PRN: FORTUNE Magazine Releases Its Annual FORTUNE Global 500 List
FORTUNE Magazine Releases Its Annual FORTUNE Global 500 List
NEW YORK, July 7, 2011 /PRNewswire/ --
- 61 Chinese Companies Rank in the 2011 FORTUNE Global 500; Number of American and Japanese Companies Fall
Today, FORTUNE magazine releases the annual FORTUNE Global 500 list, its annual ranking of the world's largest corporations ranked by revenue. U.S. companies made up the majority of this year's list, with 133 companies, followed by 68 Japanese companies and 61 Chinese companies.
In an accompanying feature, FORTUNE editors write, "The U.S. still dominates the list, with 133 companies, but that number is down from 185 a decade ago. China continues its march, with 61 companies, vs. just 12 in 2001. Companies from India, Russia, Brazil, and other growth economies are moving up in the rankings." Three Chinese companies - Sinopec Group, China National Petroleum and State Grid - rank in this year's top 10. European companies also held a strong presence on this year's list, with 35 French companies and 34 German companies.
The combined profits of the FORTUNE Global 500 increased 59%. Wal-Mart holds the number one spot for the second year in a row, and the eighth time in the list's history, with revenues of more than $421 billion. Royal Dutch Shell, Exxon Mobil, General Motors and Mitsubishi are the only other companies to ever top the Global 500.
THE FORTUNE GLOBAL 500 TOP 10 LIST