Wal-mart, Sinopec and Shell are world’s largest companies by revenue

Sinopec and shell feature as largest companies  in the world
Sinopec and shell feature as largest companies in the world

As featured in statistica, the largest companies in the world based on revenue generated are in this order Wal-mart stores, Sinopec, Shell

When compiling rankings of the largest companies in the world, different results may be obtained depending on the criteria applied – whether it be revenue, profits, assets, market capitalization, and employment or range of services. As of 2015, Walmart is the largest company in the world based on its number of employees – some 2.2 million all over the world, but the second largest based on revenue. The concept of revenue itself, sometimes also called turnover, might slightly differ depending on country or even from one company to another. It usually refers to the income resulted from normal business activities, such as the sale of goods and services to customers.

As of 2015, the richest companies in the world, in terms of money earned during the previous fiscal year from sales and services, were Wal-Mart stores, Sinopec and Royal Dutch Shell in this order. Royal Dutch, which is a result of the merger between the Royal Dutch Petroleum company and the UK-based Shell Transport & Trading, is a multinational corporation operating in every segment of the oil and gas industry and it was first founded in 1907. In 2014, the company generated a net income of around 14.7 billion U.S. dollars, down from over 31 billion in 2011, and held total assets worth over 353 billion U.S. dollars. The American-based multinational corporation Walmart was founded in 1962 and currently operates over 11 thousand stores worldwide, out of which five thousand in the United States alone. The company’s operating income amounted to about 27 billion U.S. dollars in 2015. The same year, Walmart was also ranked third most valuable retail brand in the world, with a brand value of about 35 billion U.S. dollars.

Sinopec Limited, also known as China Petroleum & Chemical Corporation, is an oil and gas company founded in 2000 in Beijing, China. In 2014, Sinopec generated revenues of 468 billion U.S. dollars and was one of China’s most valuable brands.

read more: statistics.com

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