Walmart is the largest company in the world by revenue.
Walmart is the world’s largest company by revenue for the ninth year in a row.
Saudi Aramco, the world’s sixth largest company by revenue, is now the world’s most profitable company with $105 billion in profits.
E-commerce giant Amazon landed in second place on the list, with China’s state-owned electricity company State Grid claiming third place.
Technology company Apple ranks 7th and pharmacy chain CVS Health ranks 10th.
CVS Health was the only corporation in the TOP-10 that has a woman as its leader – Karen Lynch.
In 2021, businesses of all sizes faced a drop in revenue due to financial problems caused by the coronavirus pandemic.
This year they face new challenges, including inflation, possible recession fears and Russian aggression against Ukraine.
China, including Hong Kong, had 136 companies on list of largest companies – the most of any country.
The United States ranked second, with 124, while Japan was third with 47.
And for the first time in the ranking’s history, the total revenue of listed companies based in Chinese-speaking countries surpassed that of American companies on the list.
The total combined revenue of companies increase 19 percent over the past year to $37.8 trillion – the equivalent of more than a third of global GDP.
Cumulative earnings increase 88 percent over last year, reaching a record $3.1 trillion.