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Forbes list of 10 largest companies in the world 2019

largest companies in the world forbes list

This is the list of the top 10 largest companies in the world according to Forbes. The list is determined by various parameters including asset base. Therefore, the largest company may not necessarily be the most profitable company in the world nor the most valuable in the market. These are publicly traded companies only.

  1. ICBC

The Industrial & Commercial Bank of China Ltd (ICBC) has a market cap of USD 305.1 billion. It engages in the provision of commercial banking and financial services. It has assets worth $4034.5 billion, generates revenue worth USD 175.9 billion, with profit margins of USD 45.2 billion. It is based in Beijing, China.

2. JP Morgan Chase

 JPMorgan Chase & Co. is a financial holding company providing financial and investment banking services. It has a market cap of USD 368.5 billion. It has assets worth USD 2737.2 billion, generates revenue worth USD 132.9 billion with profit margins of USD 32.7 billion. It is based in New York, USA.

3. China Construction Bank

China Construction Bank Corp engages in the provision of financial and banking services. It has a market cap of USD 225 billion. It has assets worth USD 3382.4, generates revenue worth USD 150.3 billion with profit margins if USD 38.8 billion.  It is based in Beijing, China.

4. Agricultural Bank of China

Agricultural Bank of China engages in the provision of international commercial banking and financial services. It has a market cap of USD 197 billion. It has assets worth USD 3293.1 billion, generates revenue worth USD 137.5 billion, with profit margins of 30.9 billion. It is based in Beijing, China.

5. Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It has a market cap of USD 287.3 billion. It has assets worth $2377.2, generates revenue worth USD 111.9 billion, with profit margins of 28.5 billion. It is based in Charlotte, North Carolina, USA.

6. Apple

Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It has a market cap of USD 961.3 billion, making it the most valuable company in the world. It has assets worth $373.7 billion, generates revenue worth 261.7 billion, with profit margins of USD 59.4 billion. It is based in Cupertino, California, USA.

7. Ping An Insurance Group

Ping An Insurance (Group) Co. of China Ltd primarily engages in the business of insurance, banking and investment. It has a market cap of USD 220.2 billion. It has assets worth USD 1038.3 billion, generates revenue worth USD 151.8 billion, with profit margins of USD 16.3 billion. It is based in Shenzhen, China.

8. Bank of China

Bank of China Ltd. engages in the provision of banking and related financial services such as commercial and investment banking, and insurance and investment services. It has a market cap of USD 143 billion. It has an asset base worth USD 3097.6 billion, generates revenue worth USD 126.7 billion, with profit margins of USD 27.5 billion. It is based in Beijing, China.

9. Royal Dutch Shell

Royal Dutch Shell Plc engages in the oil and natural gas production. It has a market cap of USD 264.9 billion. It has an asset base worth USD 399.2 billion, generates revenue worth USD 382.6 billion, with profit margins of USD 23.3 billion. It is based in The Hague, The Netherlands.

10. Wells Fargo

Wells Fargo & Co. is a bank holding company that engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It has a market cap of USD 214.7 billion. It has an asset base worth USD 1887.8 billion, generates revenue worth USD 101.5 billion, with profit margins of USD 23.1 billion.

The following companies make up the next top 10 largest companies in the world, holding position 11 – 20 according to Forbes List of 20 largest companies in the world.

11. ExxonMobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It has a market cap of USD 343.4 billion. It has an asset base of USD 346.2 billon, generates revenue worth USD 279.2 billion, with profit margins of USD 20.8 billion. It is based in Irving, Texas.

12. AT & T

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It has a market cap of USD 233.3 billion. It has an asset base worth USD 531.9 billion, generates revenue worth USD 170.8 billion, with profit margins worth USD 19.4 billion. It is based in Dallas, Texas.

13. Samsung Electronics

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. It has a market cap of USD 272.4 billion. It has an asset base of USD 304.1 billion, generates revenue worth USD 221.5, with profits worth USD 39.9 billion. It is based in Suwon, South Korea.

14. Citigroup

Citigroup, Inc. is a global financial services holding company specializes in banking and financial solutions. It has a market cap of USD 161.1 billion. It has an asset base worth USD 1958.4 billion, generates revenue worth USD 100 billion, with profits worth USD 17.9 billion. It is based in New York, USA.

15. Toyota Motor

Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It has a market cap of USD 176.6 billion. It has assets worth USD 465.6 billion, generates revenue worth USD 272.1 billion, with profits worth USD 17.2 billion. It is based in Japan.

16. Microsoft

Microsoft Corp. engages in the provision of developing and marketing software and hardware services. It has a market cap of USD 946.5 billion, effectively making it the second most valuable company in the world. It has assets worth USD 258.9 billion, generates revenue worth USD 118.2 billion, with profits worth USD 33.5 billion. It is based in Redmond, Washington.

17. Alphabet

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies including Google and Other Bets segments. It has a market cap of USD 863.2 billion. It has assets worth USD 232.8 billion, generates revenue worth USD 137 billion, with profits worth USD 30.7 billion. It is based in Mountain View, California, USA.

18. Volkswagen Group

Volkswagen AG engages in the manufacture of automobiles. It has a market cap of USD 92 billion. It has an asset base worth USD 553.5 billion, generates revenue worth 278.2 billion, with profits worth USD 14 billion. It is based in Wolfsburg, Germany.

19. Chevron

Chevron Corp. engages in the business of integrated energy and chemical operations. It has a market cap of USD 228.3 billion. It has an asset base of USD 253.9 billion, generates revenue worth USD 158.7 billion, with profit margins of USD 14.8 billion. It is based in San Ramon, California, USA.

20.Verizon Communications

Verizon Communications, Inc. is a holding company, which engages in the provision of broadband and communication services. It has a market cap of USD 239.7 billion. It has assets worth USD 264.8 billion, generates revenue worth USD 130.9 billion, with profits of USD 15.5 billion. It is based in Basking Ridge, New Jersey, USA.

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