Saudi Aramco Closes In On Walmart As World’s Top Firm By Revenue

Saudi oil giant Aramco was a surprisingly close second to Walmart in the latest Fortune Global 500 list—the ranking of the world’s largest companies by revenue—published on Wednesday.    Walmart retains its top spot as the biggest company by revenue for the tenth year in a row, with $611.3 billion in revenue in its most recent fiscal year. Saudi Aramco was second, with revenues of $603.7 billion in 2022, up by 51% compared to 2021, due to high prices and tighter oil supply last year, also due to the Russian invasion…