List of largest companies in Europe by revenue

This list comprises the largest companies currently in Europe by revenue as of 2023, according to the Fortune 500 tally of companies and Forbes.

In 2022, largest company in Europe was Shell with revenue of US$386 billion.[1] Energi Danmark Group had largest revenue growth on Fortune 500 list.[2]

Shell Centre headquarters in London. Shell is Europe's largest and the world's ninth-largest company by revenue

2023 Fortune Global 500 List

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Breakdown by country

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These are the top 10 countries with the highest revenues from the top 500 companies as of August 2023.[3][4]

Breakdown by country
Rank Country Companies
1   Germany 28
2   France 24
3   United Kingdom 10
4    Switzerland 9
4   Spain 9
6   Netherlands 4
6   Italy 4
8   Russia 3
9   Austria 1
9   Belgium 1
9   Ireland 1
9   Luxembourg 1
9   Norway 1
9   Poland 1
9   Sweden 1

Below are the 100 largest companies by revenue in 2023 (mostly for fiscal year 2022), according to the Fortune 500 list.[3] Note that this list mostly includes public companies. Many private companies like Lidl (Schwarz Gruppe) or Aldi, to give just two examples, are hence missing.

Rank Company Industry Revenue
(US$ billions)
Headquarters
1 Shell Oil and gas 386.201   United Kingdom
2 Volkswagen Automotive 293.685   Germany
3 Uniper Electric utility 288.309   Germany
4 TotalEnergies Oil and gas 263.310   France
5 Glencore Conglomerate 255.984    Switzerland
6 BP Oil and gas 248.891   United Kingdom
7 Stellantis Automotive 188.888   Netherlands
8 Gazprom Oil and gas 167.832   Russia
9 Mercedes-Benz Group Automotive 157.782   Germany
10 Électricité de France Electric utility 150.902   France
11 Equinor Petroleum industry 150.806   Norway
12 BMW Automotive 149.991   Germany
13 Enel Electric utility 147.790   Italy
14 Eni Oil and gas 140.607   Italy
15 Allianz Financial services 129.059   Germany
16 E.ON Electric utility 121.646   Germany
17 Deutsche Telekom Telecommunications 120.108   Germany
18 Engie Electric utility 109.175   France
19 Axa Insurance 109.067   France
20 DHL Courier 99.324   Germany
21 Banco Santander Financial services 99.231   Spain
22 Nestlé Consumer goods 98.931    Switzerland
23 Bosch Conglomerate 92.777   Germany
24 BASF Chemicals 91.847   Germany
25 Ahold Delhaize Retail 91.486   Netherlands
26 Carrefour Retail 90.062   France
27 BNP Paribas Financial services 88.564   France
28 HSBC Financial services 87.897   United Kingdom
29 Crédit Agricole Financial services 86.471   France
30 Assicurazioni Generali Financial services 85.750   Italy
31 Dior Luxury goods 83.283   France
32 Maersk Conglomerate 81.529   Denmark
33 ArcelorMittal Steel 79.844   Luxembourg
34 Tesco Retail 79.687   United Kingdom
35 Siemens Conglomerate 77.860   Germany
36 Munich Re Financial services 75.747   Germany
37 Repsol Oil and gas 72.536   Spain
38 Roche Pharmaceuticals 69.596    Switzerland
39 Vinci Construction 65.750   France
40 OMV Oil and gas 65.523   Austria
41 SocGen Financial services 63.417   France
42 Unilever Consumer goods 63.182   United Kingdom
43 Orlen Oil and gas 62.326   Poland
44 Airbus Aeronautics and defence 61.805   Netherlands
45 Accenture Consulting 61.594   Ireland
46 Louis Dreyfus Company Agricultural Commodities 59.931   Netherlands
47 Deutsche Bahn Transport 59.210   Germany
48 EnBW Electric utility 58.901   Germany
49 AB InBev Beverages 57.786   Belgium
50 Iberdrola Electric utility 56.741   Spain
51 Talanx Financial services 56.029   Germany
52 Sberbank Financial services 55.877   Russia
53 Saint-Gobain Building materials 53.847   France
54 Daimler Truck Automotive 53.582   Germany
55 Bayer Pharmaceuticals 53.365   Germany
56 Novartis Pharmaceuticals 51.828    Switzerland
57 LyondellBasell Chemicals 50.451   Netherlands
58 Renault Automotive 49.924   France
59 Edeka Retail 49.481   Germany
60 Energi Danmark Group Energy production 48.717   Denmark
61 ING Financial services 48.062   Netherlands
62 Sanofi Pharmaceuticals 47.738   France
63 Groupe BPCE Financial services 47.723   France
64 Vodafone Telecommunications 47.550   United Kingdom
65 Volvo Heavy equipment 46.828   Sweden
66 Bouygues Conglomerate 46.696   France
67 INGKA Retail 46.135   Netherlands
68 ZF Friedrichshafen Auto and truck parts 46.068   Germany
69 Swiss Re Financial services 45.998    Switzerland
70 Exor Investment 45.977   Netherlands
71 BBVA Financial services 45.776   Spain
72 Orange Telecommunications 45.721   France
73 Veolia Environmental services 45.105   France
74 Barclays Financial services 45.023   United Kingdom
75 ThyssenKrupp Conglomerate 44.502   Germany
76 AstraZeneca Pharmaceuticals 44.351   United Kingdom
77 SNCF Transport 43.594   France
78 Chubb Insurance 43.166    Switzerland
79 GSK Pharmaceuticals 43.035   United Kingdom
80 Fresenius Medical equipment 42.954   Germany
81 UBS Financial services 42.950    Switzerland
82 Deutsche Bank Financial services 42.285   Germany
83 Telefónica Telecommunications 42.063   Spain
84 Zurich Insurance Group Financial services 41.750    Switzerland
85 Continental Auto and truck parts 41.449   Germany
86 Kuehne + Nagel Logistics 41.278   Germany
87 RWE Electricity generation 40.352   Germany
88 L'Oréal Cosmetics 40.241   France
89 Intesa Sanpaolo Financial services 38.836   Italy
90 Phoenix Pharmahandel Pharmaceuticals 38.045   Germany
91 Sainsbury's Retail 37.910   United Kingdom
92 X5 Group Retail 37.494   Russia
93 GasTerra Oil and gas 37.338   Netherlands
94 La Poste Courier 37.224   France
95 Hapag-Lloyd Container shipping 37.224   Germany
96 Schneider Electric Electrical equipment 35.945   France
97 Finatis Pharmaceutical and Food industry 35.851   France
98 ELO Group Pharmaceutical and Food industry 35.799   France
99 Naturgy Oil and gas 35.723   Spain
100 ACS Group Engineering 35.355   Spain

See also

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References

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  1. ^ "Annual Report and Accounts 2022". shell.com.
  2. ^ "Annual Report 2022", www.energidanmark.com
  3. ^ a b "Fortune 500". Fortune.com.
  4. ^ "Mapping the Global 500". Retrieved 25 August 2024.