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Fortune Global 500 List, 2024: Top 10 Car Brands, Toyota Tops in Profits

For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed Greater China (133 companies)
Toyota Hydrozen Car Mirai
Image source: Toyota
Dew Briefs:
  • The world’s 500 largest companies posted record-breaking aggregate revenues of $41 trillion in 2023.
  • Walmart remains No.1 for the 11th consecutive year, which Y-O-Y revenue increase was 0.1%, indicating near-flat growth.
  • Amazon on new high, which up from No.4 last year to No.2 at current Position.
  • Saudi Aramco fell to No.4 but remained the most profitable company with $121 billion in profits for the third year in a row.
  • For the first time since 2018, the U.S. presence (139 companies) on the Fortune Global 500 surpassed Greater China (133 companies).
  • U.S. companies generated $13.8 trillion in aggregate revenues, a 6% increase from last year.
The top 10 Motor Vehicles & Parts companies ranked by profits on the recent Fortune Global 500 list – 2024:
Rank by ProfitsRank by 500Motor Vehicles & Parts companiesProfits ($M)
115Toyota Motor$34,214.40
228Stellantis$20,103.40
311Volkswagen$17,944.50
442Mercedes-Benz Group$15,417.00
5110Tesla$14,997.00
641BMW Group$12,205.20
739General Motors$10,127.00
873Hyundai Motor$9,158.60
957Honda Motor$7,660.60
10162Kia$6,720.20
Source: Fortune/ These above companies lead in profitability within the automotive sector, reflecting their strong market positions and financial performance​

The world’s 500 largest companies achieved a combined revenue of $41 trillion in 2023, as ranked by Fortune.

RankNameRevenues ($M)
1Walmart$648,125
2Amazon$574,785
3State Grid$545,947.50
4Saudi Aramco$494,890.10
5Sinopec Group$429,699.70
6China National Petroleum$421,713.60
7Apple$383,285
8UnitedHealth Group$371,622
9Berkshire Hathaway$364,482
10CVS Health$357,776
11Volkswagen$348,408.10
12Exxon Mobil$344,582
13Shell$323,183
14China State Construction Engineering$320,430.50
15Toyota Motor$312,018.20
16McKesson$308,951
17Alphabet$307,394
18Cencora$262,173.40
19Trafigura Group$244,280.20
20Costco Wholesale$242,290
21JPMorgan Chase$239,425
22Industrial & Commercial Bank of China$222,484.20
23TotalEnergies$218,945
24Glencore$217,829
25BP$213,032
26Microsoft$211,915
27Cardinal Health$205,012
28Stellantis$204,908.30
29Chevron$200,949
30China Construction Bank$199,826.10
31Samsung Electronics$198,256.70
32Hon Hai Precision Industry$197,876
33Cigna$195,265
34Agricultural Bank of China$192,398.30
35China Railway Engineering Group$178,562.90
36Ford Motor$176,191
37Bank of China$172,327.60
38Bank of America$171,912
39General Motors$171,842
40Elevance Health$171,340
41BMW Group$168,102.60
42Mercedes-Benz Group$165,637.80
43China Railway Construction$160,847.40
44China Baowu Steel Group$157,216.30
45Citigroup$156,820
46Centene$153,999
47JD.com$153,217.40
48Home Depot$152,669
49Electricite de France$151,040.20
50Marathon Petroleum$150,307
51Kroger$150,039
52Phillips 66$149,890
53Ping An Insurance$145,759.10
54Sinochem Holdings$143,240
55China Mobile Communications$142,832.40
56China National Offshore Oil$141,731.80
57Honda Motor$141,348.50
58Fannie Mae$141,240
59China Life Insurance$139,615.90
60Walgreens Boots Alliance$139,081
61Valero Energy$139,001
62Banco Santander$137,244.80
63China Communications Construction$136,670.70
64BNP Paribas$136,076.20
65Mitsubishi$135,389.80
66Meta Platforms$134,902
67HSBC Holdings$134,901
68Verizon Communications$133,974
69China Minmetals$132,019.70
70Alibaba Group Holding$131,337.90
71CITIC Group$131,242.30
72China Resources$126,169.50
73Hyundai Motor$124,576.70
74AT&T$122,428
75Shandong Energy Group$122,383.20
76Comcast$121,572
77Deutsche Telekom$121,046.20
78China Southern Power Grid$118,813.50
79Uniper$116,662.50
80Wells Fargo$115,340
81Hengli Group$114,664.50
82Allianz$113,517.70
83China Post Group$112,778.50
84China Energy Investment$112,048.70
85Xiamen C&D$110,665.60
86Reliance Industries$108,877.90
87Goldman Sachs Group$108,418
88Freddie Mac$108,050
89Rosneft Oil$107,543.10
90Target$107,412
91Equinor$107,174
92Humana$106,374
93SAIC Motor$105,195.70
94State Farm Insurance$104,198.60
95Life Insurance Corp. of India$103,547.60
96Nestle$103,505.20
97Enel$103,311.40
98ENI$102,501.70
99Petrobras$102,409
100SK$101,968.80
101E.ON$101,280.10
102Gazprom$100,252.50
103Huawei Investment & Holding$99,470.30
104Societe Generale$99,163.40
105Bosch Group$99,020.70
106COFCO$97,765.10
107Itochu$97,074.10
108PowerChina$97,034.90
109Pemex$96,978.80
110Tesla$96,773
111Morgan Stanley$96,194
112Sinopharm$96,072.20
113Brookfield$95,924
114Royal Ahold Delhaize$95,834.80
115Johnson & Johnson$95,195
116Indian Oil$94,273
117Archer Daniels Midland$93,935
118Credit Agricole$93,358.10
119Christian Dior$93,136.50
120Nippon Telegraph and Telephone$92,539.70
121Mitsui$92,196.40
122Carrefour$91,790.60
123PepsiCo$91,471
124United Parcel Service$90,958
125PTT$90,418.70
126AXA$90,405.80
127FedEx$90,155
128Sony$90,091.80
129China FAW Group$89,485
130Engie$89,257.70
131Walt Disney$88,898
132Orlen$88,717.60
133Dell Technologies$88,425
134DHL Group$88,385.30
135China Telecommunications$87,961.50
136Nissan Motor$87,773.50
137Royal Bank of Canada$87,498.70
138Zhejiang Rongsheng Holding Group$86,535.60
139Lowe’s$86,377
140Tesco$86,231.30
141Tencent Holdings$86,028.30
142Xiamen ITG Holding Group$85,818.80
143BYD$85,082
144Nippon Life Insurance$83,090
145Siemens$82,931.90
146Japan Post Holdings$82,905.50
147Aviation Industry Corp. of China$82,654.10
148Mitsubishi UFJ Financial Group$82,270.30
149Procter & Gamble$82,006
150Wuchan Zhongda Group$81,952.40
151Seven & I Holdings$80,124.60
152Albertsons$79,237.70
153ENEOS Holdings$79,020.50
154Bank of Communications$78,757.10
155Energy Transfer$78,586
156U.S. Postal Service$78,383
157Jiangxi Copper$78,243.20
158People’s Insurance Co. of China$78,181.70
159Boeing$77,794
160China North Industries Group$76,506.90
161Pacific Construction Group$76,433
162Kia$76,419.40
163Sysco$76,324.70
164Dai-ichi Life Holdings$76,304.80
165Pertamina$75,787.80
166Vinci$75,550.90
167Petronas$75,409.60
168Toronto-Dominion Bank$75,063.30
169Lukoil$75,012.80
170Shaanxi Coal & Chemical Industry$74,776.70
171Shenghong Holding Group$74,700.80
172BASF$74,487.20
173China Poly Group$73,998.50
174Groupe BPCE$73,774.70
175Shandong Weiqiao Pioneering Group$73,484.50
176JBS$72,863.20
177Alimentation Couche-Tard$71,856.70
178State Bank of India$71,844
179China Merchants Bank$71,514.60
180Oil & Natural Gas$71,466.10
181Guangzhou Automobile Industry Group$71,386.10
182UBS Group$71,245
183Airbus$70,751
184Toyota Tsusho$70,498.40
185Zhejiang Geely Holding Group$70,356.80
186Taiwan Semiconductor Manufacturing$69,415.80
187XMXYG$69,286.90
188RTX$68,920
189Itau Unibanco Holding$68,455
190ArcelorMittal$68,275
191General Electric$67,954
192Beijing Automotive Group$67,852.20
193Lockheed Martin$67,571
194Koc Holding$67,482.70
195American Express$67,364
196Hitachi$67,313.80
197Roche Group$67,269.80
198Wilmar International$67,155.30
199Caterpillar$67,060
200Banco Bilbao Vizcaya Argentaria$66,978.10
201Korea Electric Power$66,977.20
202MetLife$66,905
203AEON$66,727
204Lloyds Banking Group$66,697.60
205Deutsche Bank$65,978.10
206China Vanke$65,789.50
207HCA Healthcare$64,968
208Sumitomo Mitsui Financial Group$64,718.30
209LG Electronics$64,490.50
210Unilever$64,435.50
211Accenture$64,111.80
212Barclays$63,800.60
213Jinneng Holding Group$63,639.80
214Aluminum Corp. of China$63,595.40
215Munich Re Group$63,353.30
216Sberbank$63,329.90
217Banco do Brasil$63,322.20
218Progressive$62,108.50
219IBM$61,860
220Nippon Steel Corporation$61,359.10
221Deere$61,251
222Nvidia$60,922
223StoneX Group$60,856.10
224Zurich Insurance Group$60,645
225Bouygues$60,599.90
226Mizuho Financial Group$60,503.60
227Daimler Truck Holding$60,420.40
228ING Group$60,401
229Merck$60,115
230Bunge$59,540
231Anheuser-Busch InBev$59,380
232Industrial Bank$59,152.30
233POSCO Holdings$58,999.20
234Panasonic Holdings$58,787.40
235ConocoPhillips$58,574
236Pfizer$58,496
237Delta Air Lines$58,048
238China Huaneng Group$57,890.80
239China Energy Engineering Group$57,708.10
240Dongfeng Motor$57,595.90
241TD Synnex$57,555.40
242Publix Super Markets$57,534
243Zhejiang Hengyi Group$57,468
244Allstate$57,094
245Assicurazioni Generali$57,022.60
246Cisco Systems$56,998
247Repsol$56,980.50
248Lenovo Group$56,863.80
249HBIS Group$56,728.30
250Contemporary Amperex Technology$56,632.80
251Renault$56,621.60
252Banco Bradesco$56,490.50
253China Electronics Technology Group$56,083.80
254Nationwide$54,609.40
255Charter Communications$54,607
256State Power Investment$54,484.60
257Edeka Zentrale$54,454.60
258Bharat Petroleum$54,413.10
259AbbVie$54,318
260New York Life Insurance$54,317.20
261Intel$54,228
262TJX$54,217
263Novartis$54,088
264Rio Tinto Group$54,041
265Tsingshan Holding Group$53,980
266Prudential Financial$53,979
267COSCO Shipping$53,929.60
268BHP Group$53,817
269HP$53,718
270United Airlines Holdings$53,717
271Tata Motors$53,634.90
272Performance Food Group$53,354.70
273Iberdrola$53,334.10
274Deutsche Bahn$53,197.90
275Idemitsu Kosan$53,042.60
276Tyson Foods$52,881
277Midea Group$52,789.60
278American Airlines Group$52,788
279China United Network Communications$52,632.30
280Liberty Mutual Insurance Group$52,612
281Bank of Nova Scotia$52,535.80
282Volvo$52,101.50
283Intesa Sanpaolo$52,004.40
284Saint-Gobain$51,830.30
285Shaanxi Yanchang Petroleum (Group)$51,525.90
286Bayer$51,498.40
287Tokio Marine Holdings$51,371.90
288Nike$51,217
289Maersk Group$51,065
290Phoenix Pharma$50,934.90
291Greenland Holding Group$50,897
292Shanghai Pudong Development Bank$50,864.50
293Louis Dreyfus$50,624
294Bank of Montreal$50,495
295ZF Friedrichshafen$50,406.60
296KB Financial Group$50,228.40
297Sanofi$50,208.70
298Marubeni$50,166.90
299Oracle$49,954
300Jinchuan Group$49,900.70
301Swiss Re$49,800
302Chubb$49,735
303Enterprise Products Partners$49,715
304Capital One Financial$49,484
305Denso$49,435
306HDFC Bank$49,299.10
307China National Building Material Group$49,088.80
308Veolia Environnement$49,027.10
309China State Shipbuilding$48,890.10
310Vodafone Group$48,871.90
311Plains GP Holdings$48,712
312Landesbank Baden-Wurttemberg$48,566.60
313EXOR Group$48,368.80
314Jingye Group$48,120
315UniCredit Group$48,044.40
316Energie Baden-Wurttemberg$48,032.20
317Tokyo Electric Power$47,868.90
318Sumitomo$47,812.90
319World Kinect$47,710.60
320Orange$47,698.50
321HD Hyundai$46,959
322Ingka Group$46,938
323ANZ Group Holdings$46,827.70
324AIG$46,802
325SoftBank Group$46,748.80
326Sinomach$46,482.20
327Talanx$46,155.80
328America Movil$46,010.90
329AstraZeneca$45,811
330Zhejiang Communications Investment Group$45,772
331China Pacific Insurance (Group)$45,759.90
332Coca-Cola$45,754
333TIAA$45,734.80
334Caixa Economica Federal$45,706.80
335CHS$45,590
336China Huadian$45,534.10
337Credit Mutuel Group$45,489.90
338MS&AD Insurance Group Holdings$45,478.40
339Hyundai Mobis$45,368.70
340Susun Construction Group$45,265.40
341SNCF Group$45,145
342Bristol-Myers Squibb$45,006
343China South Industries Group$44,790.20
344Continental$44,778
345Raizen$44,694.10
346Dow$44,622
347George Weston$44,559.60
348L’Oreal$44,520.70
349Fomento Economico Mexicano$44,167.90
350Telefonica$43,947.20
351China Minsheng Banking$43,553.60
352Best Buy$43,452
353Woolworths Group$43,256.80
354Shanghai Construction Group$43,031.10
355LG Chem$42,921.60
356Thermo Fisher Scientific$42,857
357Magna International$42,797
358OMV Group$42,661.80
359Massachusetts Mutual Life Insurance$42,641.40
360USAA$42,493.40
361Guangzhou Municipal Construction Group$42,403.20
362General Dynamics$42,272
363Vale$41,784
364Zijin Mining Group$41,445.60
365Travelers$41,364
366Warner Bros. Discovery$41,321
367Canadian Imperial Bank of Commerce$41,169.80
368LyondellBasell Industries$41,107
369J. Sainsbury$41,088.40
370Shenzhen Investment Holdings$41,025.20
371Ansteel Group$40,684.60
372Hanwha$40,683.20
373U.S. Bancorp$40,624
374Lufthansa Group$40,455.40
375Pegatron$40,356.80
376Abbott Laboratories$40,109
377ThyssenKrupp$40,027.90
378New Hope Holding Group$39,988
379KDDI$39,812.70
380China National Nuclear$39,632.90
381Taikang Insurance Group$39,411.60
382Northrop Grumman$39,290
383Jiangsu Shagang Group$39,241.30
384Meituan$39,092.50
385Chery Holding Group$39,091.70
386Inditex$38,903
387Schneider Electric$38,812.20
388Northwestern Mutual$38,788.10
389Dollar General$38,691.60
390Cenovus Energy$38,689.80
391ACS$38,634.60
392Coop Group$38,582.70
393Fairfax Financial Holdings$38,417.20
394Guangzhou Industrial Investment Holdings$38,345.20
395PBF Energy$38,324.80
396Standard Chartered$38,292
397Xiaomi$38,276.80
398Compass Group$38,004.70
399Meiji Yasuda Life Insurance$37,897.40
400GSK$37,691.80
401Suncor Energy$37,609.30
402Hangzhou Industrial Investment Group$37,398
403Uber Technologies$37,281
404DZ Bank$37,220.90
405GS Caltex$37,216.90
406Suzuki Motor$37,184.90
407Haier Smart Home$36,928.80
408X5 Retail Group$36,921.90
409La Poste$36,834.90
410Hangzhou Iron and Steel Group$36,772.30
411Shanghai Pharmaceuticals Holding$36,768.80
412Shandong Hi-Speed Group$36,743.80
413Honeywell International$36,662
414Guangdong Guangxin Holdings$36,608.90
415S.F. Holding$36,502.40
416Mitsubishi Electric$36,379.90
417Guangzhou Pharmaceutical Holdings$36,309.80
418China Datang$36,266.40
419Mapfre Group$36,097.70
420CFE$36,077.60
421Jardine Matheson$36,049
422Mondelez International$36,016
423Daiwa House Industry$35,999.40
424Starbucks$35,975.60
425Olam Group$35,952.80
426Qualcomm$35,820
427Broadcom$35,819
428JFE Holdings$35,803.70
429Hailiang Group$35,701.80
430US Foods Holding$35,597
431ELO Group$35,569
432Migros Group$35,563.10
433Mercadona$35,525.40
434D.R. Horton$35,460.40
435China Electronics$35,390.90
436Shudao Investment Group$35,379.30
437China National Coal Group$35,364
438TongLing Nonferrous Metals Group$35,244.50
439CK Hutchison Holdings$35,199.80
440Philip Morris International$35,174
441Paccar$35,127.40
442PDD Holdings$34,981.10
443CRH$34,949
444Quanta Computer$34,860.20
445Salesforce$34,857
446AIA Group$34,851
447Nucor$34,713.50
448Jabil$34,702
449National Australia Bank$34,549.90
450SAP$34,542
451CRRC Group$34,519.70
452Shanghai Delong Steel Group$34,399.50
453Lennar$34,233.40
454Sompo Holdings$34,136.30
455Eli Lilly$34,124.10
456Korea Gas$34,114.80
457Molina Healthcare$34,072
458Beijing Jianlong Heavy Industry Group$34,069.60
459Cummins$34,065
460Shaanxi Construction Engineering Holding$34,060.90
461Rabobank Group$34,042.60
462Aisin$33,969.60
463Rajesh Exports$33,944.10
464British American Tobacco$33,907.40
465CPC$33,903.70
466Bank of New York Mellon$33,805
467Tongwei Group$33,731.30
468Netflix$33,723.30
469Novo Nordisk$33,703.80
470Shougang Group$33,621.30
471Shanxi Coking Coal Group$33,533.20
472Guangxi Investment Group$33,428.10
473VTB Bank$33,420.20
474Mazda Motor$33,403
475Hunan Iron & Steel Group$33,344.80
476Power Corp. of Canada$33,264.80
477Truist Financial$33,246
478Siemens Energy$33,184.90
479Schlumberger$33,135
480Ecopetrol$33,126.50
481Arrow Electronics$33,107.10
482Jeronimo Martins$33,089.10
483China National Aviation Fuel Group$32,984.20
484Commonwealth Bank of Australia$32,980.50
485Centrica$32,882.10
486Linde$32,854
487Heineken$32,823.10
488Luxshare Precision Industry$32,758.50
4893M$32,681
490Visa$32,653
491Apollo Global Management$32,644
492Emirates Group$32,637.90
493Vibra Energia$32,634.10
494Metro$32,579.20
495Subaru$32,540.10
496Air France-KLM Group$32,452.30
497Enbridge$32,349.50
498ABB$32,235
499Mitsubishi Heavy Industries$32,223.20
500Samsung C&T$32,077.90
Source: Fortune

Diver Insights:

Walmart, the retail giant, has claimed the top spot on the Fortune Global 500 list for the 11th consecutive year, thanks to its impressive revenue of $648.1 billion and global dominance in the retail industry. Meanwhile, Samsung C&T is at the last position, ranked 500th, with a profit of $1.7 billion.

Fortune Magazine publishes a list of Fortune 500 Global companies every year. The Fortune 500 includes only U.S. Companies, while the Fortune 500 Global represent ranks the largest companies worldwide.

Binder
Binder

Binder is an experienced writer around the EV industry. Aiming to bridge the EV knowledge gap.