Royal Dutch Shell tops Fortune's Global 500 rankings

NEW YORK, July 9 Mon Jul 9, 2012 10:22pm IST

Related Topics

Stocks

   

NEW YORK, July 9 (Reuters) - Energy company Royal Dutch Shell, with a 28.1 percent increase in revenue in 2011, ended Wal-Mart Stores' two-year reign atop Fortune Magazine's Global 500 list, the magazine's yearly ranking of the world's 500 largest corporations, which was released on Monday.

The Netherlands-based company took first place with more than $484 billion in revenues and $30.9 billion in profits, a 53.6 percent increase from 2010. It continued to perform well into early 2012, boosting its earnings for the first quarter of 2012 by 11 percent, the magazine said.

Exxon Mobil Corp came in second place in the rankings. The U.S.-based energy giant saw a 35 percent boost in profits to $41 billion in 2011, also jumping the world's biggest retailer, which landed in third place.

Wal-Mart earned large profits overseas but struggled in its native United States, with a 4.2 percent decline in profits amid lowered sales and high-profile controversies, including allegations of bribery in Mexico.

Rounding out the rankings' top five were Britain's BP and China's Sinopec Group.

"Despite financial turmoil in Europe and disasters in Japan, the world's largest corporations had record profits and revenues in 2011," Fortune spokeswoman Kerri Chyka said in an email.

The 500 companies on the list saw total revenue of $29.5 trillion, up 13.2 percent over 2010. Total profits rose to $1.6 trillion.

Eight of the list's top 10 companies were in the energy business. Commercial banks and the auto industry took second and third place in the 500 rankings, respectively.

Chyka added that 132 U.S. companies made 2012's Global 500 list, though that's down from nearly 200 a decade ago.

"Although the U.S. still hosts the lion's share of Global 500 corporations, no country has lost more companies during the last decade," Chyka said.

China, which came in second with 73 companies, has seen an increase of 62 businesses on the list since 2002, and Japan was third with 68. Europe had 161 companies on the list.

The top 10 companies included four from the United States, with Chevron and ConocoPhillips in eighth and ninth place respectively, and three from China, with China National Petroleum and State Grid in sixth place and seventh place.

FILED UNDER:

Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage