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NEW YORK, Aug. 27, 2020 /PRNewswire=KYODO JBN/ --

- 2020 Ranking Features 133 Chinese Companies, 121 U.S. Companies, and 53

Japanese Companies

- Walmart Maintains Top Spot; 18 companies make their debut

This month, FORTUNE announced the FORTUNE Global 500 for the 2019 fiscal year,

ranking the world's largest corporations by revenue. Walmart claimed the top

spot for the seventh consecutive year, and for the 15th time since 1995. 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 women

CEOs of FORTUNE Global 500 companies.

Photo - https://mma.prnewswire.com/media/1244317/FORTUNE_Media_Global_500.jpg    

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.

THE FORTUNE GLOBAL 500 TOP 10 LIST:

1. Wal-Mart Stores (U.S.)

2. Sinopec (China)

3. State Grid (China)

4. China National Petroleum (China)

5. Royal Dutch Shell (Netherlands)

6. Saudi Aramco (Saudi Arabia)

7. Volkswagen (Germany)

8. BP (Britain)

9. Amazon.com (U.S.)

10. Toyota Motor (Japan)

View the complete ranking here.  

(https://c212.net/c/link/?t=0&l=en&o=2900556-1&h=3805912632&u=https%3A%2F%2Ffortune.com%2Fglobal500%2F2020&a=View+the+complete+ranking+here. )

Explore a data visualization of the history of the Global 500.

(https://c212.net/c/link/?t=0&l=en&o=2900556-1&h=413452573&u=https%3A%2F%2Fqlik.fortune.com%2Fglobal500%2F&a=Explore+a+data+visualization+of+the+history+of+the+Global+500. )

In his foreword to the Aug./Sept. 2020 issue of FORTUNE, Editor-in-Chief

Clifton Leaf writes: (https://c212.net/c/link/?t=0&l=en&o=2900556-1&h=281835153&u=https%3A%2F%2Ffortune.com%2F2020%2F08%2F10%2Fglobal-500-companies-china-business-cross-border-trade%2F&a=In+his+foreword+to+the+Aug.%2FSept.+2020+issue+of+FORTUNE%2C+Editor-in-Chief+Clifton+Leaf+writes%3A ) "There were precisely zero Global 500 companies

based in mainland China in 1990 when we began our survey. Today there are more

giant for-profit enterprises there than anywhere else on earth. […] It should go without

saying (but, unfortunately, too often goes unsaid) that cross-border trade is

precisely what made America the first economic superpower -- long before it

made China one. American companies exported $2.5 trillion worth of goods and

services in 2019, up from $487 billion three decades earlier -- a greater than

fivefold increase in nominal dollars. Even adjusting for inflation, the growth

rate is 152%. (For those who believe imports have increased at a substantially

faster rate over the past three decades, prepare to be shocked: In

inflation-adjusted terms, imports have grown 160%, barely more than exports.)"

On the U.S.-China economic rivalry, Geoff Colvin writes:

(https://c212.net/c/link/?t=0&l=en&o=2900556-1&h=1772749375&u=https%3A%2F%2Ffortune.com%2Flongform%2Fus-china-relations-global-500-companies-trade-xi-trump-business%2F&a=On+the+U.S.-China+economic+rivalry%2C+Geoff+Colvin+writes%3A )

"The shift in the Global 500 is significant because this rivalry is founded

on economic might. Analysts can quibble over which country's economy is

biggest. The U.S. remains well ahead when the comparison is based on currency

exchange rates, with 2019 U.S. GDP of $21.4 trillion vs. China's $14.3

trillion. But based on purchasing power parity, a measure that adjusts for the

countries' differing price levels, China is slightly ahead of the U.S. -- $21.4

trillion vs. $20.5 trillion as of 2018, the most recent year for which the

World Bank has data. The gap is probably wider now and continuing to widen."

View the complete ranking here.  

(https://c212.net/c/link/?t=0&l=en&o=2900556-1&h=3805912632&u=https%3A%2F%2Ffortune.com%2Fglobal500%2F2020&a=View+the+complete+ranking+here. )

Companies are ranked by total revenues for their respective fiscal years ended

on or before March 31, 2020.  All companies on the list must publish financial

data and report part or all of their figures to a government agency. Figures

are as reported, and comparisons are with the prior year's figures as

originally reported for that year.

Media Contact: Alison Klooster

+1-646-437-6613

Alison.klooster@fortune.com  

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SOURCE  FORTUNE Media