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Year after year, the same few United States manufacturers dominate their respective markets and generate exorbitant profits. But which companies are the biggest in terms of revenue generated, and what sectors do they operate in?
Join us as we break down the top five largest public manufacturers in the US Our lineup is based on 2021 revenue data from various sources and the 2022 IndustryWeek US 500 list. These manufacturers encompass industries ranging from computers to petroleum products and automobiles.
1. Apple Inc.
The Cupertino, California, tech behemoth reported record-shattering profits in 2021, when it raked in $378.35 billion in revenue. This represents an increase of $84.25 billion when compared to 2020 revenue. Needless to say, the company appears to have bounced back from the supply chain woes it faced during the pandemic.
2. Exxon Mobil Corporation
In 2020, ExxonMobil claimed the second spot on IndustryWeek’s list of the top 500 manufacturers in the United States. The Irving, Texas, oil company reported total revenue of $285.6 billion and profits of $23 billion in 2021.
3. Microsoft Corporation
One of Apple’s largest competitors, Microsoft generated $168 billion in revenue last year. Based in Redmond, Washington, Microsoft is known worldwide for its software suite, Microsoft Office. However, the company also manufactures popular devices, such as the Microsoft Surface.
California-based Chevron is involved across the oil and natural gas industries. While it has experienced ups and downs over the last decade, last year it had operating revenue of $155.61 billion. And so far 2022 is off to a great start: the company reported its highest quarterly profit in a decade.
5. Ford Motor Company
In 2021, Ford Motor Company generated more than $136 billion in revenue. Much of the Dearborn, Michigan, company’s success can be attributed to its best-selling pickup truck, the F-150. Despite producing a sizable amount of revenue, the company has been contending with ongoing supply chain issues since the outset of the pandemic.
These five companies exhibit consistency and expertise year after year. It would come as no surprise if at least a few of these manufacturers reappeared in the top five in the 2023 edition of this list.
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