1. Walmart
Annual revenue: $482 Billion
The US retail giant owns Asda in the UK. It has claimed the top spot on the Fortune Global 500 eleven times since 1995.
2. State Grid
Annual revenue: $330 Billion
The world's biggest power company is state-owned and has responsibility for China's national grid.
3. China National Petroleum
Annual revenue: $299 Billion
CNPC, also owned by the Chinese state, is a global oil giant, which owns publicly listed PetroChina. It has operations across the Middle East and Russia.
4. Sinopec Group
Annual revenue: $249 Billion
Yet another Chinese oil giant, China Petroleum & Chemical Corporation, or Sinopec, is listed in Hong Kong.
5. Royal Dutch Shell
Annual revenue: $272 Billion
The Anglo Dutch giant is a staple of the FTSE 100. It recently absorbed Reading-based BG Group in a controversial $40bn merger.
6. Exxon Mobil
Annual revenue: $246 Billion
The Texas-based oil giant formed in 1998 from the merger of Exxon and Mobil. It also operates as Esso in the UK.
7. Volkswagen
Annual revenue: $237 Billion
The German car maker has enjoyed a torrid year after admitting it had installed software in 11m diesel cars that allowed them to cheat emissions tests. It said today the hit to its profits may not be as bad as first thought.
8. Toyota
Annual revenue: $237 Billion
Tied with Volkswagen in terms of revenue, Toyota actually produces slightly more cars than its German rival - turning out 10.3 million vehicles in 2014, compared to VW's 10.1 million.
9. Apple
Annual revenue: $234 Billion
Apple, with a market cap of $550bn, is often called the world's most valuable company. In 2016 it has had to contend with falling sales of the iPhone.
10. BP
Annual revenue: $226 Billion
The British oil company is still recovering from the aftermath of the fatal explosion on the Deepwater Horizon oil platform in 2010. Earlier this month it said the total bill for the disaster - which resulted in a huge oil spill in the Gulf of Mexico - would be $61.6bn.
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