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The world’s 500 largest companies

10-8-2024 < Attack the System 26 224 words
 
This week, we published the 35th edition of the Fortune Global 500, our annual list of the world’s largest companies whose total revenue represents more than a third of global GDP.
Five sectors—financials, energy, motor vehicles and parts, technology, and health care—account for 60% of the companies on the Global 500 and contributed 65% of the total revenue.

Despite revenue being essentially flat (growing only 0.1% year over year), the Global 500 companies had their second-most profitable year ever, minting $2.97 trillion in profits—Saudi Aramco (No. 4) being the most profitable with No. 7 Apple coming in second.


This year’s list also saw the U.S. overtake Greater China for the region with the highest concentration of Global 500 companies—Greater China has held that title since 2018. U.S.-based Global 500 companies accounted for a third of all revenue on the list and generated 6% more revenue than the year prior. Find the full list here.


Also, this week, Fortune writer Lila MacLellan has a piece on Tyson Foods CFO John Randal Tyson, the youngest CFO in the Fortune 500 and who was thought to be the meatpacker’s next CEO. But his drunken and erratic behavior has landed him in police custody twice in less than two years and may have also cost him the top job. Read her story here.


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