Good morning.
The Fortune Global 500 list—the definitive ranking of the world’s largest companies by revenue—is out this morning, providing a fascinating snapshot of the global business world. Some takeaways:
—Walmart once again topped the list, for the 10th year in a row, but Saudi Aramco was a surprisingly close No. 2 and also the most profitable company ever on the list, earning $159 billion last year. Energy profits also propelled Exxon Mobil (No. 7) and Shell (No. 9) back into the top 10.
