Shell is top global company

10th July 2009, Comments 0 comments

Royal Dutch Shell became the first non-US firm to top the annual Fortune 500 list in over a decade.

Washington – Royal Dutch Shell emerged as the top company, according to the latest annual survey by Fortune magazine.
The Anglo-Dutch firm is the first non-US firm to top the annual Fortune 500 list in over a decade. 

The energy giant, which moved up two ranks from last year, brought in USD 15 billion (EUR 11 billion) more in sales than second place oil rival Exxon Mobil of the United States.

US retail giant Wal-Mart Stores slid from last year's top spot to third, with revenues of over USD 405 billion.

One other Dutch company made it into the top 100: the financial institution ING was ranked eighth.

Meanwhile, the number of US companies featured in the annual Fortune 500 list of top global companies fell to lowest level ever as more Chinese firms appeared than ever before.

China, Asia's ever-soaring powerhouse economy, saw its fortunes rise across the board with a Chinese firm – oil giant Sinopec – appearing in the top 10 for the first time/

Overall, China had an unprecedented total of 37 companies featured on the list, with nine new entries and the others climbing in the rankings.

But the number of US firms in the top 500 fell to 140, the lowest since Fortune began the list 1995.

Japan was in second with 68 firms, while France and Germany narrowly edged out China with 40 and 39 firms respectively.

In fourth place came British oil giant BP (USD 367 billion dollars), followed by US oil firm Chevron (USD 263 billion); French oil firm Total (USD 234.6 billion); US oil firm ConocoPhillips (USD 230.7 billion); Dutch insurance conglomerate ING Group (USD 226.5 billion), Sinopec (USD 207.8 billion) and Japan's Toyota Motor (USD 204 billion).

The Fortune ranking is based only on revenues.

AFP / Radio Netherlands / Expatica

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