It currently has assets in over 30 countries and has recorded a revenue of $379,130 Million in 2021.ĥ. It had dived into both oil and oil field services, with operations covering the entire oil and gas industry value chain. The CNPC is a major oil and gas corporation of China and also the 3rd largest integrated energy group in the world. The China National Petroleum Corporation is yet another state-owned corporation to make it to the top 5 of the Fortune 500 ranking. China National Petroleum Image courtesy: Jeff Bezos stepped down as the CEO of the company in 2021 and the position is now held by Andy Jassy.Ĥ. With the COVID-19 restrictions nudging everyone over to online markets, the company grew even stronger in not only just its e-commerce business but also in entertainment services, recording 50 million new subscribers this year. In 2021, Amazon earned $21.3 billion in profit on more than $386 billion in annual sales. is an American-based multinational e-commerce platform and has now spread into the cloud computing, digital streaming and artificial intelligence markets. The company posted revenue of $383,906 Million, making it the second-largest company in the world, and the most profitable state-owned business.ģ. It currently operates energy networks in 9 countries and regions and has multiple overseas projects under construction. As the world’s largest utility, State Grid supplies electricity to over 1.1 billion people, with the service area covering around 88 per cent of the Chinese territory. The State Grid Corporation of China, commonly known as State Grid, is a state-owned electric utility corporation operating in China. In 2021, Walmart recorded a revenue of $525,964 Million, making it the biggest corporation in the world.Ģ. The company is mainly associated with a chain of supermarkets, discounted department stores and grocery stores but has now expanded over to e-commerce as well.ĭoug McMillon is the current CEO of the company. is an American multinational retail corporation operating over 10,500 stores and clubs in 24 countries around the world. Walmart Image courtesy: įounded by Sam Walton, Walmart Inc. Here are the top 10 corporations on the Fortune Global 500 ranking in 2021:ġ. But, despite the obstacles, the combined sales of the companies amounted to more than one-third of global GDP, continuing their remarkable streak of success.īeing the most anticipated ranking in the business world every year has rendered this year’s list a hot topic as well. After reaching a record high of $33.3 trillion in 2020, the total revenue for the companies on the Fortune 500 list fell over 4.8 per cent to $31.7 trillion this year. However, the COVID-19 pandemic underlined a setback for the top corporations of the world as well. In 2020, Japan saw 53 of its corporations enter the Fortune 500 list and was subsequently followed by France with 31, Germany with 27 and the UK with 22 companies. Meanwhile, other countries also recorded immense growth over the past two decades. In 2020, China overtook the US by sending 124 companies straight to the rankings. But there has been an apparent shift in the global scenario as new superpowers emerged to compete with the USA. Statistically, the US has dominated the Fortune 500 list From 2000 to 2019, the country had more Fortune 500 companies than any other in the world. Historically, economic superpowers such as the USA, China, the United Kingdom, France, Germany and Japan have dominated the corporate markets due to the added advantage of them having a stable and fast-growing economy. The competition to get on the list is open to all, but it is tough.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |