Largest corporations based on revenue - additional information
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 25 billion U.S. dollars in 2017. The same year, Walmart was also ranked fourth most valuable retail brand in the world, with a brand value of about 28 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.
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