The FORTUNE Global 500 list ranks the world’s largest corporations by revenue. This year, Walmart claimed the top spot for the seventh consecutive year, and for the 15th time since 1995 with a total revenue of $523,964 million.
Sinopec is second with a total revenue of $407,009 million. State Grid, in third position, China National Petroleum (No. 4) and Royal Dutch Shell (No. 5) – rounded out the top five.
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 woman CEOs of FORTUNE Global 500 companies.
FORTUNE Global 500 companies generated revenues totaling more than one-third of the world’s GDP. They generated $33.3 trillion in revenues (up 2%), $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.
View the complete ranking here.