<P> The availability and reliability of up - to - date information on prior state - owned companies is limited (for example Saudi Aramco does not publish any financial data) 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 . </P> <P> State - owned enterprise (Government owns 50% or more) </P> <Table> <Tr> <Th> Rank </Th> <Th> Name </Th> <Th> Industry </Th> <Th> Revenue (USD millions) </Th> <Th> Revenue growth </Th> <Th> Employees </Th> <Th> Country </Th> <Th> Headquarters </Th> <Th> CEO </Th> <Th> Ref </Th> </Tr> <Tr> <Th> </Th> <Td> Walmart </Td> <Td> General merchandisers </Td> <Td> $485,873 </Td> <Td> 6999800000000000000 ♠ 0.8% </Td> <Td> 2,300,000 </Td> <Td> </Td> <Td> Bentonville, Arkansas </Td> <Td> Doug McMillon </Td> <Td> </Td> </Tr> <Tr> <Th> </Th> <Td> State Grid </Td> <Td> Utilities </Td> <Td> $315,199 </Td> <Td> 2999560000000099999 ♠ 4.4% </Td> <Td> 926,067 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Shu Yinbiao </Td> <Td> </Td> </Tr> <Tr> <Th> </Th> <Td> Sinopec Group </Td> <Td> Petroleum refining </Td> <Td> $267,518 </Td> <Td> 2999090000000000000 ♠ 9.1% </Td> <Td> 713,288 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Wang Yupu </Td> <Td> </Td> </Tr> <Tr> <Th> </Th> <Td> China National Petroleum </Td> <Td> Petroleum refining </Td> <Td> $262,573 </Td> <Td> 2998877000000000000 ♠ 12.3% </Td> <Td> 1,512,048 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Wang Yilin </Td> <Td> </Td> </Tr> <Tr> <Th> 5 </Th> <Td> Toyota </Td> <Td> Motor vehicles and parts </Td> <Td> $254,694 </Td> <Td> 7000770000000000000 ♠ 7.7% </Td> <Td> 364,445 </Td> <Td> </Td> <Td> Toyota, Aichi </Td> <Td> Akio Toyoda </Td> <Td> </Td> </Tr> <Tr> <Th> 6 </Th> <Td> Volkswagen Group </Td> <Td> Automotive </Td> <Td> $240,264 </Td> <Td> 7000150000000000000 ♠ 1.5% </Td> <Td> 626,715 </Td> <Td> </Td> <Td> Wolfsburg </Td> <Td> Matthias Müller </Td> <Td> </Td> </Tr> <Tr> <Th> 7 </Th> <Td> Royal Dutch Shell </Td> <Td> Petroleum refining </Td> <Td> $240,033 </Td> <Td> 2998882000000000000 ♠ 11.8% </Td> <Td> 89,000 </Td> <Td> </Td> <Td> The Hague </Td> <Td> Ben van Beurden </Td> <Td> </Td> </Tr> <Tr> <Th> 8 </Th> <Td> Berkshire Hathaway </Td> <Td> Conglomerate </Td> <Td> $223,604 </Td> <Td> 7000610000000000000 ♠ 6.1% </Td> <Td> 367,700 </Td> <Td> </Td> <Td> Omaha, Nebraska </Td> <Td> Warren Buffett </Td> <Td> </Td> </Tr> <Tr> <Th> 9 </Th> <Td> Apple </Td> <Td> Computers, consumer electronics, and entertainment </Td> <Td> $215,639 </Td> <Td> 2999230000000099999 ♠ 7.7% </Td> <Td> 116,000 </Td> <Td> </Td> <Td> Cupertino, California </Td> <Td> Tim Cook </Td> <Td> </Td> </Tr> <Tr> <Th> 10 </Th> <Td> Exxon Mobil </Td> <Td> Petroleum refining </Td> <Td> $205,004 </Td> <Td> 2998833000000000000 ♠ 16.7% </Td> <Td> 72,700 </Td> <Td> </Td> <Td> Irving, Texas </Td> <Td> Darren Woods </Td> <Td> </Td> </Tr> <Tr> <Th> 11 </Th> <Td> McKesson </Td> <Td> Healthcare </Td> <Td> $198,533 </Td> <Td> 7000310000000000000 ♠ 3.1% </Td> <Td> 64,500 </Td> <Td> </Td> <Td> San Francisco </Td> <Td> John Hammergren </Td> <Td> </Td> </Tr> <Tr> <Th> 12 </Th> <Td> BP </Td> <Td> Petroleum refining </Td> <Td> $186,606 </Td> <Td> 2998826009999900000 ♠ 17.4% </Td> <Td> 74,500 </Td> <Td> </Td> <Td> London </Td> <Td> Bob Dudley </Td> <Td> </Td> </Tr> <Tr> <Th> 13 </Th> <Td> United Health </Td> <Td> Healthcare </Td> <Td> $184,840 </Td> <Td> 7001177000000000000 ♠ 17.7% </Td> <Td> 230,000 </Td> <Td> </Td> <Td> Minnetonka, Minnesota </Td> <Td> Stephen Hemsley </Td> <Td> </Td> </Tr> <Tr> <Th> 14 </Th> <Td> CVS Health </Td> <Td> Healthcare </Td> <Td> $177,526 </Td> <Td> 7001158000000000000 ♠ 15.8% </Td> <Td> 204,000 </Td> <Td> </Td> <Td> Woonsocket, Rhode Island </Td> <Td> Larry Merlo </Td> <Td> </Td> </Tr> <Tr> <Th> 15 </Th> <Td> Samsung Electronics </Td> <Td> Electronics and electrical equipment </Td> <Td> $173,957 </Td> <Td> 2999800000000000000 ♠ 2.0% </Td> <Td> 325,000 </Td> <Td> </Td> <Td> Suwon </Td> <Td> Oh - Hyun Kwon </Td> <Td> </Td> </Tr> <Tr> <Th> 16 </Th> <Td> Glencore </Td> <Td> Mining and crude oil production </Td> <Td> $173,883 </Td> <Td> 7000200000000000000 ♠ 2.0% </Td> <Td> 93,123 </Td> <Td> </Td> <Td> Baar </Td> <Td> Ivan Glasenberg </Td> <Td> </Td> </Tr> <Tr> <Th> 17 </Th> <Td> Daimler </Td> <Td> Automotive </Td> <Td> $169,483 </Td> <Td> 7000220000000000000 ♠ 2.2% </Td> <Td> 282,488 </Td> <Td> </Td> <Td> Stuttgart </Td> <Td> Dieter Zetsche </Td> <Td> </Td> </Tr> <Tr> <Th> 18 </Th> <Td> General Motors </Td> <Td> Automotive </Td> <Td> $166,380 </Td> <Td> 7000920000000099999 ♠ 9.2% </Td> <Td> 225,000 </Td> <Td> </Td> <Td> Detroit </Td> <Td> Mary Barra </Td> <Td> </Td> </Tr> <Tr> <Th> 19 </Th> <Td> AT&T </Td> <Td> Telecommunications </Td> <Td> $163,786 </Td> <Td> 7001116000000000000 ♠ 11.6% </Td> <Td> 268,540 </Td> <Td> </Td> <Td> Dallas </Td> <Td> Randall L. Stephenson </Td> <Td> </Td> </Tr> <Tr> <Th> 20 </Th> <Td> Exor </Td> <Td> Diversified financials </Td> <Td> $154,894 </Td> <Td> 7000150000000000000 ♠ 1.5% </Td> <Td> 302,562 </Td> <Td> </Td> <Td> Turin </Td> <Td> John Elkann </Td> <Td> </Td> </Tr> <Tr> <Th> 21 </Th> <Td> Ford Motor Company </Td> <Td> Automotive </Td> <Td> $151,800 </Td> <Td> 7000150000000000000 ♠ 1.5% </Td> <Td> 201,000 </Td> <Td> </Td> <Td> Dearborn, Michigan </Td> <Td> James Hackett </Td> <Td> </Td> </Tr> <Tr> <Th> 22 </Th> <Td> Industrial & Commercial Bank of China </Td> <Td> Financial services </Td> <Td> $147,675 </Td> <Td> 7001117000000000000 ♠ 11.7% </Td> <Td> 461,749 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Yi Huiman </Td> <Td> </Td> </Tr> <Tr> <Th> 23 </Th> <Td> AmerisourceBergen </Td> <Td> Pharmaceuticals </Td> <Td> $146,850 </Td> <Td> 7000800000000000000 ♠ 8.0% </Td> <Td> 18,500 </Td> <Td> </Td> <Td> Chesterbrook, Pennsylvania </Td> <Td> Steven H. Collis </Td> <Td> </Td> </Tr> <Tr> <Th> 24 </Th> <Td> China Construction Engineering </Td> <Td> Construction </Td> <Td> $144,505 </Td> <Td> 7000310000000000000 ♠ 3.1% </Td> <Td> 263,915 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Guan Qing </Td> <Td> </Td> </Tr> <Tr> <Th> 25 </Th> <Td> AXA </Td> <Td> Financial services </Td> <Td> $143,722 </Td> <Td> 7001112000000000000 ♠ 11.2% </Td> <Td> 97,707 </Td> <Td> </Td> <Td> Paris </Td> <Td> Thomas Buberl </Td> <Td> </Td> </Tr> <Tr> <Th> 26 </Th> <Td> Amazon </Td> <Td> Internet </Td> <Td> $135,987 </Td> <Td> 7001271000000000000 ♠ 27.1% </Td> <Td> 341,400 </Td> <Td> </Td> <Td> Seattle </Td> <Td> Jeff Bezos </Td> <Td> </Td> </Tr> <Tr> <Th> 27 </Th> <Td> Foxconn </Td> <Td> Electronics </Td> <Td> $135,129 </Td> <Td> 2999570000000000000 ♠ 4.3% </Td> <Td> 724,772 </Td> <Td> </Td> <Td> New Taipei </Td> <Td> Terry Gou </Td> <Td> </Td> </Tr> <Tr> <Th> 28 </Th> <Td> China Construction Bank </Td> <Td> Financial services </Td> <Td> $135,093 </Td> <Td> 2999130000000000000 ♠ 8.7% </Td> <Td> 362,482 </Td> <Td> </Td> <Td> Beijing </Td> <Td> Wang Zuji </Td> <Td> </Td> </Tr> <Tr> <Th> 29 </Th> <Td> Honda </Td> <Td> Automotive </Td> <Td> $129,198 </Td> <Td> 7000620000000000000 ♠ 6.2% </Td> <Td> 211,915 </Td> <Td> </Td> <Td> Tokyo </Td> <Td> Takahiro Hachigo </Td> <Td> </Td> </Tr> <Tr> <Th> 30 </Th> <Td> Total </Td> <Td> Oil and gas </Td> <Td> $127,925 </Td> <Td> 2998892000000000000 ♠ 10.8% </Td> <Td> 102,168 </Td> <Td> </Td> <Td> Courbevoie </Td> <Td> Patrick Pouyanné </Td> <Td> </Td> </Tr> <Tr> <Th> 31 </Th> <Td> General Electric </Td> <Td> Conglomerate </Td> <Td> $126,661 </Td> <Td> 2999019999999999999 ♠ 9.8% </Td> <Td> 295,000 </Td> <Td> </Td> <Td> Boston </Td> <Td> John Flannery </Td> <Td> </Td> </Tr> <Tr> <Th> 32 </Th> <Td> Verizon </Td> <Td> Telecommunications </Td> <Td> $125,980 </Td> <Td> 2999570000000000000 ♠ 4.3% </Td> <Td> 160,900 </Td> <Td> </Td> <Td> New York City </Td> <Td> Lowell McAdam </Td> <Td> </Td> </Tr> <Tr> <Th> 33 </Th> <Td> Japan Post </Td> <Td> Conglomerate </Td> <Td> $122,990 </Td> <Td> 7000360000000000000 ♠ 3.6% </Td> <Td> 248,384 </Td> <Td> </Td> <Td> Tokyo </Td> <Td> Masatsugu Nagato </Td> <Td> </Td> </Tr> <Tr> <Th> 34 </Th> <Td> Allianz </Td> <Td> Financial services </Td> <Td> $122,196 </Td> <Td> 3000400000000000000 ♠ 0.6% </Td> <Td> 140,253 </Td> <Td> </Td> <Td> Munich </Td> <Td> Oliver Bäte </Td> <Td> </Td> </Tr> <Tr> <Th> 35 </Th> <Td> Cardinal Health </Td> <Td> Pharmaceuticals </Td> <Td> $121,546 </Td> <Td> 7001185000000000000 ♠ 18.5% </Td> <Td> 37,300 </Td> <Td> </Td> <Td> Dublin, Ohio </Td> <Td> George S. Barrett </Td> <Td> </Td> </Tr> </Table> <Tr> <Th> Rank </Th> <Th> Name </Th> <Th> Industry </Th> <Th> Revenue (USD millions) </Th> <Th> Revenue growth </Th> <Th> Employees </Th> <Th> Country </Th> <Th> Headquarters </Th> <Th> CEO </Th> <Th> Ref </Th> </Tr>

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