List of largest companies in Europe by revenue explained

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.

2023 Fortune Global 500 List

Breakdown by country

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

+Breakdown by country
RankCountryCompanies
1 Germany28
2 France24
3 United Kingdom10
3 Italy4
5 Switzerland9
5 Spain9
7 Netherlands4
8 Austria1
8 Belgium1
8 Ireland1
8 Luxembourg1
8 Norway1
8 Poland1
8 Sweden1

Below are the 100 largest companies by revenue in 2023 (mostly for fiscal year 2022), according to the Fortune 500 list.[2] Note that this list mostly includes public companies. Many private companies like Lidl (Schwarz Gruppe) or Aldi, to give a just two examples, are hence missing.

RankCompanyIndustryRevenue
(US$ billions)
width=150Headquarters
1ShellOil and gas386.201
2VolkswagenAutomotive293.685
3UniperElectric utility288.309
4TotalEnergiesOil and gas263.310
5GlencoreConglomerate255.984
6BPOil and gas248.891
7StellantisAutomotive188.888
8GazpromOil and gas167.832
9Mercedes-Benz GroupAutomotive157.782
10Électricité de FranceElectric utility150.902
11EquinorPetroleum industry150.806
12BMWAutomotive149.991
13EnelElectric utility147.790
14EniOil and gas140.607
15AllianzFinancial services129.059
16E.ONElectric utility121.646
17Deutsche TelekomTelecommunications120.108
18EngieElectric utility109.175
19AxaInsurance109.067
20DHLCourier99.324
21Banco SantanderFinancial services99.231
22NestléConsumer goods98.931
23BoschConglomerate92.777
24BASFChemicals91.847
25Ahold DelhaizeRetail91.486
26CarrefourRetail90.062
27BNP ParibasFinancial services88.564
28HSBCFinancial services87.897
29Crédit AgricoleFinancial services86.471
30Assicurazioni GeneraliFinancial services85.750
31DiorLuxury goods83.283
32MaerskConglomerate81.529
33ArcelorMittalSteel79.844
34TescoRetail79.687
35SiemensConglomerate77.860
36Munich ReFinancial services75.747
37RepsolOil and gas72.536
38RochePharmaceuticals69.596
39VinciConstruction65.750
40OMVOil and gas65.523
41SocGenFinancial services63.417
42UnileverConsumer goods63.182
43OrlenOil and gas62.326
44AirbusAeronautics and defence61.805 , , ,
45AccentureConsulting61.594
46Louis Dreyfus CompanyConsulting59.931
47Deutsche BahnTransport59.210
48EnBWElectric utility58.901
49AB InBevBeverages57.786
50IberdrolaElectric utility56.741
51TalanxFinancial services56.029
52SberbankFinancial services55.877
53Saint-GobainBuilding materials53.847
54Daimler TruckAutomotive53.582
55BayerPharmaceuticals53.365
56NovartisPharmaceuticals51.828
57LyondellBasellChemicals50.451
58RenaultAutomotive49.924
59EdekaRetail49.481
60Energi Danmark GroupEnergy production48.717
61INGFinancial services48.062
62SanofiPharmaceuticals47.738
63Groupe BPCEFinancial services47.723
64VodafoneTelecommunications47.550
65VolvoHeavy equipment46.828
66BouyguesConglomerate46.696
67INGKARetail46.135
68ZF FriedrichshafenAuto and truck parts46.068
69Swiss ReFinancial services45.998
70ExorInvestment45.977
71BBVAFinancial services45.776
72OrangeTelecommunications45.721
73VeoliaEnvironmental services45.105
74BarclaysFinancial services45.023
75ThyssenKruppConglomerate44.502
76AstraZenecaPharmaceuticals44.351
77SNCFTransport43.594
78ChubbInsurance43.166
79GSKPharmaceuticals43.035
80FreseniusMedical equipment42.954
81UBSFinancial services42.950
82Deutsche BankFinancial services42.285
83TelefónicaTelecommunications42.063
84Zurich Insurance GroupFinancial services41.750
85ContinentalAuto and truck parts41.449
86Kuehne + NagelLogistics41.278
87RWEElectricity generation40.352
88L'OréalCosmetics40.241
89Intesa SanpaoloFinancial services38.836
90Phoenix PharmahandelPharmaceuticals38.045
91Sainsbury'sRetail37.910
92X5 GroupRetail37.494
93GasTerraOil and gas37.338
94La PosteCourier37.224
95Hapag-LloydContainer shipping37.224
96Schneider ElectricElectrical equipment35.945
97FinatisPharmaceutical and Food industry35.851
98ELO GroupPharmaceutical and Food industry35.799
99NaturgyOil and gas35.723
100ACS GroupEngineering35.355

See also

Notes and References

  1. Web site: Annual Report and Accounts 2022 . shell.com. en.
  2. Web site: Fortune 500 . Fortune.com. en.