PETALING JAYA: Petroliam Nasional Bhd (Petronas) maintained its lead, in terms of return on revenue among Asia's top 50 companies and the global petroleum refining industry, in this year's Fortune Global 500 list.
Of the 20 most profitable companies in the world, Petronas ranked 18th, with profits of US$12.9bil, according to Fortune magazine's July 23 issue.
The national oil company, which posted revenue growth of 14.9% to US$51bil for the year ended March 31, also moved up two places as Asia's 18th largest corporation in this year's list.
Under the petroleum refining industry, ExxonMobil took the top spot in terms of profits (US$39.5bil) followed by Royal Dutch Shell in second place (US$25.4bil) and BP (US$22bil) third.
Retail giant Wal-Mart Stores reclaimed the top spot on the Global 500 on revenue of US$351.1bil, making it the largest company in the world for the fifth time in six years, Fortune said. Three carmakers, led by General Motors (US$207.3bil), made up the rest of the world's 10 biggest companies.
According to Fortune, the US has the most global 500 companies (162) followed by Japan (67) and France (38).
It said the securities industry saw the biggest sales increase, with revenues rising 45% while the entertainment business saw the biggest jump in profit of 79%.
Among this year's newcomers to the Global 500 list were Taiwan's Asustek Computer and South Korea's Hyundai Heavy Industries, ranked 427 and 422 respectively.
Fortune also found that more women were running Fortune Global 500 companies this year. “Currently, 10 Fortune Global 500 companies are run by women. Last year, only seven were,” it added.
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