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 and 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, not including regional headquarters for other cities and in some cases not including 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 reduced, from 158 to 143, over the same period.[2][3][4]

Fortune Global 500 list of year 2018

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

Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $500 billion
2 State Grid  China Power $349 billion
3 Sinopec Group  China Petroleum $327 billion
4 China National Petroleum  China Petroleum $326 billion
5 Royal Dutch Shell  Netherlands 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 Products $242 billion

Breakdown by country

As of July 2018, this is the list of the top 10 countries with the most Global 500 companies.[5]

RankCountryCompanies
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, 428 (86%) 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, 371 companies (74.2%) are from these six countries.

Fortune Global 500 list of year 2017

The following is the list of top 10 companies.[6][7]

Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $486 billion
2 State Grid  China Power $315 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 (United Kingdom) † 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.[8]

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.

By industry sector

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

SectorCompanyHeadquartersOverall
rank
Revenues
($M)
Aerospace & DefenseBoeing Chicago#6094,571
ApparelChristian Dior Paris#23442,113
Business servicesThe Adecco Group Zürich#43425,112
ChemicalsBASF Ludwigshafen#12663,641
EnergyState Grid Corporation of China Beijing#2315,199
Engineering & ConstructionChina State Construction Engineering Beijing#24144,505
FinancialsBerkshire Hathaway Omaha#8223,604
Food & Drug StoresWalgreens Boots Alliance Deerfield#37117,351
Food, Beverages & TobaccoNestlé Vevey#6490,814
Health CareUnitedHealth Group Minnetonka#13184,840
Household ProductsProcter & Gamble Cincinnati#9871,726
IndustrialsGeneral Electric Boston#31126,661
MaterialsChina Minmetals Beijing#12065,547
MediaThe Walt Disney Company Burbank#16155,632
Motor Vehicles & Parts Volkswagen Wolfsburg#5266,666
RetailingWalmart Bentonville#1485,873
TechnologyApple Cupertino#9215,639
TelecommunicationsAT&T Dallas#19163,786
TransportationU.S. Postal Service Washington, D.C.#9971,498
WholesalersMcKesson San Francisco#11198,533

See also

References

  1. Maria Saporta. "Some cities rankings are overstated". Atlanta Business Chronicle. Retrieved 28 October 2012.
  2. "A New Perspective on the Corporate World". CNN Money, Fortune Magazine. Retrieved 8 July 2013.
  3. "Visualize The Global 500". Fortune.
  4. Fortune 500 companies list: 40% of Fortune 500 companies Asian, India has 7 in list - Times of India
  5. 1 2 "Fortune Global 500 List 2018: See Who Made It". Fortune. Retrieved 2018-07-19.
  6. http://fortune.com/global500/
  7. "Global 500". Fortune. Retrieved July 7, 2014.
  8. "Global 500 2017". Fortune. Number of companies data taken from the "Country" box.
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