Top 10 Biggest Companies In The World 2022 – By Revenue
The biggest businesses in the world by revenue in 2022 represent relatively new, rapidly expanding industries and older, slower-growth ones ranging from eCommerce and tech devices to oil and retailing. No matter what, all these companies are dominant forces in their respective industries and can be considered the biggest companies in the world ever. While each of these companies has seen its business shift as a result of the COVID-19 pandemic, some companies continue to thrive due to their unique offerings. We have prepared a list of the top 10 biggest companies in the world in 2022 by revenue.
Top 10 Biggest Companies In The World 2022
10. UnitedHealth
- Headquarters: Minnetonka, Minnesota, USA
- Market Cap: $440.4 billion
- Revenue: $277.3 billion
Starting our countdown of the largest company by revenue in the world in 2022 is UnitedHealth Group Incorporated. The company is a multinational American-managed healthcare and insurance company headquartered in Minnetonka, Minnesota. It provides health-care products as well as insurance services.
UnitedHealth Group is the world’s tenth-largest company by revenue, the second-largest healthcare company by revenue after CVS Health, and the largest insurance company by net premiums. UnitedHealthcare revenues account for 80% of the Group’s total revenue. The company ranked eighth on the Fortune Global 500 for 2021.
09. CVS Health
- Headquarters: Woonsocket, Rhode Island, USA
- Market Cap: $134.7 billion
- Revenue: $285 billion
CVS Health Corporation (formerly CVS Corporation and CVS Caremark Corporation) is an American healthcare conglomerate that owns CVS Pharmacy, a retail pharmacy chain, CVS Caremark, a pharmacy benefits manager, and Aetna, a health insurance firm, among other brands. Woonsocket, Rhode Island, is the company’s headquarters.
CVS Health was placed fourth on the Fortune 500 list in 2021 and seventh on the Fortune Global 500 list. In 2022, it ranks ninth among the top 10 biggest companies in the world 2022 by revenue, with revenues exceeding $285 billion.
The company was established in 1963 by three partners. The business began as a chain of health and beauty stores, but within several years, pharmacies were added.
08. Volkswagen Group
- Headquarters: Wolfsburg, Germany
- Market Cap: $131.5 billion
- Revenue: $287 billion
Volkswagen, abbreviated VW, is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. It was founded in 1937 by the German Labour Front and is best known for its iconic Beetle. It is the flagship brand of the Volkswagen Group, which is the largest car manufacturer in the world by global sales. China is the group’s largest market, accounting for 40% of sales and profits. Volkswagen translates to “people’s car” from the German term Volk, which translates to “people.”
Volkswagen has maintained the largest market share in Europe for over two decades. Volkswagen is the largest German automaker and the fourth largest worldwide by production. Volkswagen is one of the top 10 biggest companies in the world in 2022 by revenue.
07. Saudi Aramco
- Headquarters: Dhahran, Saudi Arabia
- Market Cap: $1.96 trillion
- Revenue: $328.5 billion
Saudi Aramco, or Saudi Arabian Oil Company (previously Arabian-American Oil Company), is a Saudi Arabian public oil and gas company headquartered in Dhahran. Since 2020, it has been one of the world’s most profitable enterprises. Saudi Aramco has the world’s second-biggest proven crude oil reserves, with about 270 billion barrels, as well as the world’s greatest daily oil production of any oil-producing company. Since 1965, it has been the single largest contributor to the global carbon emissions of any firm on the planet.
The Master Gas System, operated by Saudi Aramco, is the world’s largest single hydrocarbon network. Saudi Aramco manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet of natural gas reserves, and its crude oil production totaled 3.4 billion barrels in 2013. It operates the world’s largest onshore oil field, the Ghawar Field, and the world’s largest offshore oil field, the Safaniya Field.
06. Berkshire Hathaway
- Headquarters: Kiewit Plaza, Omaha, Nebraska, USA
- Market Cap: $692.5 billion
- Revenue: $346 billion
Berkshire Hathaway Inc is an American multinational conglomerate holding company based in Omaha, Nebraska. The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company’s vice-chairman.
The company owns:
- GEICO
- Duracell
- Dairy Queen
- BNSF
- Lubrizol
- Fruit of the Loom
- Helzberg Diamonds
- Long & Foster
- FlightSafety International
- Shaw Industries
- Pampered Chef
- Forest River
- NetJets.
The company has significant minority stakes in:
- Kraft Heinz Company (26.7 percent)
- American Express (18.8 percent)
- The Coca-Cola Company (9.32 percent)
- Bank of America (11.9 percent)
- Apple (6.3 percent ).
According to the Forbes Global 2000 list, Berkshire Hathaway is the eighth largest public company in the world. It is the sixth-largest company by revenue in the world in 2022.
05. Sinopec Group
- Headquarters: Beijing, China
- Market Cap: $79.13 billion
- Revenue: $352.8 billion
China Petroleum and Chemical Corporation (Sinopec) is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai and New York. Sinopec Group is the world’s largest oil refining, gas, and petrochemical conglomerate. The company is headquartered in Chaoyang District, Beijing.
Sinopeс was established in 2000 after the reorganization of the state-owned China Petroleum & Chemical Corporation, which had been operating since 1983. Sinopec is involved in oil and gas fields exploration and development and also in the processing and sale of oil and gas and their derivative products. Sinopec Group is the world’s largest oil and gas company and the 5th largest company in the world in 2022 by revenue.
04. Apple
- Headquarters: 1 Apple Park Way Cupertino, California, USA
- Market Cap: $3 trillion
- Revenue: $365.8
Apple Inc. is a multinational technology company based in the United States. The company was established on April 1, 1976, by Steve Wozniak, Ronald Wayne, and Steve Jobs.
The iconic company is ranked among the most expensive and largest corporations in the world. It sells consumer electronics, software, and online services.
The company gave the world the iPod, iPhone, iPad, and other popular Apple products. They are recognized not only for their functionality but also for their unique design.
Apple Inc. is the world’s fourth-largest company in terms of revenue. It is the fourth-largest PC seller by unit sales, and the fourth-largest smartphone manufacturer. It is also one of the top five information technology companies in the United States, alongside Amazon, Alphabet, Meta, and Microsoft.
In August 2018, Apple became the first publicly traded US company to be valued at more than $1 trillion. In 2020, it became the first company to be valued at over $2 trillion. The company is currently valued at $3 trillion. The company enjoys a high level of brand loyalty and is ranked as the world’s most valuable brand.
Therefore, it is not surprising that Apple is ranked as the most valuable company in the world.
03. China National Petroleum
- Headquarters: Beijing, China
- Market Cap: 147.7 billion
- Revenue: $374.9 billion
China National Petroleum Corp (CNPC) is the state-owned parent company of the country’s second-largest oil producer, PetroChina. It is headquartered in Dongcheng District, Beijing
CNPC is now attempting to walk the line between revenue and reform as it faces a legislative push to reduce carbon emissions. PetroChina’s solution is to place more emphasis on natural gas, which produces less carbon dioxide than oil when burned. PetroChina predicts gas will contribute 55% of the company’s fossil fuel sales by 2025, up from 43% today.
02. Amazon
- Headquarters: Washington, USA
- Market Cap: $1.5 trillion
- Revenue: $457.9 billion
Amazon is a multinational technology corporation headquartered in Washington, D.C, USA. Amazon is primarily concerned with e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the top five information technology companies in the world.
Amazon began as a simple online shopping platform for selling books in 1994. It has since grown to become one of the world’s largest companies in terms of revenue, market capitalization, and even employee count.
Jeff Bezos launched Amazon from his garage in Bellevue, Washington in 1994. It began as an online bookstore but has since expanded to sell electronics, software, video games, clothing, furniture, food, toys, and jewelry.
This American retailer now offers a diverse range of goods and services. In addition, the company produces consumer electronics such as Kindle e-readers, Amazon Fire tablets, and the Echo smart speaker. It is also the world’s second-largest streaming platform. To compete with Netflix, Amazon has purchased the well-known film studio Metro-Goldwyn-Mayer.
Amazon is the second-largest company in the world by revenue in 2022.
01. Walmart Inc.
- Headquarters: Bentonville, Arkansas, USA
- Market Cap: 393 billion
- Revenue: $571.9 billion
Walmart is a multinational retail corporation based in the United States that operates a chain of hypermarkets, discount department stores, and grocery stores. Its headquarters are in Bentonville, Arkansas. Sam Walton founded the company in nearby Rogers, Arkansas, in 1962. It was incorporated on 31 October 1969, under the Delaware General Corporation Law. Walmart operates 10,526 stores in 24 countries. In terms of revenue, Walmart is the largest company in the world by revenue in 2022.
Curiously, unlike Amazon, Walmart has so far not managed to establish an effective delivery system.
Walmart does have its shortcomings despite its size and revenue. There are problems with expansion, competitive battles against Amazon, and complaints from their customers.
There you have it, our list of the top 10 biggest companies in the world in 2022 by revenue. Walmart currently occupies the title of the world’s no 1 company by revenue in 2022. Are you surprised by which company has the biggest revenue? We would love to hear from you. Please comment below.
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