The Fortune Global 500 ranking has been released. On August 2nd, the Fortune Global 500 ranking was released. The list shows that the total revenue of enterprises is about 41 trillion US dollars, an increase of 8.4% from the previous year. Using sales revenue as the indicator for inclusion, the threshold has increased from 28.6 billion US dollars to 30.9 billion US dollars. However, due to the global economic downturn, the total net profit of all listed companies this year decreased by 6.5% year-on-year, to approximately $2.9 trillion.
This year, with the addition of enterprises from Taiwan, China has a total of 142 companies on the list, and the number of large companies continues to rank first among all countries. Seven Chinese companies, including CATL and Meituan, have newly made the list.
Wal Mart has been ranked in the top ten of the list, and Wal Mart has become the world's largest company for the tenth consecutive year. Saudi Aramco rose to second place for the first time. China's State Grid Corporation of China continues to rank third. The fourth and fifth ranked companies are Amazon and PetroChina, respectively. The sixth to tenth places are Sinopec, ExxonMobil, Apple, Shell, and United Health Group, respectively.
Despite the overall decline in profits among the Fortune 500 companies, many have achieved significant profit growth. In terms of profitability, Saudi Aramco's profits increased by 51%, ranking first on the profit list with a profit of approximately $159 billion. Among the top five companies on the profit list, there are three technology companies: Apple ranks second on the profit list, with profits exceeding 99.8 billion US dollars; Microsoft's profit increased by 11.4 billion US dollars year-on-year, rising to third place on the profit list with a profit of 72.7 billion US dollars; Google's parent company Alphabet and USPS ranked fourth and fifth respectively on the profit list. The two Chinese companies in the top ten profit rankings are Industrial and Commercial Bank of China and China Construction Bank, with Industrial and Commercial Bank of China's profits exceeding 53.5 billion US dollars.
On the profit margin list, the United States Postal Service ranks first with a net profit margin of up to 71%. Benefiting from the sustained high operating sea freight prices, German shipping company Herbert, which made its debut on the list, ranked second in profit margin with a high profit margin of 49.3%. TSMC ranks third with a profit margin of 43.9%. It is worth noting that among the top ten companies in China with profit margins, except for TSMC and Tencent, all are commercial banks.In addition, it is worth noting that a total of 32 companies failed to achieve profitability this year, with Berkshire Hathaway ranked first on the loss list, with losses exceeding $22.8 billion. The other three companies with losses exceeding $10 billion are Uniper, Korea Electric Power Company, and France Electric Power Company. The continuous rise in energy costs has caused many energy and utility companies on the list to experience a decline in profits or even losses.
