Top 10 Multinational Corporations in the US

Top multinational corporations in the US will see a major change in fortunes as the Trump administration goes about making a radical change in foreign and trade policies. The US economy and its companies are set for a major paradigm change with the election of Donald Trump. Most big US companies earn a substantial amount of revenues from foreign operations.  Not only are most of these MNCs earning more than half their revenues from non-U.S. jurisdictions but also growing much more rapidly in those countries. The new Trump administration promises to change the whole status quo. With his “America First” policy, the new Republican administration may impose large taxes on imports which may result in tit for tat trade protectionist measures by major US trade partners such as China, Japan and Germany. The U.S. dollar is also set to rise under a new administration which will negatively affect the top multinational corporations in the US as they become less competitive in other countries. This will also reduce the dollar value of their foreign revenues.

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Large automakers have already changed their expansion plans in Mexico after Donald Trump threatened them with increased taxes in recent tweets. While foreign governments have not retaliated yet, trade wars are a real possibility based on Donald Trump’s recent key government appointees. On the positive side, MNCs may benefit from the lower corporate tax rate which has been promised plus the reduced tax burden on repatriation of overseas profits. Business friendly policies such as reduced regulations will also benefit the oil and gas MNCs. However, technology MNCs may not fare well, given that a number of top technology CEOs were opposed to Trump during his campaign and also have the most to lose from trade friction. Large industrial MNCs may benefit from the increased infrastructure spending while healthcare giants may suffer as Trump has indicated that he wants to reduce the price of healthcare products and services.

In the article below, we have ranked the top 10 multinational corporations in the US based on their market value and looked at the size of their overseas operations. Some of them also rank in our list of 11 most respected companies in the world. We have left out large financial firms which are mostly US-focused.

10. Chevron Corporation (NYSE:CVX)

The American multinational energy company has its headquarters in California and operations in more than 180 countries. The company’s significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. Chevron, the second largest U.S. oil company conducts business all around the globe.

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9. Procter & Gamble Co (NYSE:PG)

At 9th spot on our list of top 10 multinational corporations in the US is Procter & Gamble Co (NYSE:PG) an American multinational consumer goods company headquartered in Ohio. The company sells its products in approximately 180 countries and operates over 100 manufacturing sites in 40 countries. In the latest fiscal year ended June 2016, P&G’s international sales accounted for 59% of the company’s total annual revenue of ~$65 billion. This is a 20% drop from $47.7 billion in international sales in 2014. Europe accounted for 23% of the total 2016 sales, followed by Asia Pacific at 9%, and China at 8%.

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8. General Electric Company (NYSE:GE)

Headquartered in Boston, Massachusetts, General Electric Company (NYSE:GE) is an American multinational conglomerate with operations in 130 countries and products and services being offered ranging from power to transport to lightning and healthcare. Having such a diverse business portfolio the company has a presence in more than 40 countries worldwide. With over $75 billion in international orders, GE is one of the largest multinationals in the world. The company successfully achieved a global annual growth of 7% over the last five years.

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7. Johnson & Johnson (NYSE:JNJ)

We are continuing our list of top 10 multinational corporations in the US with Johnson & Johnson (NYSE:JNJ) that is an American multinational company, which employs 126,900 people at more than 250 operating centers in 60 countries. Its research facilities are located in the United States, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Japan, the Netherlands, Singapore, Switzerland and the UK. The company’s products are sold in over 175 countries. Johnson & Johnson functions over three business segments – consumer, medical devices and pharmaceuticals. International sales account for the majority in consumer and medical devices segments. For the nine months ended September 27, Johnson & Johnson (NYSE:JNJ)’s U.S. revenue amounted to $28.27 billion, out of total of $53.78 billion.

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6. Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) is the world’s biggest publicly-traded oil and gas company. ExxonMobil is also the largest refiner in the world with 37 oil refineries in 21 countries. The company’s exploration activities span across six continents and it facilities operating in most of the world’s countries. For the first nine months of 2016, Exxon Mobil Corporation, the number 6 on our list of top 10 multinational corporations in the US, reported total earnings of $7.52 billion across its upstream, downstream and chemical segments. Out of the total earnings, non-U.S. earnings totaled $7 billion.

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5. Facebook Inc (NASDAQ:FB)

Number 5 on our list of top 10 multinational corporations in the US is Facebook Inc (NASDAQ:FB), the social media giant, has done a commendable job to be popular not only in the US but also worldwide. Today Facebook is accessed from all the corners of the world and approximately 85% of Facebook’s daily active users (1.18 billion as of September 2016) are outside the US and Canada. The company also operates many data centers and international offices globally and has recently announced a new data center in Odense, Denmark.

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4. Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) is a leading e-retailer in the United States and managed to become a prominent international e-commerce player in 23 years of its existence. Amazon has expanded its global reach especially in the Indian subcontinent with India being the largest international market for the company. Amazon has separate retail websites for the United States, the United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, and Mexico. Today Amazon.in is the most visited website in India. The company posted third-quarter revenues of $ 32.71 billion, out of which North America sales accounted for $18.87 billion while international sales came in at $10.61 billion. In 2015, North America accounted for 59.5% of the total revenues.

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3. Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) it is one of the top 10 multinational corporations in the US on our list, with headquarters in Redmond, Washington and R&D facilities in Canada, China, Denmark, Finland, France, India, Ireland, Israel, Japan, and the United Kingdom. In addition, the company also operates regional centers and data centers throughout the Americas, Australia, Europe, and Asia. The company’s customers are located in over 200 countries and international sales form a significant part of Microsoft’s revenues, with emerging markets being a significant focus of the company’s international growth strategy. Though the company’s international business is being negatively impacted by declining PC sales and a strong U.S. dollar, its cloud business is growing more than expected.

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2. Alphabet Inc (NASDAQ:GOOG)

Alphabet Inc (NASDAQ:GOOG) has successfully become the second-largest American multinational company based in San Francisco Bay Area, California. The regional revenues of the holding company of former Google Inc. can be broadly divided into revenues from the U.S., UK and rest of the world. While UK accounts for almost 10% of its total revenues, revenues from the other two regions are almost equally divided for the remaining 90%.

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1. Apple Inc. (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) ranks at the top of our list of top 10 multinational corporations in the US. Headquartered in Cupertino, California, the company distributes its products through more than 478 retail stores in seventeen countries. Apple amassed 1.25% of the United States GDP for the fiscal year ended 2015. It is regarded as one of the most valuable brands globally with a presence in Americas, Europe, China, Japan and rest of Asia. For its most recent fourth quarter ending September 2016, overseas sales accounted for more than 56% of the total quarterly sales, with Europe and China being the largest markets.

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