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Fortune

Alyson Shontell

Fortune’s Global 500 is proof that even the biggest companies can be dethroned

Fortune Google Alphabet Saudi Aramco Walmart Sundar Pichai Aramco Microsoft

(Credit: Illustration by Chris DeLorenzo)

This issue features the 34th edition of the Fortune Global 500. And if there’s one big theme to our list this year, it’s this: Even the world’s largest companies can be upended and dethroned.

Walmart, which generated $611 billion in sales in 2022, has been sitting pretty as the biggest company on the planet by revenue for 10 years straight. But it needs to watch its back.

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