Fortune Global 500

The corporations on our annual list of the world’s 500 largest companies posted near-flat, but still record-breaking aggregate revenues of $41 trillion in 2023, with a year-over-year increase of 0.1%. Walmart remains No. 1 for the 11th consecutive year, while Amazon reaches a new high and claims the No. 2 spot (up from No. 4 last year). Saudi Aramco falls to No. 4; however, with $121 billion in profits, it was the most profitable company on the list for the third year in a row. For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed that of Greater China (133 companies). The U.S. companies generated $13.8 trillion in aggregate revenues, a 6% increase from last year.