The largest public, state-owned, and private businesses by its consolidated revenue. The list is limited to 50 companies with annual revenues exceeding $100 billion US. The most common industry is oil and gas, with nearly one third being classified as such.

The availability and reliability of up-to-date information on prior state-owned companies is limited and varies from country to country; thus, this list may be incomplete. This list is shown in U.S. dollars, but many of the companies on it prepare their accounts in other currencies. The dollar value of their revenue may change substantially in a short period of time due to exchange rate fluctuations.

     State-owned enterprise

Ranking	Name	Industry	Revenue (USD billions)	Revenue growth	Employees	Country	Headquarters	CEO	Ref(s)
1	Walmart	Retail	$485	0.1%	2,300,000		Bentonville, Arkansas	Doug McMillon	[1]
2	State Grid	Electric utility	$330	2.9%	927,839		Beijing	Shu Yinbiao	[2]
3	Samsung	Conglomerate	$305	9.4%	319,000		Suwon	Oh-Hyun Kwon	[3]
4	China National Petroleum	Oil and gas	$299	30.2%	1,589,508		Beijing	Wang Yilin	[4]
5	Sinopec Group	$294	34.1%	810,538		Beijing	Wang Yupu	[5]
6	Royal Dutch Shell	$272	36.9%	90,000		The Hague, London	Ben van Beurden	[6]
7	Exxon Mobil	$246	35.6%	75,600		Irving, Texas	Darren Woods	[7]
8	Volkswagen	Automotive	$237	11.9%	610,076		Wolfsburg	Matthias Müller	[8]
9	Toyota	$237	4.5%	348,877		Toyota, Aichi	Akio Toyoda	[9]
10	Apple	Consumer electronics	$234	27.9%	110,000		Cupertino, California	Tim Cook	[10]
11	BP	Oil and gas	$223	37%	79,800		London	Bob Dudley	[11]
12	Berkshire Hathaway	Conglomerate	$211	8.3%	331,000		Omaha, Nebraska	Warren Buffett	[12]
13	McKesson	Pharmaceuticals	$192	6.2%	68,000		San Francisco	John Hammergren	[13]
14	Glencore	Commodities	$170	22.9%	102,388		Baar	Ivan Glasenberg	[14]
15	Industrial & Commercial Bank of China	Financial services	$167	2.5%	466,346		Beijing	Yi Huiman	[15]
16	Daimler	Automotive	$166	3.8%	284,015		Stuttgart	Dieter Zetsche	[16]
17	United Health	Health care	$157	20.4%	200,000		Minnetonka, Minnesota	Stephen Hemsley	[17]
18	CVS Health	Retail	$153	10%	199,000		Woonsocket, Rhode Island	Larry Merlo	[18]
19	Exor	Financial services	$153	5.9%	303,247		Turin	John Elkann	[19]
20	General Motors	Automotive	$152	2.3%	215,000		Detroit	Mary Barra	[20]
21	Ford Motor	$150	3.8%	199,000		Dearborn, Michigan	Mark Fields	[21]
22	China Construction Bank	Financial services	$148	3.7%	369,183		Beijing	Wang Zuji	[22]
23	AT&T	Telecommunications	$147	10.8%	281,450		Dallas, Texas	Randall L. Stephenson	[23]
24	Total	Oil and gas	$143	32.4%	96,019		Courbevoie	Patrick Pouyanné	[24]
25	Foxconn	Electronics	$141	1.6%	1,060,000		Taiwan	Terry Gou	[25]
26	General Electric	Conglomerate	$140	5.3%	333,000		Boston, Massachusetts	Jeffrey Immelt	[26]
27	China Construction Engineering	Construction	$140	7.9%	241,474		Beijing	Guan Qing	[27]
28	AmerisourceBergen	Pharmaceuticals	$136	13.7%	17,000		Chesterbrook, Pennsylvania	Steven H. Collis	[28]
29	Agricultural Bank of China	Financial services	$136	2.6%	508,726		Beijing	Zhao Huan	[29]
30	Verizon	Telecommunications	$132	3.6%	177,700		New York City	Lowell McAdam	[30]
31	Chevron	Oil and gas	$131	35.7%	61,500		San Ramon, California	John Watson	[31]
32	E·ON	Electric utility	$129	14.6%	56,490		Essen	Johannes Teyssen	[32]
33	AXA	Financial services	$129	19.8%	98,279		Paris	Thomas Buberl	[33]
34	Allianz	$123	10.2%	142,459		Munich	Oliver Bäte	[34]
35	Bank of China	$122	1.1%	310,042		Beijing	Chen Siqing	[35]
36	Honda	Automotive	$122	0.3%	208,399		Tokyo	Takahiro Hachigo	[36]
37	Japan Post	Conglomerate	$119	8.4%	250,876		Tokyo	Masatsugu Nagato	[37]
38	Costco	Retail	$118	3.2%	161,000		Issaquah, Washington	W. Craig Jelinek	[38]
39	BNP Paribas	Financial services	$112	10.3%	181,551		Paris	Jean-Laurent Bonnafé	[39]
40	Fannie Mae	$110	5.2%	7,300		Washington, D.C.	Timothy Mayopoulos	[40]
41	Ping An Insurance	$110	28.2%	275,011		Shenzhen	Ma Mingzhe	[41]
42	Kroger	Retail	$110	1.3%	431,000		Cincinnati	Rodney McMullen	[42]
43	Société Générale	Financial services	$108	8.9%	151,149		Paris	Frédéric Oudéa	[43]
44	Amazon	Internet	$107	20.2%	230,800		Seattle	Jeff Bezos	[44]
45	China Mobile	Telecommunications	$107	0.7%	436,651		Beijing	Li Yue	[45]
46	SAIC Motor	Automotive	$107	4.3%	92,780		Shanghai	Chen Zhixin	[46]
47	Walgreens Boots Alliance	Pharmaceuticals	$103	35.4%	302,500		Deerfield, Illinois	Stefano Pessina	[47]
48	HP	Consumer electronics	$103	7.3%	287,000		Palo Alto, California	Dion Weisler	[48]
49	Assicurazioni Generali	Financials	$102	13.7%	76,191		Trieste	Philippe Donnet	[49]
50	Cardinal Health	Pharmaceuticals	$102	12.6%	34,500		Dublin, Ohio	George S. Barrett	[50]