Fortune Global 500

The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine.

Methodology

Until 1989, it listed only non-United States industrial corporations under the title "International 500" while the Fortune 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue.

Controversy

Several inconsistencies exist in Fortune's ranking of cities with the most Fortune 500 headquarters. On June 3, 2011, the Atlanta Business Chronicle stated examples of Fortune including regional headquarters for some cities, excluding regional headquarters for other cities and in some cases excluding headquarters that are physically located inside a city limit.[1]

Geographical distribution

Since 2001, there has been a significant change in the geographical distribution of the companies in the Global 500 rankings. The number of North American-based companies decreased from 215 in 2001 to 143 in 2017 and the contribution of Asian-based companies increased rapidly from 116 in 2001 to 197 in 2017. Most of this growth is accounted for by the rapid increase in the number of Chinese Global 500 companies, of which there were 109 by 2017, increasing from only 10 in 2001. The share of European-based companies also declined, from 158 to 143, over the same period.[2][3][4]

Fortune Global 500 list of 2019

The following is the list of top 10 companies.[5]

Fortune Global 500 list of 2019
Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $514 billion
2 Sinopec Group  China Petroleum $415 billion
3 Royal Dutch Shell  Netherlands  United Kingdom Petroleum $397 billion
4 China National Petroleum  China Petroleum $393 billion
5 State Grid  China Energy $387 billion
6 Saudi Aramco  Saudi Arabia Energy $356 billion
7 BP  United Kingdom Petroleum $304 billion
8 Exxon Mobil  United States Petroleum $290 billion
9 Volkswagen  Germany Automobiles $278 billion
10 Toyota Motor  Japan Automobiles $273 billion

Breakdown by country

As of July 2019, this is the list of the top 10 countries with the most Global 500 companies.[5]

Breakdown by country
Rank Country Companies
1  United States121
2  China 119
3  Japan52
4  France31
5  Germany29
6  United Kingdom 18
7  South Korea16
8   Switzerland14
9  Canada13
10  Netherlands 12

The Global 500 lists Taiwan separately. If its 10 companies were combined with the 119 in China (and Hong Kong), then greater China would have 129 companies and rank first.

The Global 500 includes Unilever & Royal Dutch Shell under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.

Breakdown by sector

The top-ranked companies in 2019 for each sector.[5]

SectorCompanyHeadquartersOverall
rank
Revenues
($M)
Aerospace & DefenseBoeing Chicago0060#68101,127
ApparelChristian Dior Paris0234#18755,263
Business servicesCompass Group Chertsey0434#40330,879
ChemicalsDuPont Midland0126#10085,977
EnergySinopec Group Beijing0002#2414,650
Engineering & ConstructionChina State Construction Engineering Beijing0024#21181,525
FinancialsBerkshire Hathaway Omaha0008#12247,837
Food & Drug StoresWalgreens Boots Alliance Deerfield0037#40131,537
Food, Beverages & TobaccoNestlé Vevey0064#7693,513
Health CareUnitedHealth Group Minnetonka0013#14226,247
Household ProductsProcter & Gamble Cincinnati0098#14666,832
IndustrialsGeneral Electric Boston0031#48120,268
MaterialsChina Minmetals Beijing0120#11280,076
MediaWalt Disney Burbank0161#17059,434
Motor Vehicles & PartsVolkswagen Wolfsburg0005#9278,342
RetailingWalmart Bentonville0001#1514,405
TechnologyApple Cupertino0009#11265,595
TelecommunicationsAT&T Dallas0019#25170,756
TransportationChina Post Group Beijing0099#10185,628
WholesalersTrafigura Group Singapore0011#22180,744

Fortune Global 500 list of 2018

The following is the list of top 10 companies.[6]

Fortune Global 500 list of 2018
Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $500 billion
2 State Grid  China Energy $349 billion
3 Sinopec Group  China Petroleum $327 billion
4 China National Petroleum  China Petroleum $326 billion
5 Royal Dutch Shell  Netherlands  United Kingdom Petroleum $312 billion
6 Toyota Motor  Japan Automobiles $265 billion
7 Volkswagen  Germany Automobiles $260 billion
8 BP  United Kingdom Petroleum $245 billion
9 Exxon Mobil  United States Petroleum $244 billion
10 Berkshire Hathaway  United States Holding $242 billion

Breakdown by country

As of July 2018, this is the list of the top 10 countries with the most Global 500 companies.[6]

Breakdown by country
Rank Country Companies
1  United States126
2  China120
3  Japan52
4  Germany32
5  France28
6  United Kingdom 21
7  South Korea16
8  Netherlands 15
9   Switzerland14
10  Canada12

The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.

As shown in the table above, 436 (87.2%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland and United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, Germany, France and United Kingdom) are the world's largest economies as estimated by the IMF (List of countries by GDP (nominal)). Among the Global 500, 379 companies (75.8%) are from these six countries.

Breakdown by sector

The top-ranked companies in 2018 for each sector.[6]

SectorCompanyHeadquartersOverall
rank
Revenues
($M)
Aerospace & DefenseBoeing Chicago0060#6493,392
ApparelChristian Dior Paris0234#20849,221
Business servicesCompass Group Chertsey0434#41328,578
ChemicalsBASF Ludwigshafen0126#11272,677
EnergyState Grid Beijing0002#2348,903
Engineering & ConstructionChina State Construction Engineering Beijing0024#23156,071
FinancialsBerkshire Hathaway Omaha0008#10242,137
Food & Drug StoresKroger Cincinnati0037#39122,662
Food, Beverages & TobaccoNestlé Vevey0064#6991,222
Health CareUnitedHealth Group Minnetonka0013#15201,159
Household ProductsProcter & Gamble Cincinnati0098#13566,217
IndustrialsGeneral Electric Boston0031#41122,274
MaterialsChina Minmetals Beijing0120#10972,997
MediaDisney Burbank0161#17655,137
Motor Vehicles & PartsToyota Motor Toyota0005#6265,172
RetailingWalmart Bentonville0001#1500,343
TechnologyApple Cupertino0009#11229,234
TelecommunicationsAT&T Dallas0019#20160,546
TransportationChina Post Group Beijing0099#11372,197
WholesalersMcKesson San Francisco0011#13208,357


Breakdown by industry

The top-ranked companies in 2018 for each industry.

Fortune Global 500 by Industry
Industry Company Country Rank Revenue ($M)
Aerospace & Defense Boeing United States 64 93,392
Airlines American Airlines United States 260 42,207
Apparel Christian Dior France 208 49,221
Banks: Commercial & Savings Industrial & Commercial Bank China 26 153,021
Beverages Anheuser-Busch InBev Belgium 170 56,444
Building Materials, Glass Saint-Gobain France 231 46,002
Chemicals BASF Germany 112 72,677
Computer Software Microsoft United States 71 89,950
Computers, Office Equipment Apple United States 11 229,234
Construction & Farm Machinery Caterpillar United States 238 45,462
Diversified Financials EXOR Group Netherlands 19 161,677
Electronics, Electrical Equipment Samsung Electronics South Korea 12 211,940
Energy Gazprom Russia 49 111,983
Engineering & Construction China Construction Engineering China 23 156,071
Entertainment Disney United States 176 55,137
Food & Drug Stores Kroger United States 39 122,662
Food Consumer Products Nestle Switzerland 69 91,222
Food Production Archer Daniels Midland United States 152 60,828
Food Services Compass Group United Kingdom 413 28,578
General Merchandisers Walmart United States 1 500,343
Health Care: Insurance & Managed Care UnitedHealth Group United States 15 201,159
Health Care: Medical Facilities HCA Healthcare United States 215 47,653
Health Care: Pharmacy & Other Services CVS Health United States 17 184,765
Household & Personal Products Procter & Gamble United States 135 66,217
Human Resources & Employment Services Adecco Group Switzerland 441 26,670
Industrial Machinery General Electric United States 41 122,274
Information Technology Services IBM United States 92 79,139
Insurance: Life, Health (Mutual) Nippon Life Insurance Japan 126 68,684
Insurance: Life, Health (Stock) AXA France 27 149,461
Insurance: Property & Casualty (Mutual) State Farm Insurance United States 95 78,331
Insurance: Property & Casualty (Stock) Berkshire Hathaway United States 10 242,137
Internet Services & Retailing Amazon.com United States 18 177,866
Mail, Package, & Freight Delivery China Post Group China 113 72,197
Medical Products & Equipment Medtronic Ireland 396 29,710
Metals China Minmetals China 109 72,997
Mining, Crude-Oil Production Glencore Switzerland 14 205,476
Motor Vehicles & Parts Toyota Motor Japan 6 265,172
Network & Other Communications Equipment Huawei Investment & Holding China 72 89,311
Oil & Gas Equipment, Services Schlumberger United States 386 30,440
Petroleum Refining Sinopec Group China 3 326,953
Pharmaceuticals China Resources China 86 82,184
Pipelines Energy Transfer Equity United States 217 47,487
Railroads Deutsche Bahn Germany 211 48,124
Real Estate China Evergrande Group China 230 46,019
Semiconductors & Other Electronic Components Intel United States 146 62,761
Shipping China Shipbuilding Industry China 245 44,431
Specialty Retailers Home Depot United States 57 100,904
Telecommunications AT&T United States 20 160,546
Textiles Shandong Weiqiao Pioneering China 185 53,203
Tobacco Philip Morris International United States 411 28,748
Trading Trafigura Group Singapore 32 136,421
Utilities State Grid China 2 348,903
Wholesalers: Electronics & Office Equipment Tech Data United States 315 36,775
Wholesalers: Food & Grocery Sysco United States 174 55,371
Wholesalers: Health Care McKesson United States 13 208,357


Most profitable

The global 500 list sorted by profits.[7]

Fortune Global 500 most profitable of 2018
Rank Company Country Profits ($M)
1 Apple United States $48,351.0
2 British American Tobacco United Kingdom $48,327.8
3 Berkshire Hathaway United States $44,940.0
4 Industrial & Commercial Bank of China China $42,323.7
5 Samsung Electronics South Korea $36,575.4
6 China Construction Bank China $35,845.2
7 Verizon United States $30,101.0
8 AT&T United States $29,450.0
9 Agricultural Bank of China China $28,550.4
10 Bank of China China $25,509.2

Fortune Global 500 list of 2017

The following is the list of top 10 companies.[8][9]

Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $486 billion
2 State Grid  China Energy $316 billion
3 Sinopec Group  China Petroleum $268 billion
4 China National Petroleum  China Petroleum $263 billion
5 Toyota Motor  Japan Automobiles $255 billion
6 Volkswagen  Germany Automobiles $240 billion
7 Royal Dutch Shell  Netherlands Petroleum $240 billion
8 Berkshire Hathaway  United States Products $242 billion
9 Apple  United States Technology $216 billion
10 Exxon Mobil  United States Petroleum $205 billion

Fortune had previously listed Shell as a British/Dutch company, but as of the 2016 listing it is listed as Dutch.

Breakdown by country

As of November 2017, this is the list of the top 10 countries with the most Global 500 companies.[10]

RankCountryCompanies
1 United States133
2 China109
3 Japan51
4 France29
5 Germany29
6 United Kingdom 21
7 South Korea15
8 Netherlands 15
9  Switzerland13

The Global 500 includes Unilever under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.

As can be seen from the table above, 425 (85.0%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland and United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, France, Germany and United Kingdom) are some of the world's largest economies as estimated by the IMF (List of countries by GDP (nominal)). Among the Fortune Global 500, 371 companies (74.2%) are from these six countries.

Breakdown by sector

The top-ranked companies in each sector are as follows.

SectorCompanyHeadquartersOverall
rank
Revenues
($M)
Aerospace & DefenseBoeing Chicago0060#6094,571
ApparelChristian Dior Paris0234#23442,113
Business servicesThe Adecco Group Zürich0434#43425,112
ChemicalsBASF Ludwigshafen0126#12663,641
EnergyState Grid Corporation of China Beijing0002#2315,199
Engineering & ConstructionChina State Construction Engineering Beijing0024#24144,505
FinancialsBerkshire Hathaway Omaha0008#8223,604
Food & Drug StoresWalgreens Boots Alliance Deerfield0037#37117,351
Food, Beverages & TobaccoNestlé Vevey0064#6490,814
Health CareUnitedHealth Group Minnetonka0013#13184,840
Household ProductsProcter & Gamble Cincinnati0098#9871,726
IndustrialsGeneral Electric Boston0031#31126,661
MaterialsChina Minmetals Beijing0120#12065,547
MediaThe Walt Disney Company Burbank0161#16155,632
Motor Vehicles & PartsToyota Motor Toyota0005#5255,000
RetailingWalmart Bentonville0001#1485,873
TechnologyApple Cupertino0009#9215,639
TelecommunicationsAT&T Dallas0019#19163,786
TransportationU.S. Postal Service Washington, D.C.0099#9971,498
WholesalersMcKesson San Francisco0011#11198,533

See also

References

  1. Maria Saporta. "Some cities rankings are overstated". Atlanta Business Chronicle. Archived from the original on 14 July 2013. Retrieved 28 October 2012.
  2. "A New Perspective on the Corporate World". CNN Money, Fortune Magazine. Archived from the original on June 29, 2019. Retrieved July 8, 2013.
  3. "Visualize The Global 500". Fortune. Archived from the original on 2016-09-07. Retrieved 2016-09-16.
  4. "40% of Fortune 500 companies Asian, India has 7 in list - Times of India â–º". The Times of India. Archived from the original on February 17, 2019. Retrieved January 28, 2019.
  5. "Global 500". Fortune. Archived from the original on 2019-08-07. Retrieved 2019-07-22.
  6. "Fortune Global 500 List 2018: See Who Made It". Fortune. Archived from the original on 2019-05-10. Retrieved 2018-07-19.
  7. "Fortune Global 500 List 2018: See Who Made It". Fortune. Archived from the original on 2019-05-10. Retrieved 2019-03-14.
  8. "Fortune Global 500 List 2018: See Who Made It". Fortune. Archived from the original on 2012-05-09. Retrieved 28 January 2019.
  9. "Global 500". Fortune. Archived from the original on September 7, 2013. Retrieved July 7, 2014.
  10. "Global 500 2017". Fortune. Number of companies data taken from the "Country" box.
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