Shell tops the Global Fortune 500 again Fortune magazine’s annual list of publicly and privately held companies places Shell ahead of the rest of the global pack. Shell topped the global rankings again this year, beating the likes of corporate giants Wal-Mart, Exxon Mobil and BP to the Global Fortune 500 crown. Fortune magazine, which compiles the list according to revenues, calculated that Shell earned $26.6 billion in 2012 from revenues totalling $481.7 billion. Fortune said: “Shell continues to rake in money from various assets, one of which is its profitable Pearl gas-to-liquid plant in Qatar.” The announcement comes just months after Shell was awarded the title of world’s most valuable brand in its sector by marketing agency Brand Finance. Top 10 Fortune 500 companies 1. Royal Dutch Shell 2. Wal-Mart Stores 3. Exxon Mobil 4. Sinopec Group 5. China National Petroleum 6. BP 7. State Grid 8. Toyota Motor 9. Volkswagen 10. Total Read more on the full Fortune Global 500 list On the Global 500 list, oil companies were out in strength among the world’s largest corporations, although Wal-Mart, Toyota and Volkswagen also broke into the Top 10. Second on the global list was Wal-Mart, which moved up from third position with revenues of $469.2 billion and profits of $17 billion. It saw its sales increase by five per cent and profits rise by 8.3 per cent in 2012. The global retailer took the top spot on Fortune’s US-only 500 list. Fortune ranks companies by total revenues for their respective fiscal years ended on or before March 31, 2013. Three Chinese entities made the Top 10 tier of the global Fortune 500 list: the two state-owned oil and gas companies Sinopec Group and China National Petroleum and the government-owned power distributor State Grid. How does Global Fortune 500 decide? Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. World’s most valuable oil and gas brand Brand valuation and marketing agency Brand Finance awarded Shell with world’s most valuable brand in the oil and gas sector, beating all of ExxonMobil Group’s businesses combined. Shell took 12th position across all sectors, up from 19th in 2012, coming ahead of companies including Vodafone, Toyota and Volkswagen. The BrandFinance® Global 500 study is compiled every year and ranks the world’s top 500 brands by value using publicly available information.
Posted on: Fri, 12 Jul 2013 12:11:37 +0000
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