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The United States is one of the most developed countries in the world. Even the top fortune 500 companies fail to make it to the top when measured against the profits made. Because of all the taxes applied and policy changes, it is very difficult to survive in the American corporate sector. But the people and consumer standards make up for them and this is the reason why American companies triumph over the global market.
Here is the list of few American companies which are considered to be richest companies in the country. The list based on profits, revenue and other financial statistics.
Following is the list of Top 10 Richest US Companies in 2019
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10. AT & T
This is an American multinational conglomerate which also happens to be the world’s largest telecommunication company. AT & T has been through several tough times for its last few business years. But the bold decisions made by its CEO, Randall Stephenson, in acquiring DirecTV and Nextel Mexico and Iusacell saved the company its loss trail. Currently, this company generates a revenue of $150 billion and makes a profit of about $10 billion making it one of the richest companies in the United States.
9. Citigroup
After a sudden decision to divest its business in Latin America, a new structure for the company was finally obtained in the year 2016. Though the CEO said that their profits and revenues fell short than what it was supposed to be, it actually ended up giving more money to their shareholders in the form of dividends and stock buybacks. Their profits were recorded at $16 billion and along with an increased marginal revenue, Citigroup becomes one of the richest companies in America.
8. Microsoft
This company needs no introduction as anyone with a computer will know the capabilities of Microsoft. Microsoft is an American multinational tech company which is also the world’s sixth largest IT company, founded by the most popular entrepreneur Bill Gates. The company’s profits were accounted at $18 million and with a steady show of increase in the marginal revenue, Microsoft becomes one of the richest companies in the United States.
7. Berkshire Hathaway
It is an American multinational conglomerate holding company which also happens to be the world’s largest finance company by revenue. This company is owned Warren Buffet, who process the acquisition of several other companies from sectors of automobile insurance and underwear manufacturers. And these acquisitions have boosted up their sales and profits value over the years. Berkshire Hathaway now makes a profit of $24 billion and generates a revenue of over $230 billion making it one of the richest companies in the American continent.
6. Walmart
This is an American multinational retail corporation which operates a global chain of hypermarkets and discount & grocery stores. Walmart also ranked first among the fortune 500 companies and is also the second largest online retailer after Amazon in America. With its foot inside the tech corporation and the improved customer ratings, the stock and sales value of Walmart has skyrocketed in the last few years. The total revenue generated by this company amounts to almost $500 billion which twice as much as the other companies in America and a profit of over $20 billion. This company is simply the United States’ richest company.
5. Johnson & Johnson
This is the most popular healthcare conglomerate in America which also happens to be one of the few companies that have made it to the fortune 500 companies every year. With its efforts to expand the pre-tax profits in both consumer products and pharmaceuticals, Johnson & Johnson became one of the richest companies in America. It has a profit margin of about $17 billion and a marginal revenue increase of 25% each year.
4. Ford Motors
It is one of the oldest yet largest American multinational automobile makers. Founded in the year 1903 by Henry Ford, Ford Motors has flourished through the time because of its impeccable quality and trust from its customers. It is one of the top 10 fortune 500 companies and is also planning to expand into the tech world along with Google and Uber. Ford has generated a revenue of $160 billion and commendable profits of about $20 billion. Because of its exceptional performance rates and financial status, this company is listed as one of the richest companies in the American continent.
3. JP Morgan Chase
Being one of the well-established companies, this also happens to be the largest banking company in the United States in terms of total assets. This company’s profits are accounted for almost $25 billion in the last year and has shown an overall growth of over 4% in terms of revenue. These stats are likely to grow even further if the capital requirements and other limitations are lifted. And hence this company makes it to the list of top 5 richest companies in the US.
2. Apple
This is one of those companies that needs no introduction on how capable they are. This is an American multinational tech company which also happens to be the ninth largest company in the world in terms of revenue. Even with the decreased sales rate of iPods and iPhones, the company has enough money at hand which can be instantly used for investments. With its foot being placed into the automobile sector, the CEO, Tim Cook is hoping that the company’s standings will reach heights in the coming years. This company is ranked third in the fortune 500 list and has a revenue of $250 billion and profit margin of $50 billion which makes it be one of the richest companies not only in the US but also in the whole planet.
1. Exxon Mobil
This is the world’s largest oil and gas company and it is a publicly-traded company. This American multinational company is also the fifth largest chemical producing company in the world. This company’s standards, from its profits to safety protocols and systems, are considered to be the benchmark for every other company in the sector. Exxon Mobil is ranked second among on the fortune 500 companies and has a current profit margin of $50 billion and a revenue of $220 billion. When these financial standings are coupled with its future growth potential, this company is simply the richest company in the United States.
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These are top 10 companies that tend to attract a major crowd of investors because of their money-making capacity. Their place among the billion-dollar stage makes them the richest not only in the United States but also in the whole world.
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