the TOP 10 companies with the highest income in the world

Today, we are going to look at the annual revenue generated by companies, which is a key factor in determining their value and their investment potential.  Here is Steepbusiness list of TOP companies by revenue.We based our previous ranking on the market capitalization of each company on this list.But in this article, you will learn which companies generated the highest revenue last year.It should be noted that we have analyzed production data and company financial reports as of July 26, 2022.So let’s start, the companies with the highest incomes in the world.

1-Walmart with 576,010 million dollars

• Industry : Retail trade.
• Products : Bakery, beer, frozen food, meat, pharmaceuticals, seafood, and other products.

Walmart is TOP in the list of the most profitable companies in the world.

Walmart is the largest chain of retail stores offering products at below-average prices in the United States and Canada.  Founded by Sam Walton, the company is headquartered in Bentonville, in northwestern Arkansas.Interestingly, so far Walmart hasn’t managed to set up a delivery system as efficient as Amazon’s, for example.However, sometimes the company brings original ideas to life.  For example, buyers who agreed to deliver products to their neighbors and bought them online were offered a discount program in 2013.Despite its top spot in the rankings, Walmart has its weaknesses, including problems with expansion, a competitive battle against Amazon, and frequent criticism from customers.However, these elements are far from critical, given the level of capitalization and the international influence of Walmart.According to many expert analysts, Walmart can only “collapse” under its “own weight”, due to its giant size.  Nobody knows if the giant, with its archaic organization of work processes, can quickly adapt to the rapidly changing market in which you must be ready 24 hours a day, 7 days a week to quickly readjust “your positions”

2-Amazon with 477.750 million dollars

Amazon is an American retail company that sells and delivers various products over the Internet.Internet users, vendors, and producers can self-sell any product using Amazon’s website as an online platform.The main line of business of the company is the sale of various products.  The popularity of the service has skyrocketed thanks to high quality products, low prices, fast delivery and a large assortment of various products.The company was founded in 1994 by Jeff Bezos.  Amazon is headquartered in Seattle, Washington, USA.According to global estimates, the company employs approximately 647,500 people and has assets of over $162 billion at present.  Its annual revenue is approximately $232 billion.

3-Sinopec Group with 410,860 million dollars

• Industry: Petroleum refining.

China Petroleum;  Chemical Corporation (Sinopec Group) is one of the most powerful Chinese state-owned companies and one of the most profitable in the world.  It holds the second place in our TOP ranking.Sinope was established in July 1998 after the reorganization of China Petroleum, a state-owned company;  Chemical Corporation, in operation since 1983. Sinopec is involved in the exploration and development of oil and gas fields, as well as the processing and sale of oil and gas and their derivative products.Chén Tónghǎi, sentenced for corruption to the most terrible sentence – the death penalty – in 2009, had been president of the company from 2003 to 2007.It is also amusing to note that Wang Tianpu, the ex-head of the China Sinopec group, was also sentenced to 15.5 years in prison for corruption, in January 2017.

4- State Grid with 386.617 million dollars

 

• Industry: Electric power.

State Grid Corporation of China is a Chinese power grid company and the largest company in its industry anywhere in the world.  It ranks fifth in the TOP list of highest earning companies in the world.State Grid was established in 2002 by decree of the State Council of the People’s Republic of China as a by-product of the three-stage reform of the country’s electricity sector that began in 1986.The reform split China’s former state-owned Power Corporation into two grid companies, preserving a state-owned power supply system.  Today, State Grid owns and operates five regional grid companies and 24 power companies.The company mainly focuses on the creation and operation of electricity networks inside and outside China (in the Philippines and Brazil, for example).  The company has a monopoly on the transmission and sale of electricity in the domestic market.

5- Apple with 386,080 million dollars

• Industry: electronics, computer.
• Products: Personal computers and tablets, mobile phones, audio players …

The company was founded on April 1, 1976 by Steve Wozniak, Ronald Wayne and Steve Jobs.  The trio initially started assembling personal computers and producing proprietary PC models, but their greatest success came in recent years when Apple introduced its line of mobile products to the world – iPhone smartphones and iPad tablets.Nowadays, the range of its products is vast and includes smartwatches, computers and laptops, tablets and smartphones, etc.  However, the popularity of “apple” gadgets is characterized by high quality, stylish design and a brilliant marketing program by Steve Jobs.Today, the company has thousands of offices, brand stores and service centers around the world and has nearly 132,000 employees.Apple is headquartered in Cupertino, California, United States.

6- Exxon mobile  with 312,710 million dollars

• Industry: Oil and gas industry.
• Products: Petroleum.

ExxonMobil is the largest oil and gas company in the world whose shares are freely traded on the securities market.The company operates production facilities, promotes products globally, and explores for oil and natural gas on six continents.This company is a leader in the oil and gas industry in almost all areas of energy and petrochemicals

7- United health group  with 306,560 million dollars

• Industry: Healthcare.

UnitedHealth Group is the biggest US health insurance company.The group operates through two companies – UnitedHealthcare and Optum – which provide pharmaceuticals and healthcare services to private clients and healthcare providers.An extensive network of subsidiaries and divisions allows UnitedHealth Group to serve approximately 100 million individuals nationwide.The UnitedHealth Group is the second-largest healthcare company by revenue following CVS Health.The group includes 5,900 hospitals in USA and is head office in Minnetonka, USA.

8- CVS Health with 299,710 million dollars

• Industrie: Health care.

CVS Health is one of the important US healthcare companies that owns more than 9,900 pharmacies and more than 1,100 medical institutions. It is also leading in retail pharmacy management.The company provides a huge range of services: from selling prescription and over-the-counter medicines to offering consumer goods and cosmetic products.One of its divisions, Minute Clinic, specializes in family health care – it provides diagnostics, treatment and follow-up drug prescription. Most of these clinics are created on the basis of pharmacies and company stores.CVS Health also offers international health insurance.The company is head office in Woonsocket, Rhode Island.

9- Berkshire Hathaway Inc with 282,310,000$

• Industry: insurance, finance, rail transport, public services, food and non-food products.

The company is known for its permanent owner, an American investor and

• entrepreneur: Warren Buffett.

Its stock price of $418.349 makes it the most expensive stock in the world.Affiliated companies:GEICO (car insurance);General Re;Berkshire Hathaway Primary Group (insurance);Berkshire Hathaway Reinsurance Group (insurance and reinsurance);BNSF — (rail transport);Berkshire Hathaway Energy (electricity and gas distribution);McLane Company (wholesale).More than 40,000 shareholders attended the 2015 annual meeting.That is why the meeting received the nickname

7- TOYOTA  with  279,290 million dollars

• Industry: Automotive manufacturing.
• Products: Cars.

Toyota, a Japanese company, started operations in 1924 and was founded by Sakichi Toyoda.  Interestingly, he didn’t even make automobiles, but looms.  His son, Kiichiro Toyoda, became interested in automobile manufacturing and established an automobile production division with funds from the sale of a patent on an intelligent production machine.Annual auto sales reached $272 billion.  in 2019. At that time, car sales in Japan themselves fell sharply, which testifies to the company’s activity in the global market.The head office is located in Toyota, Aichi, Japan.