The Fortune Global 500 ranking for 2024 reveals the latest landscape of global business giants. This authoritative Fortune 500 Global Ranking not only reflects the current state of large enterprises worldwide but also provides crucial insights into various countries’ economic strengths.

Overall Performance

The total revenue of the Global 500 companies reached an impressive $41 trillion, representing approximately 33% of global GDP, with a slight increase of 0.1% from the previous year. Notably, the threshold for making the list rose to $32.1 billion, up significantly from $30.9 billion last year.

Financial Highlights

• Total net profits reached $2.97 trillion, up 2.3% year-over-year
• Total assets reached an all-time high
• Employee count hit a historic record since the ranking’s inception

Leading Companies

Retail giant Walmart demonstrated its continued dominance by maintaining the top position for the 11th consecutive year. E-commerce leader Amazon returned to second place, while China’s State Grid held steady at third. Energy powerhouse Saudi Aramco and Sinopec secured the fourth and fifth positions respectively.

Profit Rankings Highlights

Top Profit Performers

• Saudi Aramco leads with $120.7 billion in profits
• Tech giants showed strong performance: Apple, Alphabet, and Microsoft secured second, fourth, and fifth places respectively
• Berkshire Hathaway made a remarkable turnaround, claiming third place with $96.2 billion in profits

Chinese Financial Institutions
Three Chinese commercial banks ranked among the world’s most profitable companies:

• Industrial and Commercial Bank of China (ICBC) led with profits exceeding $51.4 billion
• China Construction Bank followed closely
• Agricultural Bank of China secured its position in the top ten

This latest ranking not only showcases the competitive strength of global enterprises but also reflects the shifting positions of various countries on the world economic stage, providing valuable reference data for business leaders and researchers.

Official website: www.walmart.com

Walmart is the world’s largest retail corporation, headquartered in Arkansas, USA. Founded by Sam Walton in 1962, it now operates over 10,500 stores across 24 countries. Known for its low-price strategy and efficient supply chain management, Walmart has maintained its position as the world’s largest company for 11 consecutive years. The company continues to invest in digital technology, enhancing shopping experiences and operational efficiency. As the world’s largest private employer, Walmart employs 2.1 million people. In fiscal 2023, total revenue reached $611.1 billion, maintaining its industry leadership.

Official website: www.amazon.com

Amazon is the global leader in e-commerce and cloud computing, and it is headquartered in Seattle, USA. Founded by Jeff Bezos in 1994 as an online bookstore, it has evolved into “The Everything Store.” Through continuous innovation and diversification, Amazon has expanded into e-commerce, cloud computing, AI, and digital streaming. The company owns prominent brands including Amazon Prime, AWS, and Alexa. With over 1.5 million employees globally, Amazon is the world’s second-largest private employer, achieving revenues of $574.8 billion in 2023.

Official website: www.sgcc.com.cn

State Grid is China’s largest utility company and the world’s largest electric utility. Established in 2002, it manages over 80% of China’s power grid. With 1.3 million employees serving 1.1 billion users, State Grid generated revenue of $546 billion in 2023.

The company actively promotes smart grid construction and has proposed the Global Energy Interconnection initiative. It has also expanded internationally, owning grid assets in multiple countries.

Official website: www.aramco.com

Saudi Aramco is the world’s largest oil company, headquartered in Saudi Arabia. It holds the world’s second-largest proven crude oil reserves and produces over 10 million barrels daily.

The company completed history’s largest IPO in 2019 on the Saudi Stock Exchange. With net profits of $120.7 billion in 2023, it remains the world’s most profitable company.

Aramco plays a crucial role in Saudi Arabia’s economic diversification efforts.

Official website: www.sinopecgroup.com

Sinopec is China’s largest integrated oil and petrochemical enterprise, covering the entire industry chain from oil and gas exploration to refining and sales.

Operating over 100,000 gas stations globally, it’s the world’s largest refining company and second-largest chemical company.

Sinopec actively pursues internationalization and is transitioning toward comprehensive energy services.

Official website: www.cnpc.com.cn

CNPC is China’s largest oil and gas producer and supplier, operating in over 70 countries.

As the world’s third-largest oil company, it focuses on oil and gas exploration, refining, and trading. CNPC plays a key role in China’s Belt and Road Initiative and is crucial to national energy security.

Official website: www.apple.com

Apple is a global technology leader known for innovative products and services. Founded in 1976 by Steve Jobs and others, it has launched industry-changing products like iPhone, iPad, and Mac.

Apple’s ecosystem combines hardware, software, and services.

The company generated revenue of $383.3 billion in fiscal 2023 and remains one of the world’s most valuable companies.

Official website: www.unitedhealthgroup.com

UnitedHealth is America’s largest healthcare and insurance company, operating through UnitedHealthcare and Optum.

Serving over 50 million people globally with 2.1 million employees, the company leverages data and technology to improve healthcare quality and efficiency.

Revenue reached $371.6 billion in 2023.

Official website: www.berkshirehathaway.com

Berkshire Hathaway is a diversified holding company led by Warren Buffett.

It owns numerous subsidiaries including GEICO, BNSF Railway, and Duracell, with significant stakes in public companies like Apple, American Express, and Coca-Cola.

The company’s Class A shares are the highest-priced stock globally, exceeding $700,000 in August 2024.

Official website: www.cvshealth.com

CVS Health is a leading American healthcare company operating retail pharmacies, pharmacy benefits management, and health insurance services.

With nearly 10,000 stores, it’s one of America’s largest pharmacy chains.

Through Caremark and Aetna, it provides comprehensive healthcare services. Revenue reached $357.8 billion in 2023, establishing its significant position in the U.S. healthcare industry.

Official website: www.volkswagen.com

Volkswagen is one of the world’s leading automobile manufacturers, headquartered in Germany. Founded in 1937, the company is known for producing a wide range of vehicles, from economy cars to luxury brands such as Audi and Porsche. Volkswagen has a strong global presence, with production facilities in multiple countries and a diverse portfolio of brands under its umbrella. The company is committed to sustainability and innovation, investing heavily in electric vehicles and advanced automotive technologies. In 2023, Volkswagen reported revenue of $348.4 billion.

Official website: www.exxonmobil.com

Exxon Mobil is one of the largest publicly traded oil and gas companies in the world, headquartered in Irving, Texas, USA. Formed through the merger of Exxon and Mobil in 1999, the company is involved in all aspects of the oil and gas industry, including exploration, production, refining, and marketing.

Exxon Mobil has a significant global presence and operates in more than 50 countries. The company is also investing in renewable energy technologies to adapt to the changing energy landscape. In 2023, Exxon Mobil generated revenue of $344.6 billion.

Official website: www.shell.com

Shell is a global group of energy and petrochemical companies headquartered in The Hague, Netherlands. Founded in 1907, Shell operates in over 70 countries and is involved in all aspects of the oil and gas industry, including exploration, production, refining, and distribution.

The company has made significant investments in renewable energy sources and aims to become a net-zero emissions energy business by 2050. In 2023, Shell reported revenue of $323.2 billion.

Official website: www.cscec.com

China State Construction Engineering Corporation (CSCEC) is the largest construction company in the world by revenue, headquartered in Beijing, China. Established in 1982, CSCEC specializes in construction and engineering services across various sectors including residential buildings, infrastructure projects, and urban development.

The company has expanded its operations internationally and has undertaken numerous high-profile projects worldwide. In 2023, CSCEC reported revenue of $320.4 billion.

Official website: www.toyota-global.com

Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Japan. Founded in 1937 by Kiichiro Toyoda, Toyota is known for its innovative manufacturing processes and commitment to quality.

It produces a wide range of vehicles under various brands including Lexus and Scion. Toyota has been a pioneer in hybrid technology with the introduction of the Prius and is now focusing on electric vehicles as part of its sustainability initiatives. In 2023, Toyota reported revenue of $312 billion.

Official website: www.mckesson.com

McKesson Corporation is an American healthcare company based in Irving, Texas. Founded in 1833, McKesson is one of the largest pharmaceutical distributors in North America and provides healthcare management solutions to hospitals and healthcare providers.

The company plays a critical role in ensuring that medications are delivered safely and efficiently across the healthcare system. McKesson has also been involved in initiatives to improve healthcare access and affordability. In 2023, it reported revenue of $308.9 billion.

Official website: www.abc.xyz

Alphabet Inc., the parent company of Google, is an American multinational conglomerate based in Mountain View, California. Founded in 2015 as part of a corporate restructuring of Google, Alphabet encompasses various businesses including search engine services (Google), advertising services (YouTube), cloud computing (Google Cloud), and hardware (Pixel).

Alphabet is known for its innovation-driven approach and significant investments in emerging technologies such as artificial intelligence and autonomous vehicles. In 2023, Alphabet generated revenue of $307.4 billion.

Official website: www.cencora.com

Cencora (formerly known as AmerisourceBergen) is an American pharmaceutical sourcing and distribution services company based in Chesterbrook, Pennsylvania. Founded to provide pharmaceutical products and services to healthcare providers globally, Cencora focuses on improving patient access to medications through innovative solutions and technology-driven services.

The company partners with pharmaceutical manufacturers to ensure efficient distribution channels while maintaining high standards for safety and compliance. In 2023, Cencora reported revenue of $262.2 billion.

Official website: www.trafigura.com

Trafigura Group Pte Ltd is a Singapore-based multinational commodity trading company founded in 1993 by Claude Dauphin and Eric de Turckheim. Specializing in trading oil and petroleum products as well as metals and minerals, Trafigura operates globally with a strong focus on emerging markets.

The company leverages its extensive network to optimize supply chains for its clients while maintaining sustainability practices within its operations. In 2023, Trafigura reported revenue of $244.3 billion.

Official website: www.costco.com

Costco Wholesale Corporation is an American multinational corporation that operates a chain of membership-only warehouse clubs based in Issaquah, Washington. Founded in 1983 by James Sinegal and Jeffrey Brotman, Costco offers a wide selection of merchandise at low prices through bulk purchasing strategies that benefit its members directly.

With over 800 locations worldwide, Costco has built a loyal customer base focused on quality products at competitive prices while emphasizing customer satisfaction and value for money. In 2023, Costco reported revenue of $242.3 billion.

Official website: www.jpmorganchase.com

JPMorgan Chase & Co., headquartered in New York City, is one of the largest financial services firms globally with operations spanning investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and private equity investment management services.

With origins dating back to the early 19th century through various mergers including J.P Morgan & Co., Chase Manhattan Bank among others; JPMorgan Chase serves millions of customers worldwide through its extensive network of branches and ATMs while maintaining a strong commitment to corporate responsibility and community engagement efforts.

Official website: www.icbc.com.cn

The Industrial & Commercial Bank of China (ICBC) is one of China’s largest banks by assets and market capitalization headquartered in Beijing since its establishment in 1984; ICBC provides comprehensive financial services including corporate banking retail banking investment banking asset management etc., serving millions of across China while expanding internationally with branches around the globe aiming at becoming a leading global bank committed towards sustainable development practices through responsible lending policies among others; ICBC reported revenue reaching approximately $222 billion during fiscal year ending December last year.

Official website: totalenergies.com

TotalEnergies SE is a French multinational integrated oil and gas company headquartered in Courbevoie near Paris; founded back during World War II under the name “Compagnie Française des Pétroles” it rebranded itself into Total later on; today it operates across all sectors related to energy including exploration production refining distribution marketing renewable energies etc.;

TotalEnergies aims at achieving net-zero emissions by mid-century while investing heavily into low-carbon technologies alongside traditional fossil fuel operations; their revenues amounted up-to around $218 billion last year indicating strong performance despite ongoing transitions within industry landscape overall.

Official website: www.glencore.com

Glencore plc is a Swiss-based multinational commodity trading firm founded back during late ’90s originally focusing solely on trading raw materials such as metals minerals agricultural products etc.; over time it expanded into mining operations becoming one among largest producers globally dealing primarily with copper cobalt zinc nickel coal etc.

Glencore emphasizes sustainability practices throughout the supply chain ensuring responsible sourcing while maintaining profitability even amidst fluctuating market conditions; their reported revenues reached approximately $217 billion last year showcasing resilience within the challenging economic environment faced recently across sectors involved.

Official website: www.bp.com

BP plc (British Petroleum) is an integrated oil & gas company headquartered in London UK established way back during the late ’19th century. It initially focused primarily on extraction processing and selling petroleum products but gradually diversified into renewable energies too aiming towards achieving net-zero emissions by mid-century; BP operates across all segments related from upstream exploration production downstream refining marketing retailing offering various solutions catering needs customers worldwide while investing heavily into clean energy initiatives transitioning towards greener future overall; their total revenues reached around $213 billion last year reflecting ongoing efforts amidst changing dynamics within global energy sector overall.

official website: www.microsoft.com

Microsoft Corporation was founded back during the early ’75s by Bill Gates and Paul Allen primarily focusing initially on developing software solutions like MS-DOS Windows operating systems later expanding into hardware devices cloud computing services gaming consoles etc.; today it’s recognized globally among tech giants providing comprehensive suite applications ranging from Office productivity tools Azure cloud platform Xbox gaming ecosystem etc.; Microsoft emphasizes innovation continuously striving enhance user experiences while maintaining commitment towards corporate social responsibility initiatives supporting education sustainability efforts among others; their total revenues reached approximately $211 billion last year indicating strong performance amidst competitive landscape faced recently within industry overall.

Official website: www.cardinalhealth.com

Cardinal Health Inc., based out of Columbus Ohio USA was established back during early ’70s primarily focusing on providing healthcare services logistics pharmaceutical distribution medical products etc.; today it’s recognized among leading firms operating within the healthcare sector serving hospitals pharmacies physicians providing them necessary resources ensuring efficient delivery quality care patients across the nation while emphasizing safety compliance throughout operations continuously striving to enhance operational efficiencies reduce costs improve outcomes overall. Their total revenues reached approximately $205 billion last year showcasing resilience amidst ongoing challenges faced recently across sectors involved overall.

Official website: www.stellantis.com

Stellantis N.V., formed through merger between Fiat Chrysler Automobiles PSA Group became one among largest automotive manufacturers globally focusing on designing manufacturing selling vehicles under multiple brands including Jeep Dodge Peugeot Citroën, etc.; headquartered at Amsterdam Netherlands Stellantis emphasizes innovation sustainability aiming towards reducing carbon footprint through electrification initiatives alongside traditional combustion engine offerings ensuring diverse portfolio caters needs consumers worldwide effectively; their total revenues reached around $204 billion last year showcasing strong performance amidst evolving automotive landscape faced recently overall.

Official website: www.chevron.com

Chevron Corporation was founded back during the late ’19th century and initially focused primarily on extraction processing selling petroleum products gradually expanding into natural gas renewable energies too aiming towards achieving sustainable practices throughout operations ensuring responsible sourcing and environmental stewardship maintaining profitability even amidst fluctuating market conditions faced recently across sectors involved overall; headquartered at San Ramon California USA Chevron operates globally providing various solutions catering needs customers worldwide emphasizing safety compliance throughout operations continuously striving enhance operational efficiencies reduce costs improve outcomes overall; their total revenues reached approximately $200 billion last year indicating resilience amidst ongoing challenges faced recently overall.

Official website: www.ccb.com

China Construction Bank (CCB) was established back during the early ’50s primarily focusing on providing comprehensive financial services catering to the needs of corporate and individual clients alike offering various solutions ranging from retail banking investment banking asset management etc.; today it’s recognized among the leading banks operating within China serving millions customers nationwide while expanding internationally establishing branches across globe aiming towards becoming leading global bank committed towards sustainable development practices through responsible lending policies among others; their total revenues reached approximately $199 billion last year showcasing resilience amidst ongoing challenges faced recently overall.

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