...and Sinopec Group bigger than South Korea???
With such promising market growth and earning million of fortune in just a couple of hours, many of the world's greatest companies have been successful in acquiring a dominant position in the global market. Capitalization has so deepened its roots that these brand corporations are having a tough fight in grabbing the first place in every sector.
You know, this is how a business develops. This is how a business prospers, comes into the competition and gets compared to the world's greatest economies. The question then arises, who is more powerful?
Have a look at this study by the World Economic Forum, that gives an insight as to what if some of the very famous and rated multinational companies get compared to the World's economies.
If the world's 10th largest global corporation, British Petroleum was a country, it would be 27th biggest in the world, which is bigger than Switzerland!
If the American multinational company, headquartered in Cupertino, California would have been a country, it would be 25th biggest in the world. And that is bigger than Belgium.
The Japanese automotive manufacturer, Toyota Group manufactures a diverse group of vehicles all over the globe. If it was a country, it would have ranked 23rd biggest in the world.
The German multinational automotive manufacturing company would have ranked 22nd largest in the world.
ExxonMobil would have been better in the 21st position, which is bigger than India.
The Anglo-Dutch multinational oil and gas company which is also the world's fifth-largest corporation, would have been in the 18th position; that is bigger than Mexico!
China Petroleum And Chemical Corporation or Sinopec Limited, is a Chinese oil and gas company. If it was a country, it would have ranked as the 16th biggest in the world.
..would have been the 15th largest, bigger than South Korea.
State Grid Corporation of China is the largest electric utility in the world. It would have been in the 14th position.
If Walmart was a country, it would have been the 10th biggest in the world. That is bigger than Spain and Australia.
What do you think the basis of this comparison is? Let us know by commenting below.
Do like and share.