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Highlights, the 10 largest companies in Brazil listed in the Forbes Global 2000 ranking in 2023
In the 2023 edition of the influential Forbes Global 2000 ranking, the Brazilian giants – Petrobras, Vale, Suzano, Itaú, Bradesco, Eletrobras, JBS and Banco do Brasil – made history by being listed among the biggest companies global. The ranking is based on four main metrics: sales, profits, assets and market value.
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With a tone of national pride, it is critical to note that listed companies in 2023 had sales of $50,8 trillion, profits of $4,4 trillion, assets of $231 trillion and a market value of $74 trillion. Despite a slight decline in retained earnings, assets and market cap from the prior year, 2023 marked the first time that total revenue crossed the $50 trillion mark.
This global ranking included companies from 58 countries, with US companies leading with 611 listed entities and Chinese companies second with 346 companies.
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How the Brazilian Giants Behaved in the Ranking
The highlight in the Brazilian scenario is Petrobras, which achieved the best position among the Brazilian companies listed, showing the strength of national companies in the global scenario.
Among the ten Brazilian companies that appeared in the ranking, it is worth taking a closer look:
- Petrobras (58th position)
- Itaú (98th position)
- Valley (139th position)
- Bank of Brazil (171st position)
- Bradesco (173rd position)
- BTG Pactual (372nd position)
- JBS (563rd position)
- Suzano (773rd position)
- Eletrobras (927th position)
- Gerdau (979th position)
Each of these companies represents a critical segment of the Brazilian business ecosystem, from energy and banking to food and paper production. This solid performance in the Forbes Global 2000 ranking demonstrates the robustness and competitiveness of the Brazilian economy on the world stage.
These companies remain a testament to the dynamics of the Brazilian market, providing jobs, fueling innovation and driving economic growth. Their continued success in the Forbes Global 2000 ranking underscores the crucial role that the Brazilian business sector plays in the global economy.
Check out the global positions of these same companies below:
Petrobras (58th position)
A Petrobras, or Petróleo Brasileiro SA, is a Brazilian multinational in the energy sector. The company is a leader in the oil and natural gas exploration and production segment, in addition to operating in other energy areas such as bioenergy.
Itaú (98th position)
O Itaú Unibanco is one of the largest banks in Brazil and Latin America. The company offers a full range of financial products and services for all types of customers, from individuals to corporates.
Valley (139th position)
A Vale SA. is one of the largest mining companies in the world and the largest producer of iron ore, pellets and nickel. The company also has significant operations in copper, coal, manganese and ferroalloys.
Bank of Brazil (171st position)
O Bank of Brazil is one of the largest banks in Brazil, offering a wide range of financial products and services. Its operations range from retail and investment banking to asset management and insurance.
Bradesco (173rd position)
O Bradesco is one of the largest financial institutions in Brazil, with an extensive network of branches and services that serve retail, corporate and institutional clients. In addition to banking services, Bradesco also has significant operations in the insurance segment.
BTG Pactual (372nd position)
O BTG Actual is a leading investment bank in Latin America. The company offers a wide range of financial services, including investment banking, asset management, wealth management and private banking services.
JBS (563rd position)
A JBS is one of the largest meat processing companies in the world. The Brazilian company is a global leader in the production of beef, chicken and pork, and also has significant operations in leather and dairy products.
Suzano (773rd position)
A Suzano is one of the largest pulp and paper producers in the world. The Brazilian company is a global leader in the production of eucalyptus pulp and paper, with extensive forestry and manufacturing operations.
Eletrobras (927th position)
A Eletrobras is the largest electricity generation and transmission company in Latin America. The Brazilian state-owned company owns and operates an extensive portfolio of hydroelectric, thermoelectric and nuclear power plants.
Gerdau (979th position)
A Gerdau is one of the world's leading steel companies, with significant operations in Brazil and abroad. The company produces a wide range of steel products for the construction, automotive, agricultural and other industrial sectors.
