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There’s a new list of the world’s 10 largest companies—and tech isn’t on it

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There are no tech names among the top 10 global companies by revenue, according to Fortune, which released its Global 500 list today (July 19). Apple, the biggest tech company, came in at 11, followed by Samsung at 12. For all of Amazon’s size and influence, it’s only the 18th-largest company, trailing such unglamorous companies as McKesson, a pharmaceutical wholesaler. And despite its pitched competition with Walmart for retail dominance, Amazon’s revenue is less than half that of the Bentonville, Arkansas-based discounter.

While few dispute the future is in technology, the present is still very much in energy. Five of the top 10 are oil and gas companies, and another—State Grid—is China’s biggest utility. Two of the top 10 are car companies that help generate the demand for fossil fuels. Tesla, among the companies most written about and obsessed over, didn’t crack the top 500.
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