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Exxon Mobil tops Fortune list of Global 500: Shell next in terms of profitability

In terms of profitability among the 500 firms, Exxon Mobil was at the top, followed by Royal Dutch Shell (25.3 billion dollars)”

Huge profits has propelled Exxon Mobil Corp. to the top of the 2006 Fortune Global 500 list, and pushed aside Wal-Mart Stores Inc. to the No. 2 spot on the magazine’s annual ranking of global largest 500 companies.

The list, which will published in Fortune’s July 24 issue, pegs Exxon Mobil’s 2005 revenue at about 340 billion U.S. dollars, with profits of 36 billion. Wal-Mart made a profit of about 11 billion dollars on revenue of 316 billion.

The Fortune ranking is based on revenues, and five of the top 10 companies on the list came from the oil industry due to the skyrocketing energy prices.

Rounding out the top 10 on the list were Royal Dutch Shell; BP; General Motors; Chevron Corp; Daimler Chrysler; Toyota Motor Co.; Ford Co and ConocoPhillips.

In terms of profitability among the 500 firms, Exxon Mobil was at the top, followed by Royal Dutch Shell (25.3 billion dollars); Citigroup (24.6 billion dollars); BP (22.3 billion dollars); Bank of America (16.5 billion); General Electric (16.4 billion) and HSBC Holdings (15.9 billion).

Source: Xinhua

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