Forbes’ annual ranking showed the 2000 most powerful companies globally, some of which were unaffected by the Coronavirus last year. The numbers also showed that the most prominent players in e-commerce – including Amazon, Alibaba, and Walmart – had very high revenues due to high rates of online shopping. Below we provide details about the most powerful companies globally, almost unaffected by the economic crisis caused by the new Coronavirus.
Powerful companies globally – the Industrial and Commercial Bank of China
- Market value: $ 242.3 billion
- Sales: $ 177.2 billion
- Profits: $ 45.3 billion
The Industrial and Commercial Bank of China (ICBC) is the largest bank in China, with more than 20% of the country’s banking sector. The bank has been in existence for more than 27 years (established January 1, 1984).
The Industrial and Commercial Bank of China mainly provides banking and related financial services. The corporation carries out corporate and retail banking and treasury activities. The Corporate Services Group provides loans, trade finance, deposits, corporate finance, custody, and other financial products and services related to corporations, government agencies, and financial institutions.
Powerful companies globally – China Construction Bank
- Market value: $ 203.8 billion
- Sales: $ 162.1 billion
- Profits: $ 38.9 billion
China Construction Bank, headquartered in Beijing, is a large commercial bank in China. The bank was incorporated in October 1954. It has been listed on the Hong Kong Stock Exchange since October 2005 and on the Shanghai Stock Exchange in September 2007.
The corporation provides personal, commercial, investment, and wealth management banking services. With 14,912 bank points and 347,156 employees, the bank serves hundreds of millions of customers.
Powerful companies globally – JP Morgan
- Market value: $ 291.7 billion
- Sales: $ 142.9 billion
- Profits: $ 30 billion
JP Morgan, an American banking and financial services company formed by the merger of Morgan & Co. and Chase Manhattan, headquartered in New York in December 2000.
A financial holding company that provides financial and investment banking services, and a wide range of investment products and services in all capital markets, including advice on corporate strategy and structure, market capital appreciation and debt issuance, risk management, brokerage and research.
- Market value: $ 455.4 billion
- Sales: $ 254.6 billion
- Profits: $ 81 billion
Berkshire Hathaway is a holding company with several companies, including GEICO and Fruit of the Loom. President and CEO Warren Buffett lead it. Headquartered in Omaha, Nebraska, it was initially a group of textile mills.
In addition to holdings in private companies, Berkshire also has an extensive investment portfolio in large listed companies such as Apple and Bank of America.
China Agricultural Bank
- Market value: $ 147.2 billion
- Sales: $ 148.7 billion
- Profits: $ 30.9 billion
Formerly as the Agricultural Cooperation Bank, it was established in 1951. Since the late 1970s, the institution has evolved from a specialized state-owned bank to a state-owned commercial bank.
The bank was restructured into a limited liability company in January 2009. In July 2010, the bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. At the time, it was the most extensive initial public offering (IPO) in the world. The bank is headquartered in Beijing.
- Market value: $ 1,684.8 billion
- Sales: $ 392.8 billion
- Profits: $ 88.2 billion
The Saudi Arabian Oil Company is engaged in the exploration, production, transportation, and crude oil and natural gas sale. It operates in the following sectors: upstream, downstream, and corporate. The exploration and production sector includes oil exploration and development and oil and natural gas production. The downstream industry focuses on refining, logistics, electricity generation, trading of crude oil, petroleum and petrochemical products, and related services for international and domestic clients. The corporate sector provides support services, including human resources, finance, and information technology. The company was incorporated on May 29, 1933, and is headquartered in Dhahran, Saudi Arabia.
Powerful companies globally – Ping Insurance Group
- Market value: $ 187.2 billion
- Sales: $ 155 billion
- Profits: $ 18.8 billion
A Chinese banking and asset management group with nearly 90 million customers. Founded in 1988, as the first joint-stock insurance company in China. The banking business began in 2006 when he bought a bank in the city and renamed it Ping An Bank.
Bank of America
- Market value: $ 208.6 billion
- Sales: $ 112.1 billion
- Profits: $ 24.1 billion
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and medium businesses, and large corporations, with a full range of banking, investment, asset management, and other financial products and services and risk management. The bank serves nearly 66 million customers with operations in the United States and around 35 countries.
- Market value: $ 1,285.5 billion
- Sales: $ 267.7 billion
- Profits: $ 57.2 billion
The company was founded in 1976 by Steve Jobs and Steve Wozniak. After more than 30 years, it is undeniable that Apple is one of the most powerful companies globally and has a huge impact on technology and innovation in using computers and the activities we use for them.
Bank of China
- Market value: $ 112.8 billion
- Sales: $ 135.4 billion
- Profits: $ 27.2 billion
Founded in February 1912, the Bank of China is the longest-running institution among Chinese banks. As the most liquid bank in China, Bank of China has a well-established global service network, with institutions established in mainland China and 57 countries and regions. It has created an integrated platform for corporate services, personal banking, financial market operations, and other commercial banking activities, covering investment banking, direct investment, securities, insurance, funds, aircraft leasing, and other fields.