The World’s Top Companies by Revenue in 2024

Today, Sinopec is the largest oil refiner by capacity globally, at 5.2 million barrels per day, exceeding Exxon Mobil, at 4.5 million barrels daily.

Published

2 years ago

January 1, 2025

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Visual Capitalist: Today, U.S. retail giants are the largest companies by revenue globally thanks to their international reach and the strength of the American consumer.

Looking beyond the U.S., many of the world’s leading companies by this measure are in the energy sector.

Notable heavyweights, such as Saudi Aramco and China National Petroleum, are predominantly state-owned with expansive global operations.

This graphic shows the top companies by revenue worldwide, based on data from Fortune.

Here are the world’s leading companies by annual revenues in 2024, including both public and private companies that report financial data:

Figures represent total revenues in companies’ fiscal years ending on or before March 31, 2024.

Ranking in first overall is Walmart, the largest retailer and private employer in America.

Every hour, Walmart generates nearly $74 million in revenue with an average of 255 million weekly store visits across its global customer base.

The U.S. makes up 68% of total sales, with domestic revenues rising 36% since 2019.

Amazon follows next in line, with $574.8 billion in revenues.

Over the past five years, Amazon’s revenues have more than doubled, driven by cloud computing services, Amazon Prime, and advertising revenues.

In 2025, Amazon plans to sell vehicles on its online marketplace in the U.S., further broadening its scope of products.

In third place is State Grid, China’s massive state-owned utilities firm.

Last year, the firm purchased two of Chile’s biggest electricity distributors and controls more than 50% of energy distribution across the country.

Moreover, State Grid stands as the world’s largest copper buyer, given the metal’s vital role in power grid infrastructure.

Like State Grid, state-owned Sinopec and China National Petroleum rank among the top companies by revenue driven by their significant oil production.

In 2023, Chinese oil firms imported a record volume of discounted Russian crude oil, making it the country’s top supplier last year.

Today, Sinopec is the largest oil refiner by capacity globally, at 5.2 million barrels per day, exceeding Exxon Mobil, at 4.5 million barrels daily.

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Naira Exchange Rates Friday, 3 July 2026

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July 3, 2026

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SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

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CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

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Issue: Cloning Nigerian Investment Promotion Commission (NIPC)

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2 days ago

July 2, 2026

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The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.

The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.

The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.

The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.

The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.

Current status

The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.

As the case is pending before the court, the allegations remain subject to judicial determination.