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Fortune Global 500

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Fortune Global 500
NameFortune Global 500
TypeList
PublisherFortune (magazine)
LanguageEnglish
FrequencyAnnual
GenreBusiness

Fortune Global 500 is an annual list compiled and published by Fortune (magazine) that ranks the world's largest corporations by total revenue. The list is widely regarded as a benchmark for corporate success and is closely watched by Wall Street, Bloomberg L.P., and CNBC. The rankings are based on data from ExxonMobil, Apple Inc., Walmart, Amazon (company), and other multinational corporations. The list has been published annually since 1995, with General Motors and Ford Motor Company being among the first companies to be ranked.

Introduction

The Fortune Global 500 list is a comprehensive ranking of the world's largest companies, including Royal Dutch Shell, Toyota Motor Corporation, and Volkswagen Group. The list is based on a company's revenue for the fiscal year, and it includes companies from a wide range of industries, such as Microsoft, Alphabet Inc., and Facebook, Inc.. The rankings are widely followed by investors, Goldman Sachs, Morgan Stanley, and other financial institutions. Companies like Coca-Cola, McDonald's, and Procter & Gamble have consistently ranked high on the list, while others, such as Tesla, Inc. and Netflix, have risen through the ranks in recent years.

Methodology

The methodology used to compile the Fortune Global 500 list involves ranking companies by their total revenue for the fiscal year. The data is collected from a variety of sources, including Securities and Exchange Commission filings, International Monetary Fund reports, and company annual reports. The list includes companies from over 30 countries, including China, Japan, Germany, and United Kingdom. Companies like Berkshire Hathaway, UnitedHealth Group, and McKesson Corporation are ranked based on their revenue, which is calculated by Deloitte, PricewaterhouseCoopers, and Ernst & Young. The rankings are also influenced by companies like JPMorgan Chase, Bank of America, and Citigroup.

History

The first Fortune Global 500 list was published in 1995, with General Electric and IBM being among the top-ranked companies. Over the years, the list has undergone significant changes, with companies like Enron and WorldCom rising and falling from the rankings. The list has also been expanded to include companies from emerging markets, such as China National Petroleum Corporation and Reliance Industries. Companies like Samsung Electronics and Honda Motor Co., Ltd. have consistently ranked high on the list, while others, such as Nokia and BlackBerry Limited, have fallen from the rankings.

List_of_companies

The Fortune Global 500 list includes a wide range of companies, from Agricultural Bank of China and Airbus to Zurich Insurance Group and 3M. The list is dominated by companies from the United States, China, and Japan, with companies like Walmart, ExxonMobil, and Apple Inc. consistently ranking high. Other companies, such as Daimler AG, Bayer, and Sanofi, also feature prominently on the list. The rankings are influenced by companies like Visa Inc., Mastercard, and American Express.

Impact_and_criticisms

The Fortune Global 500 list has a significant impact on the business world, with companies like Google and Amazon (company) using the rankings to measure their success. However, the list has also been criticized for its methodology, with some arguing that it prioritizes revenue over other important metrics, such as Corporate social responsibility and Environmental sustainability. Companies like Patagonia (clothing), The Body Shop, and Seventh Generation Inc. have been recognized for their commitment to sustainability, while others, such as British Petroleum and Royal Dutch Shell, have faced criticism for their environmental impact. The list has also been influenced by companies like Oxfam, Greenpeace, and World Wildlife Fund.

The Fortune Global 500 rankings are closely watched by investors and business leaders, with companies like Warren Buffett's Berkshire Hathaway and Carl Icahn's Icahn Enterprises using the list to inform their investment decisions. The rankings are also influenced by trends in the global economy, such as the rise of E-commerce and the growth of Emerging markets. Companies like Alibaba Group, Tencent Holdings, and Baidu have risen to prominence in recent years, while others, such as Kodak and Blockbuster LLC, have fallen from the rankings. The list has also been shaped by companies like Dell, HP Inc., and Intel Corporation.

Category:Business rankings