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FORTUNE ANNOUNCES 2024 FORTUNE GLOBAL 500

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Walmart is No. 1 for the 11th consecutive year

U.S. takes the lead from Greater China with the most companies for first time since 2018

NEW YORK, Aug. 5, 2024 /PRNewswire/ —  Today, Fortune released the 2024 Fortune Global 500(™), the definitive list of the world’s largest corporations ranked by revenue for the 2023 fiscal year. Walmart, the Arkansas-based retailer, is No. 1 for the 11th consecutive year, followed by Amazon (No. 2), State Grid (No. 3), Saudi Aramco (No. 4), and Sinopec (No. 5).

Fortune’s authoritative ranking of the current corporate world order showed the dominating presence of U.S. companies (139). With an increase of three companies from 2023, the U.S. took the lead away from Greater China (133 companies, down 9 from last year) for the first time since 2018. Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan. China and U.S. companies account for 9 of the 10 most profitable Fortune Global 500 companies.

The financial sector roared back on the global list: Banks (57) and insurance companies (40) were the top two categories leading all industries with the most Fortune Global 500 companies, followed by auto and auto parts manufacturers (37), petroleum refiners (33), and metals (23). Financial led all sectors in two key financial metrics, generating U.S. $8.6 trillion in revenue and $992 billion in profits.

Big Tech still made its mark. Collectively, Apple (No. 7), Alphabet (No. 17), Microsoft (No. 26), and Meta Platforms (No.66) brought in $282 billion in net income, up from $233 billion last year.

THE 2024 FORTUNE GLOBAL 500 TOP 10 LIST:

Walmart (U.S.)Amazon.com (U.S.)State Grid (China)Saudi Aramco (Saudi Arabia)Sinopec (China)China National Petroleum (China)Apple (U.S.)UnitedHealth Group (U.S.)Berkshire Hathaway (U.S.)CVS Health (U.S.)

Companies on the 2024 Fortune Global 500 list posted record aggregate revenue of $41 trillion (up 0.1%) and employed 70.5 million people worldwide. While the revenue was essentially flat in 2023, profits rose 2% after declining in 2022. Saudi Aramco (No. 4) netted $121 billion in profits and was the most profitable Fortune Global 500 company for the third year in a row. 

The number of women CEOs of Fortune Global 500 companies fell back a bit, to 28, down one from a year ago. CVS Health is the largest company by revenue run by a woman, CEO Karen Lynch. The U.S. is home to 15 companies with women CEOs, followed by France with four, and Brazil, Britain, and China with two each.

Fortune Global 500 companies are based in 238 cities and 35 countries/territories around the world. The top 5 cities—Beijing, Tokyo, New York, Shanghai, and Seoul—serve as home base to almost one-quarter of the companies. London and Paris are both one company shy of fifth place.

Thirteen companies are making their Fortune Global 500 debut, and they reflect the world’s fascination with AI and weight-loss drugs. They include chip maker Nvidia (No. 222) and pharmaceutical company Novo Nordisk (No. 469).

The complete Global 500 appears in the August/September issue of Fortune and is available today here. The complete dataset can be purchased here.

“For thirty-five years, Fortune has been tracking the world’s largest companies in our Global 500 ranking and it’s proven to be a dependable barometer of global business,” said Fortune Editor in Chief and Chief Content Officer Alyson Shontell. “This year’s list shows a couple of trends colliding – energy prices cooling while AI gets red-hot.  The question now will be how big the gap is between what we’re spending on this promising new technology and the business it can generate — and over what time frame.”

“The business world today is truly global, and the Fortune Global 500 is an illuminating map of that world,” said Fortune CEO Anastasia Nyrkovskaya. “We are excited to share this list with the many audiences that rely on its authority and credibility.”

Fortune Vice President of Research Scott DeCarlo said, “The Global 500 is the ultimate scorecard for business success. The aggregate revenue of the Fortune Global 500 in 2023 reached $41 trillion, a record level. That sum represents more than a third of global GDP—a sign of how much economic power is concentrated in these companies.”

Companies are ranked on the Fortune Global 500 by total revenues for their respective fiscal years ending on or before March 31, 2024. All companies on the list must publish financial data and report part or all of their figures to a government agency. The latest figures in the list are as reported by the companies; any comparisons are with the prior year’s figures as originally reported. Fortune does not restate the prior year’s figures for changes in accounting.

About Fortune: 
Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world’s biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Global Fortune Forum and Brainstorm Tech. For more information, visit fortune.com.

Media Contact:
Patrick Reilly
Patrick.reilly@fortune.com

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SPOC ENERGY EXPANDS ALABAMA WORKFORCE TO SUPPORT CONTINUED GROWTH

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Birmingham-Based Manufacturer Plans Significant Hiring as Demand Drives Production and Capacity Expansion

BIRMINGHAM, Ala., Nov. 13, 2026 /PRNewswire/ — SPOC Energy, a Birmingham-based manufacturer of advanced power conversion systems and motor-control automation, is expanding its Alabama workforce and increasing manufacturing capacity to meet growing demand across its markets.

With a manufacturing backlog extending into 2028 and beyond, SPOC Energy is investing in its people and production capabilities to support continued growth. The company currently employs approximately 275 people and is actively hiring for positions across manufacturing, engineering and other skilled technical and operational roles.

The hiring initiative comes as SPOC Energy continues to grow beyond its roots in oil and gas into markets where reliable, always-on power is increasingly critical, including utilities, data centers, marine systems and industrial power applications. That diversification is creating new opportunities across the company as SPOC expands the workforce and production capabilities needed to serve these growing markets.

“There’s a tremendous opportunity ahead for SPOC, and we’re excited about what that means for Birmingham and the people who call Alabama home,” said Robert L. Mason, CEO of SPOC Energy. “We’re creating jobs, increasing our manufacturing capacity and building the team we’ll need to support demand for years to come. Our people have always been the foundation of our success, and as we continue to grow, we’re committed to creating opportunities for them to build meaningful, long-term careers right here in Alabama.”

As SPOC continues to grow, its Lift Up culture remains central to how the company operates. Built on the belief that success comes from investing in people, Lift Up shapes how SPOC supports its employees, works with customers and builds relationships with vendors. This approach extends beyond the workplace, helping the company strengthen partnerships and create lasting value for the industries and communities it serves.

The company’s commitment to its people is also reflected in CEO Robert L. Mason’s book, Tuesday in Trussville, which explore the leadership lessons and experiences that have shaped his approach to building a successful business.

SPOC offers employees opportunities for professional development and career advancement, along with benefits that include health, dental and vision insurance; paid time off and holidays; a 401(k) plan; education assistance; life insurance; and short- and long-term disability coverage.

Individuals interested in current job opportunities or learning more about working at SPOC Energy can visit SPOCenergy.com/careers.

About SPOC Energy
SPOC Energy designs and manufactures advanced power conversion systems and motor-control automation. Engineered for mission-critical performance in the world’s most technically demanding and harsh environments, including data centers, oil and gas, marine and mobile power applications, SPOC’s technologies improve efficiency and strengthen reliability. Guided by its Lift Up culture, SPOC has more than 85,000 systems installed across five continents and more than 40 countries, helping industries operate more efficiently and reliably. www.spocenergy.com 

Media Contact
Brailyn Barineau
205.910.6393
brailyn@bbarineau.com

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SOURCE SPOC Energy

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Partner Joins Yardi Independent Consultant Network, Expanding Access to Specialized Data Services

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TORRANCE, Calif., Nov. 13, 2026 /PRNewswire/ — Partner Engineering and Science, Inc. (Partner), a leading provider of real estate due diligence, facility assessment, engineering, and property data services, today announced it has joined the Yardi Independent Consultant Network (ICN), a global network of approved consultants that helps clients maximize the value of Yardi software solutions.

Through participation in the ICN, Partner will bring a unique capability to Yardi clients: professional property data collection and validation services designed to support Yardi implementations and ongoing facility management programs. Specifically, Partner offers on-site collection of data related to building systems, components, or equipment. This may include identifying the data set required to support desired outcomes. Partner dispatches trained technicians equipped with cutting-edge field technology to capture the predefined data set and deliver complete, consistent, and accurate data across all subject assets and properties. With a specialized focus on engineering, energy, compliance, and asset intelligence, Partner helps organizations identify, collect, structure, and validate information that supports Yardi’s Energy IQ, Forecast Manager, Facility Manager, and capital planning workflows.

Quality data is the foundation of effective capital planning, maintenance management, compliance tracking, reporting, and portfolio decision-making. Partner has a track record of enabling commercial real estate owners, investors, operators, healthcare systems, educational institutions, and other property stakeholders to build that foundation by collecting and organizing asset inventories, facility condition data, lifecycle information, replacement-cost data, compliance-related information, sustainability data, and other critical property datasets for import into Yardi systems.

“As organizations continue to invest in technology to manage their real estate portfolios, the quality of the underlying data has become more important than ever,” said Corinne Stewart, Director of Asset Management at Partner. “Joining the Yardi Independent Consultant Network strengthens our ability to help clients achieve successful outcomes by ensuring their Yardi environments are built on accurate, complete, and actionable property data.”

Partner’s multidisciplinary team combines expertise in building systems, engineering, facility condition assessments, asset management, energy/sustainability, and data science to deliver information that is complete, consistent, and ready for integration. This approach helps organizations improve capital planning, reduce data gaps, support risk management initiatives, optimize building performance, and make more informed portfolio decisions.

The Yardi Independent Consultant Network includes experienced consultants licensed to access and use certain Yardi software to provide implementation, training, and consulting services for Yardi solutions. By joining the network, Partner expands the resources available to Yardi users while complementing the expertise offered by other ICN members.

For more information about Partner’s services that support Yardi users, click here.

About Partner Engineering and Science, Inc.

Partner Engineering and Science, Inc. is an international consulting firm providing environmental, engineering, energy, sustainability, valuation, and asset management solutions to the commercial real estate industry. Partner helps clients manage risk, optimize assets, and make informed decisions throughout the property lifecycle.

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SOURCE Partner Engineering and Science, Inc.

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InventHelp Inventor Develops Emergency Strobe Light Device (SBT-2348)

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PITTSBURGH, Nov. 13, 2026 /PRNewswire/ — “I wanted to create a light that is easy to activate in the event of an emergency to help first responders find you,” said an inventor, from San Marcos, Calif., “so I invented the LIFE STROBE. My design would be easily visible from the street to prevent delays when locating an address.”

The invention provides an effective strobe light device that can be activated in the event of an emergency. In doing so, it allows first responders to easily identify the location of the emergency. As a result, it saves time. It also eliminates confusion when locating an address in dark or low light conditions. The invention features an innovative design that is easy to use so it is ideal for households.

The original design was submitted to the San Diego sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 25-SBT-2348, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

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