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Producers Sway Top 20 in Fortune Global 500

The latest Fortune Global 500 for 2014 again is weighted to oil and natural gas producers, with China strengthening from a year ago.

The 2012 and 2013 leader Royal Dutch Shell plc was toppled and moved into the No. 2 spot by WalMart Stores at No. 1 (see Daily GPI, July 9, 2013). China's Sinopec Group and China National Petroleum captured the third and fourth spots, followed by ExxonMobil Corp.

"Global business is back," said Fortune’s Stephanie N. Mehta. "After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records" last year, with combined revenues of $31.1 trillion, up 2.5% from 2012, while profits jumped 27% to nearly $2 trillion.

Global businesses were ranked for the annual survey by total revenues for their respective fiscal years ended by March 31, 2014. All companies on the list have to publish financial data and report part or all of their figures to a government agency. Figures are as reported originally.

Worldwide producers and energy-heavy companies in the Global 500 were No. 6, BP plc; 11, Total SA; 12, Chevron; 14, Berkshire Hathaway; 17, OAO Gazprom; 18, E.ON; and No. 19, Phillips 66.

"China's 95 companies (up from 89 last year) posted $5.8 trillion in revenues," Mehta wrote.

"The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list, including No. 1 Wal-Mart Stores, reporting $8.6 trillion in revenues."

For the first time, Canadian pipeline company Enbridge Inc. made the Global 500 listing, debuting at No. 377. It also was Energy Transfer Partners LP's initial listing on the Global 500 at No. 213, and the first listing for Plains GP Holdings LP at No. 257.

The Fortune 500, which includes companies that are incorporated in the United States, operate in the United States and file financial statements with a government agency, also remains energy-heavy. Excluded from the rankings are private companies not filing with a government agency.

The U.S. list is led by WalMart, followed by ExxonMobil, Chevron and Berkshire Hathaway.

U.S.-based exploration and production companies making the Fortune 500 list include No. 47, ConocoPhillips; 116, Occidental Petroleum Corp.; 142, Freeport-McMoRan Copper & Gold Inc.; 163, Chesapeake Energy Corp.; 179, Apache Corp.; 188, Marathon Oil Corp.; 202, Anadarko Petroleum Corp.; 203, EOG Resources Inc.; 270, Devon Energy Corp.; 434, Consol Energy Inc.; 470 Murphy Oil Corp.; and 491, Noble Energy Inc.

U.S. pipeliners on the Fortune 500 were No. 54, Energy Transfer; 56, Enterprise Products Partners LP; 70, Plains GP; 200, Oneok Inc; 206, Kinder Morgan Inc.; 395, Targa Resources Corp.; and 461, Spectra Energy Corp.

Domestic oilfield services providers were topped by No. 103, Halliburton Co.; 131, National Oilwell Varco Inc.; 132, Baker Hughes Inc.; 296, Cameron International Corp.; and 368, FMC Technologies Inc.

U.S. energy giants also making the U.S.-based Fortune 500 were No. 380, Williams; and 414, Calpine Corp.

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