FORTUNE Global 500 list ranks the world’s largest corporations by revenue. The global ranking for 2019 fiscal year has Walmart on the top spot for the seventh consecutive year, and for the 15th time since 1995. For the first time ever, Mainland China (including Hong Kong) has the most companies on the list, up five from last year with 124. Adding Taiwan, the total for Greater China is 133. The U.S. held steady with 121, and Japan gained one for a total of 53. The companies on the 2020 list are based in 225 cities and 32 countries around the world. This year there are 14 women CEOs of FORTUNE Global 500 companies.
In 2019, FORTUNE Global 500 companies generated revenues totaling $33.3 trillion. This accounts for more than one-third of the world’s GDP. These companies $2.06 trillion in profits (down 4%) and employ 69.9 million people worldwide. Saudi Aramco (No. 6) netted $88 billion in profits, and is the FORTUNE Global 500’s most profitable company for the second consecutive year.
THE FORTUNE GLOBAL 500 TOP 10 LIST:
1. Wal-Mart Stores (U.S.)
2. Sinopec (China)
3. State Grid (China)
4. China National Petroleum (China)
5. Royal Dutch Shell (Netherlands)
6. Saudi Aramco (Saudi Arabia)
7. Volkswagen (Germany)
8. BP (Britain)
9. Amazon.com (U.S.)
10. Toyota Motor (Japan)
In this global ranking companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2020. Check out the global rankings and related visualizations here.