involved in petroleum exploration, production, and refining, along with the sale of fuels, lubricants, and chemicals.

  8. CVS Health Corp. (CVS) - Revenue (TTM): $315.23 billion

    • Net Income (TTM): $3.15 billion
    • Market Cap: $119.11 billion
    • 1-Year Trailing Total Return: -11.75%
    • Exchange: New York Stock Exchange

    CVS is an integrated pharmacy healthcare provider with drugstores across the U.S., offering various services, including pharmacy benefits management and mail-order pharmacy services.

  9. UnitedHealth Group Inc. (UNH) - Revenue (TTM): $313.13 billion

    • Net Income (TTM): $19.43 billion
    • Market Cap: $454.09 billion
    • 1-Year Trailing Total Return: 5.87%
    • Exchange: New York Stock Exchange

    UnitedHealth Group is a multinational healthcare and insurance company, serving individuals, employers, and government entities with healthcare insurance and services.

  10. Volkswagen AG (VWAGY) - Revenue (TTM): $288.45 billion

    • Net Income (TTM): $18.47 billion
    • Market Cap: $85.85 billion
    • 1-Year Trailing Total Return: -35.01%
    • Exchange: OTC

Volkswagen is a German automaker that produces and sells a wide range of vehicles, from luxury cars to commercial vehicles, under various brands, including Audi.

It's essential to note that the largest companies by market capitalization differ from those by revenue. As of June 2023, Apple, Microsoft, and Saudi Aramco were leading the market cap rankings, emphasizing the distinction between these two metrics.

In summary, these 10 giants, hailing from various industries and regions, dominate the global business landscape. Their success is a testament to their ability to adapt and innovate in an ever-changing world. Whether it's through retail, technology, energy, or healthcare, these companies leave an indelible mark on our economies and our lives.

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