Top 10 Biggest Companies in the World
Recession has played a significant role in destructing, demoralizing and downsizing even the biggest companies in the world. However, there are some companies that are not much affected despite the overall economic recession.
The rankings include the financial performance of the company, the amount of reserves and production, refining capacity, sales volumes, etc. According to some of the senior analysts, economic growth among companies has risen from Europe to Asia.
Instructions
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1
JPMorgan Chase:
JPMorgan Chase are on top of the list despite losing at least $ 6 billion in trading losses. This company is known as the London whale.
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2
General Electric:
General Electric, the largest conglomerate in the U.S., plans to focus on its industrial businesses. Earlier this year, GE announced it would sell its remaining stake in NBC Universal to Comcast.
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3
HSBC Holdings
Headquartered in London, HSBC continues to focus on growth, especially in the European market. The bank recently sold its stake in China at $ 7.4 billion.
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4
Berkshire Hathaway
Berkshire Hathaway's earnings rose 45 percent in 2012. The company announced in February that it would partner with 3G Capital billionaire Jorge Paulo Lemann to buy HJ Heinz.
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5
Wells Fargo
From San Francisco, Wells Fargo is still the second largest bank in the U.S. In recent years the bank has become the largest mortgage lender in the country.
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6
Chevron
Despite a small decline in sales and profits, Chevron remains the second largest energy company in the U.S. In 2012, the company produced 2.6 million barrels per day, with 25 percent of production from U.S.
Image courtesy: giantoil.com
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7
Volkswagen
The automaker World's Largest Consumer Durables is also the only one in the Top 25 of this year. Volkswagen sold 9.3 million vehicles in 2012, up 12.2 percent over the previous year.
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8
Gazprom
Gazprom is the largest natural gas producer in the world. The company produces 75 percent of Russia's gas and 25 percent of gas to Western Europe.
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9
Total
French oil and gas company Total fell 5 points, due to declining profits and market value.The company's business areas include exploration, refining, marketing and trading products.
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10
British Petroleum
Proceeds from the British oil and gas giant fell by more than half. The company estimated at 42,000 million costs and fines related to the spill in the Gulf of Mexico in 2010.
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