After an awful 2020 and a difficult 2022, companies have begun making seriously large revenues again. Especially profitable in the last year has been oil, sending energy comapny profits hurtling upwards as the cost of oil and gas was hugely impacted by the war in Ukraine.
The list of the companies with the highest revenue is collated by Fortune, which publishes the information each year; 2023 is the 69th year it has done so. Our list will only feature the top ten with these ten posting $3.7 trillion in revenue.
The ten largest companies in the US by revenue
1. Walmart - $611 billion
Walmart is a massive presence in the United States. It operates thousands of stores throughout the country. According to 2022 data, the supermarket chain has a 25.2% market share, nearly 20 percentage points more than its closest competitor Costco with 7.1%
It has been first placed in the Fortune 500 every year since 2014.
2. Amazon - $514 billion
Already a huge company before the pandemic, the delivery company has continued to increase its size; the nature of the company made it perfect for the forced changing pattern of consumption.
The top 50 companies in the @Fortune500 employed nearly 40% of all workers. https://t.co/Mtm4kuHNRk
— FORTUNE (@FortuneMagazine) June 5, 2023See AlsoBad Brand Reputation ExamplesWhat Are Fortune 500 Companies? | BankrateWas the VOC the most valuable company ever? (Answer: NO!)World's largest conglomerates: market value 2023 | Statista
More large growth of 9.61% year-over-year ensure the company has cemented its place as the big winner of the last three years.
3. Exxon Mobil - $413 billion
Last year the oil giant was placed twelfth in the Fortune 500. However, surging oil prices caused by European war have inspired huge revenue in the last year. The company’s revenue is nearly 30% greater than it was last year.
4. Apple - $394 billion
The most valuable company on Wall Street by market capitalisation with a valuation close to $3 trillion, Apple increased its revenue by nearly $100 billion in the last year.
5. UnitedHealth Group - $324 billion
The company provides a wide range of healthcare products and services, including health insurance plans, pharmacy services, healthcare technology solutions, and care delivery systems.
— Warren Gunnels (@GunnelsWarren) June 6, 2023Why is Merck suing the US over drug price negotiation? Follow the Money.
Cost of Merck's cancer drug Keytruda
🇺🇸$187,000
🇨🇦$112,000
🇬🇧$112,000
🇫🇷$95,000
🇩🇪$87,000Cost of Merck's diabetes drug Januvia
🇺🇸$6,600
🇨🇦$900
🇫🇷$192Merck's Profit
2022: $14.5 billion
2020: $7 billion https://t.co/CEJxVQk2Uw
6. CVS Health - $322 billion
Another healthcare company. In 2021, a federal jury found that CVS, along with Walmart, “had substantially contributed to” the opioid crisis.
7. Berkshire Hathaway - $302 billion
Led by chairman Warren Buffett, the company owns and operates a diverse portfolio of businesses across various industries, including insurance, railroads, utilities, manufacturing, and retail.
The company is known for its long-term investment aims.
8. Alphabet - $283 billion
Alphabet is the parent company of Google while it also owns Verily and video platform YouTube. The vast majority of the revenue comes from advertisem*nt.
9. McKesson - $264 billion
Yet another healthcare company makes the cut.
10. Chevron - $246 billion
It is one of the largest integrated oil and gas companies globally, being engaged in all aspects of the energy industry, including exploration, production, refining, and marketing of petroleum products.
— Steven Donziger (@SDonziger) June 6, 2023BREAKING: Lawsuits are finally forcing the US chemical industry to pay huge sums for the poisoning of millions of people with "Forever Chemicals" that taint the drinking water coming out of our faucets.
Actual damage might surpass $500 billion. https://t.co/hIdZfL5ozN pic.twitter.com/EqdyGI1YVH
The company is in a long legal battle with lawyer Steven Donziger, who represented indigenous communities in Ecuador relating to a Chevron oil spill.
