US Tops China on Fortune 500 List for First Time Since 2018

A Walmart sign is displayed over the entrance to a store, June 25, 2019, in Pittsburgh. Walmart said on April 30, 2024, that it is launching its biggest store-label food brand in 20 years in terms of its breadth of items, as it seeks to appeal to younger customers who are not brand loyal and want chef-inspired foods that are more affordably priced. AP Photo/Gene J. Puskar, File

A total of 139 U.S. companies made the 2024 Fortune Global 500 list, topping China’s 133 companies, in a first since 2018.

U.S.-based retailers Walmart and Amazon topped the list, with China’s State Grid electric utility third, followed by the Saudi oil company Saudi Aramco, then Chinese oil firms Sinopec Group and China National Petroleum. American companies rounded out the top 10 with Apple in seventh, followed by UnitedHealth Group, Berkshire Hathaway, and CVS Health.