NEW YORK, Aug. 5, 2024. Today, Fortune released the 2024 Fortune Global 500(™), the definitive list of the world’s largest corporations ranked by revenue for the 2023 fiscal year. Walmart, the Arkansas-based retailer, is No. 1 for the 11th consecutive year, followed by Amazon (No. 2), State Grid (No. 3), Saudi Aramco (No. 4), and Sinopec (No. 5).
Fortune’s authoritative ranking of the current corporate world order showed the dominating presence of U.S. companies (139). With an increase of three companies from 2023, the U.S. took the lead away from Greater China (133 companies, down 9 from last year) for the first time since 2018. Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan. China and U.S. companies account for 9 of the 10 most profitable Fortune Global 500 companies. The Ranking:
Walmart (U.S.)
Amazon.com (U.S.)
State Grid (China)
Saudi Aramco (Saudi Arabia)
Sinopec (China)
China National Petroleum (China)
Apple (U.S.)
UnitedHealth Group (U.S.)
Berkshire Hathaway (U.S.)
CVS Health (U.S.)
