There are companies that are very large and they dominate the industry. Some companies rake in so much cash, they can feed a country. Even though a company has a lot of cash inflow, it doesn’t mean the company is doing well. This is because revenue and profit is 2 different things. The revenue is the total income of the company. This is everything that was brought in. This does not measure all costs and taxes. Some companies have large costs to bear. This can be the workforce, cost pf materials, marketing cost, maintenance cost and so on. Further, there are various taxes as well. Thereafter, the net profit is made. The net profit can be very small compared to the revenue. Here’s a list of companies with the highest revenue.
Walmart is a multinational retailing corporation. They are the largest private employer in the world as it is a family owned business. Walmart has 11,695 stores in over 28 countries. They are the largest company by revenue at 480 billion USD. Walmart is also one of the most valuable companies in the world. The company was founded by Sam Walton back in 1962 in Rogers, Arkansas, USA. Thereafter, it grew considerably in size expanding all across the US and the world. Workplace safety auditors will have to audit the company 24/7 and still not be able to keep up. There are so many transactions happening in Walmart that rakes in the cash. Similarly, all employees, rent and all other costs have to be settled as well.
State Grid Corporation
State Grid Corporation is a state owned electric company in headquartered in Beijing, China. The company was founded in 2002. It holds a monopoly in China and serves over 1.1 billion customers. There are over 920,000 employees as well. State Grid Corporation has a total revenue of 329.6 billion USD making it the 2nd largest company by revenue after Walmart. State Grid also own other electricity companies around the world. This also makes State Grid to have some of the highest customer bases in the world. These companies outsource their auditing from companies such as OHS consultants and similar companies.
Sinopec Group is Asia’s largest oil refining and petrochemical enterprise. It is the 3rd largest in world in terms of revenue. Sinopec Group is headquartered in Beijing China. They are involved in the production of various petroleum based products. All crude oil and natural gases in China are explored by them. The company has a total revenue of 268,000 billion USD.