Are you wondering what the top 10 companies in Australia are? This article will be an ultimate help to the most valuable and best companies to work for in Australia.
The way people work has been changed for years. Employees seek for something beyond paychecks. They have a tendency to work somewhere where cherishes their values. Suitable perks, balanced working arrangements and promotion can be regarded as important factors to align with the workers’ needs.
Lets’s have a close look at the top 10 companies in Australia that are worth working for.
1. BHP group
Given Australia’s huge natural resources and commodities-based economy, it’s no surprise that BHP Group is the biggest company in the country. Not only is it the biggest listed company on the ASX, but it also is the world’s biggest mining company by market capitalization, second only to Rio Tinto.
It’s been around since 1885, when it was called the Broken Hill Proprietary Company, but it changed its name in 2018 to BHP Group. It used to be listed on the ASX but now it’s only listed in Australia. BHP Group mines for four main resources: Coal, Copper, Iron ore and Oil.
They mine for Coal in Australia and North America, Oil in the US and Australia, Oil in the UK, TT and Tobago, and Oil in Algeria. They have about 40 mines and oil fields in total.
2. Commonwealth Bank Of Australia
CommBank, also known as the Commonwealth Bank of Australia (CBA), is the second largest Australian company, behind only National Australia Bank (NAB). Unlike the international stocks listed on the UK’s largest companies list, many of the top Australian stocks are domestically-facing.
CBA operates in the United States and the United Kingdom, but derives the majority of its revenue from the domestic markets in Australia and New Zealand. Founded in 1911 by the Government of Australia, CBA served as Australia’s central bank from 1920 to 1959, issuing bank notes in lieu of the Treasury.
In 1960, the central bank functions of the Bank of Australia were spun off and the Bank of Australia was established as a purely commercial bank.
3. CSL
Commonwealth Serum Laboratories (CSL) is an Australian company that was set up in 1994 and specializes in the treatment of serious human conditions. It is one of the top 10 companies with a range of products, including blood plasma derivatives, vaccines, antivenom, and cell culture reagents.
It was one of the first companies to create a vaccine for the first H1N1 pandemic and has since produced the Oxford / AstraZeneca Covid vaccine for Australia. In 2019, CSL’s stock skyrocketed to the top of the ASX, growing 50% as demand for its immunoglobulins and albumin products soared.
It’s currently trading a bit off its record high from early 2020.
4. National Australia bank
The National Australia Bank (NAB) is currently the second-largest banking company in Australia, with a market capitalisation of $83 billion. Its market capitalisation is not as high as that of its closest competitors, Westpac and Anzac Bank ($74 billion and $71 billion respectively).
NAB is divided into eight divisions, each covering three regions. The majority of its operations are located in Australia, where it provides business banking, personal banking, online banking and private wealth services. Additionally, NAB operates a branch in New Zealand and has a customer base of over one million in the country.
Its global division is mainly concentrated in Asia. The bank was established in 1982 by the merger of National Bank of Australian and Commercial Banking Co of Sydney.
5. Westpac Banking Corporation
Westpac is one of the oldest banks in Australia was set up in 1817 in New South Wales as the Bank of NSW. It’s one of the ‘big four’ Australian financial institutions, along with NAB and ANZ. It also has a presence in New Zealand through its subsidiary, WNZ, which has over one and a half million customers.
Westpac’s shares are traded on the Australian Stock Exchange and New Zealand’s Exchange.
6. ANZ
Anzac Banking Group (ANZ) is the smallest of the ‘Big Four’ financial institutions by market cap.
Despite being the least-valued of the four, ANZ is the second-largest financial institution by total assets, after Commonwealth Bank. ANZ generates the majority of its profits in the Australian market, however it also operates as the largest bank in New Zealand via its ANZ Bank NZ subsidiary.
Like many other leading Australian financial institutions, ANZ also has a strong presence in Asia-Pacific. ANZ, like Westpac, has dual listings on the Australian Stock Exchange (ASX) and the New Zealand Stock Exchange (NZX).
7. Macquarie group
Macquarie Group (MQG) is a global financial services company, currently the seventh-largest in Australia by market capitalisation. It is the largest infrastructure asset manager in the world and a major player in mergers and acquisitions (M&A) in Australia.
MQG is active in a variety of areas, including asset management, personal banking, trading, forex, capital and financing, and initial public offerings (IPOs).
8. woodside energy
In the non-financial sector, Woodside ranks eighth on the list of the largest Australian listed companies. Woodside is an oil exploration and production company that dates back to the 1960s. In 2022, Woodside merged with BHP’s petrol division. The merged entity continues to operate under the WDS name on the WDS stock exchange. The merger also led to the launch of new secondary listings on LSE (London Stock Exchange) and NYSE (New York Stock Exchange).
9. Fortescue Metals
FMG is the ninth-ranked iron-ore miner on our list. The company has a market capitalisation of A$63 billion and produces 204 million tonnes in 2020. Fortescue is the fourth-largest iron-ore miner in the world, after Vale (VALE), Rio Tinto (RIO) and BHP (BHP).
The company operates primarily in Australia’s Pilbara state, where it holds the largest share of all mining companies. Due to the narrow product range of Fortescue, its share price tends to be highly correlated to iron ore prices.
10. Wesfarmers
Wesfarmers, also known as WES, is an Australian conglomerate and the tenth-largest company in Australia. It has a number of divisions, but is best known for owning the Bunnings Warehouse retail chain, which has over 200 stores in Australia and New Zealand, generating most of the company’s revenue.
WES also owns the Kmart, Officeworks chains, as well as WesCF, which manufactures chemicals and fertilisers, and WesCF, which provides industrial and safety equipment.
To End,
In this article, we tried to introduce you the top 10 companies in Australia with a focus their market cap and performance which put the among the best and biggest companies to work for. The list, definitely, can be longer. Thus, we would eagerly wait to have your experiences working with the best working places. Click the comment box below to start.