Rank: 1 (Previous rank: 1)
CEO: H. Lee Scott Jr.
Employees: 2,055,000
Address: 702 S.W. Eighth St.
Bentonville, Arkansas 72716
Country: U.S.
Code:
Website: www.walmartstores.com
Retaining its spot as the largest company in the world, the retail giant spent the last year making strides toward becoming friendlier to its workers and the environment. Long derided for the limited health-care packages offered to its employees, the company focused on expanding its options.
As of January, 93.7% of Wal-Mart’s U.S. employees had some form of health care, up from 90.4% last year. On the sustainability front, the retailer sold 145 million energy-efficient light bulbs in 15 months and joined forces with the Clinton Climate Initiative. Some say it isn’t enough; a union-backed ad campaign by WakeUpWalMart.com at the end of 2007 targeted the quality of the company’s imported products.
2. Exxon Mobil
Rank: 2 (Previous rank: 2)
CEO: Rex W. Tillerson
Employees: 107,100
Address: 5959 Las Colinas Blvd.
Irving, Texas 75039
Country: U.S.
Code:
Website: http://www.exxonmobil.com
Big companies know how to make big deals, and at the end of last March, Exxon Mobil signed onto a $5 billion project with Saudi Aramco and Sinopec to expand an existing venture in the Fujian province - marking the first fully integrated petrochemical plant in China backed by foreign investment. Exxon had its best year ever in terms of safety results, while the competition didn’t fare as well. But the high cost of refining hurt Exxon just as much as it hurt the rest. Even with a record of $40.6 billion in net income, profits were up only 2.8% from the previous year.
3. Royal Dutch Shell
Rank: 3 (Previous rank: 3)
CEO: Jeroen van der Veer
Employees: 104,000
Address: Carel van Bylandtlaan 30
The Hague 2596
Country: Netherlands
Code:
Website: http://www.shell.com
4. BP
Rank: 4 (Previous rank: 4)
CEO: Anthony B. Hayward
Employees: 97,600
Address: 1 St. James Sq.
London SW1Y 4PD
Country: Britain
Code:
Website: http://www.bp.com
5. Toyota Motor
Rank: 5 (Previous rank: 6)
CEO: Fujio Cho
Employees: 316,121
Address: 1 Toyota-cho
Toyota 471-8571
Country: Japan
Code:
Website: http://www.toyota.co.jp
6. Chevron
Rank: 6 (Previous rank: 7)
CEO: David J. O’Reilly
Employees: 65,035
Address: 6001 Bollinger Canyon Rd.
San Ramon, California 94583
Country: U.S.
Code:
Website: http://www.chevron.com
7. ING Group
Rank: 7 (Previous rank: 13)
CEO: Michel Tilmant
Employees: 120,282
Address: Amstelveenseweg 500
Amsterdam 1081
Country: Netherlands
Code:
Website: http://www.ing.com
8. Total
Rank: 8 (Previous rank: 10)
CEO: Christophe de Margerie
Employees: 96,442
Address: 2 Pl. de la Coupole
Courbevoie 92400
Country: France
Code:
Website: http://www.total.com
9. General Motors
Rank: 9 (Previous rank: 5)
CEO: G. Richard Wagoner Jr.
Employees: 266,000
Address: 300 Renaissance Center
Detroit, Michigan 48265
Country: U.S.
Code:
Website: = http://www.gm.com
It was a tough year for GM, as it suffered a loss of nearly $39 billion and continues to lose market share to Japanese rivals Toyota and Honda. But, with a diverse portfolio of brands, General Motors did hit some international milestones; combined with its local partners, it was the first automaker to sell 1 million vehicles in China, and sales increased 74% in India. Even with its commitment to emerging markets, though, the company spent much of 2007 handling labor issues back home.
10. ConocoPhillips
Rank: 10 (Previous rank: 9)
CEO: James J. Mulva
Employees: 32,600
Address: 600 N. Dairy Ashford Rd.
Houston, Texas 77079
Country: U.S.
Code:
Website: http://www.conocophillips.com
11. Daimler
Rank: 11 (Previous rank: 08)
CEO: Dieter Zetsche
Employees: 272,382
Address: Mercedesstrasse 137
Stuttgart 70327
Country: Germany
Code:
Website: www.daimler.com
12. General Electric
Rank: 12 (Previous rank: 11)
CEO: Jeffrey R. Immelt
Employees: 327,000
Address: 3135 Easton Turnpike
Fairfield, Connecticut 6828
Country: U.S.
Code:
Website: http://www.ge.com
The “G” in “GE” might as well stand for “global.” The iconic American company now derives about half of its $176.7 billion in revenue from outside the United States. Not surprisingly, the conglomerate is currently looking shed some domestic businesses. Its appliance business is up for sale, and General Electric announced last year that GE Money would exit the troubled U.S. mortgage business.
13. Ford Motor
Rank: 13 (Previous rank: 12)
CEO: Alan R. Mulally
Employees: 246,000
Address: 1 American Rd.
Dearborn, Michigan 48126
Country: U.S.
Code:
Website: http://www.ford.com
A series of belt-tightening strategies, such as cutting plants and jobs and eliminating luxury brands, helped Ford narrow its loss to $2.7 billion in 2007. Revenue increased 7.7%, but U.S. sales fell 12%, and market share declined to 14.6% from 16% a year earlier. This year may be even tougher, as skyrocketing gas prices pull customers away from Ford’s current inventory of trucks and SUVs. It may take years for the automaker’s restructuring plans to bear fruit.
14. Fortis
Rank: 14 (Previous rank: 20)
CEO: Jean-Paul Votron
Employees: 62,009
Address: Rue Royale 20
Brussels 1000
Country: Belgium/Netherlands
Code:
Website: http://www.fortis.com
15. AXA
Rank: 15 (Previous rank: 15)
CEO: Henri de Castries
Employees: 103,534
Address: 25 Ave. Matignon
Paris 75008
Country: France
Code:
Website: http://www.axa.com
16. Sinopec
Rank: 16 (Previous rank: 17)
CEO: Su Shulin
Employees: 634,011
Address: A6 Huixindong St.
Beijing 100029
Country: China
Code:
Website: http://www.sinopecgroup.com.
17. Citigroup
Rank: 17 (Previous rank: 14)
CEO: Vikram S. Pandit
Employees: 380,500
Address: 399 Park Ave.
New York, New York 10043
Country: U.S.
Code:
Website: http://www.citigroup.com
18. Volkswagen
Rank: 18 (Previous rank: 16)
CEO: Martin Winterkorn
Employees: 329,305
Address: Brieffach 1848-2
Wolfsburg 38436
Country: Germany
Website: Volkswagen Deutschland
19. Dexia Group
Rank: 19 (Previous rank: 36)
CEO: Axel Miller
Employees: 35,202
Address: Place Rogier 11
Brussels 1210
Country: Belgium
Code:
Website: www.dexia.com
20. HSBC Holdings
Rank: 20 (Previous rank: 22)
CEO: Michael F. Geoghegan
Employees: 322,282
Address: 8 Canada Sq.
London E14 5HQ
Country: Britain
Code:
Website: http://www.hsbc.com
Strong growth in Asia helped the bank to cushion billions of losses it took in the U.S. market due to the subprime mortgage crisis. Overall profit was up 21% from a year ago. As the bank tried to clean up its troubled U.S. mortgage loans, it focused on developing businesses in emerging markets. In 2007, HSBC expanded into Japan, Vietnam, South Korea and India by launching new branches and services.
21. BNP Paribas
Rank: 21 (Previous rank: 25)
CEO: Baudouin Prot
Employees: 162,700
Address: 16 Blvd. des Italiens
Paris 75009
Country: France
Code:
Website: http://www.bnpparibas.com
BNP Paribas posted a 16.8% jump in net profit last year, as it withstood the credit crisis better than some of its European and U.S. counterparts. Thanks to solid growth in consumer credit, retail banking in emerging markets and asset management, France’s largest bank (in market value) increased its total revenue by 28.9% to $140.7 billion last year. That pushed BNP Paribas up another four spots on our list.
22. Allianz
Rank: 22 (Previous rank: 19)
CEO: Michael Diekmann
Employees: 181,207
Address: Königinstrasse 28
Munich 80802
Country: Germany
Code:
Website: http://www.allianz.com
Despite a series of natural disasters in Europe and the subprime crisis in the United States, Allianz’s growth did not slow in 2007. Following a strong performance in 2006, the company’s overall revenue grew 12%, while profit climbed 23.8%. Three of its four units - life insurance, non-life insurance and asset management - contributed to the improved profit.
23. Crédit Agricole
Rank: 23 (Previous rank: 18)
CEO: Georges Pauget
Employees: 163,126
Address: 91-93 Blvd. Pasteur
Paris 75015
Country: France
Code:
Website:http://www.credit-agricole-sa.fr
24. State Grid
Rank: 24 (Previous rank: 29)
CEO: Liu Zhenya
Employees: 1,486,000
Address: 86 Xichang’an Ave.
Beijing 100031
Country: China
Code:
Website: www.sgcc.com.cn
25. China National Petroleum
Rank: 25 (Previous rank: 24)
CEO: Jiang Jiemin
Employees: 1,117,345
Address: 6 Liupukang St.
Beijing 100724
Country: China
Code:
Website: http://www.cnpc.com.cn
China’s largest oil and gas company jumped one position in the Global 500 rankings on a 17% increase in sales. The company’s future seems secure: It recently announced the discovery of the Nanpu oil field, the biggest oil field China has located in the past three decades, according to the company’s annual report. China National Petroleum also newly identified 565.2 billion cubic meters of natural gas in Sulige Gas Province, which was China’s first gas field with a proven reserve of more than 1 trillion cubic meters.
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