Companies dominate the world sphere in terms of influence and raw monetary power. Though sometimes kept in check with government regulations and systems, corporations can still often run rampant with greed and power. In many cases, the main priority of large businesses that are publically traded is to satisfy their shareholders and investors, with other concerns, like social responsibility falling by the wayside. In America alone the top 50 companies have a combined market capitalization, meaning the market value of outstanding shares of stock, of more than $12 trillion. The wealth that these organizations flout is not to be underestimated. Here are 10 of the largest public companies in the US.
Chevron Corporation is an American multinational business operating in the energy. Its range of work includes oil, natural gas, geothermal energy, and power generation in general. Headquartered out of San Ramon, California, it was one of the "Seven Sisters" that dominated the oil industry in the early 20th century.
Alphabet is a conglomerate corporation that came into existence during a corporate restructuring of Google in 2015. This company acts as the parent company of massive tech firm Google and several of its subsidiaries. Now, it reigns supreme as one of the world's largest technology companies.
Microsoft is one of those companies whose influence is so pervasive that it has become a household name. Even the founder, Bill Gates, is a sort of cultural touchstone. This tech company has its fingers in an array of services including software, hardware, and even video games.
This organization is in the profitable industry of financial services and banking and provides products and services like credit cards and investment banking. It came out of a merge of Citicorp and Travelers Group in 1998 and is headquartered in scenic New York.
This telecommunications giant was founded in 1983 and now serves an area that spans the entire globe. Key to its continued success and growth is chairman and CEO, Randall L. Stephenson and president and COO, John Stankey. In fact, it's the world's largest company in its industry.
Exxon Mobil Corporation, also known as ExxonMobil, is a Texas-based oil and gas company. It is the direct descendant of John D. Rockefeller's Standard Oil, an older oil organization. This company does massive amounts of work, with a daily production of 3.921 million barrels of oil as of 2007.
4. Wells Fargo
Like other entries on this list, this is a corporation that works in the high-earning industry of banking, financial services, and insurance. This company is based out of San Francisco, California, but has a spattering of central offices located all over the US.
Like Microsoft, this is another company that has become a household name, and whose original founder is famously known as a visionary. Apple as a tech company provides software and online services in addition to producing sleekly designed consumer electronics.
2. Bank of America
The financial sector shows up again and again on this list and for good reason, considering how much money flows through the sector. Bank of America is one of the big players in this industry, operating all around the world and servicing about 10% of all American bank deposits.
1. JPMorgan Chase
Rounding out this list is yet another financial services and banking behemoth. Coming in as the largest public company in the US is JPMorgan Chase. It is considered to be the largest bank in America and the sixth-largest bank in the world by total assets, according to S&P Global.
About the Author
Alice Chen is a freelance writer based out of the Toronto area. She's written for community newspapers, magazines, and websites, all the while enjoying every second of it. Now, she's on the path to honing her skills further and seeing where her writing can take her.
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