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The US-based Fortune magazine issued the Fortune Global 500 enterprises list for 2014 on the night of July 7. With the gross revenue at USD 148.803 billion in 2013, ICBC ranked the 25th in the list of Fortune Global 500, up from last year’s 29th position, which was the best score of the Bank in the list. Meanwhile, the Bank continued to rank the top in the sub-list of commercial banks.
According to the Fortune’s ranking result measured by gross revenue in 2013, Wal-Mart Stores regained the first place with gross revenue at USD 476.294 billion, while Royal Dutch Shell ranked the second with gross revenue at USD 459.599 billion. Sinopec Group ranked the third with gross revenue at USD 457.201 billion, posting the best record of Chinese enterprises in the Fortune Global 500 list. China National Petroleum, Exxon Mobil, British Petroleum, State Grid Corporation of China, Volkswagen, Toyota Motor, Glencore International ranked from the fourth to tenth.
By earnings, ICBC ranked the fourth with a net profit of USD 42.718 billion, while the top three were Vodafone Group, Fannie Mae and Freddie Mac. The Bank’s ranking was unchanged from last year. Vodafone Group saw profits jump by 13,794.0% to USD 94.132 billion. Due to the recovery of the US real estate market, Fannie Mae and Freddie Mac earned profits of USD 83.963 billion and USD 48.658 billion, respectively, becoming the Fortune Global 500 enterprises with the highest profits in the US this year.
Schedule 1: Top ten Fortune Global 500 enterprises by gross revenue and some selected Chinese Mainland enterprises
| Ranking in 2014 |
Ranking in 2013 |
Enterprise |
Country |
Total operating income (in USD millions) |
| 1 |
2 |
Wal-Mart Stores |
US |
476,294 |
| 2 |
1 |
Royal Dutch Shell |
The Netherlands |
459,599 |
| 3 |
4 |
Sinopec Group |
China |
457,201 |
| 4 |
5 |
China National Petroleum |
China |
432,008 |
| 5 |
3 |
Exxon Mobil |
US |
407,666 |
| 6 |
6 |
British Petroleum |
UK |
396,217 |
| 7 |
7 |
State Grid Corporation of China |
China |
333,387 |
| 8 |
9 |
Volkswagen |
Germany |
261,539 |
| 9 |
8 |
Toyota Motor Corporation |
Japan |
256,455 |
| 10 |
12 |
Glencore International |
Switzerland |
232,694 |
| 25 |
29 |
Industrial and Commercial Bank of China |
China |
148,803 |
| 38 |
50 |
China Construction Bank |
China |
125,398 |
| 47 |
64 |
Agricultural Bank of China |
China |
115,392 |
| 52 |
80 |
China State Construction Engineering Corporation |
China |
110,812 |
| 55 |
71 |
China Mobile Communications Corporation |
China |
107,647 |
| 59 |
70 |
Bank of China |
China |
105,623 |
| 79 |
93 |
China National Offshore Oil Corporation |
China |
95,972 |
| 80 |
100 |
China Railway Engineering Corporation |
China |
95,747 |
| 85 |
103 |
Shanghai Automotive Co., Ltd. |
China |
92,025 |
| 86 |
102 |
China Railway Group Limited |
China |
91,153 |
| 98 |
111 |
China Life Insurance (Group) Company |
China |
80,909 |
Data source: FORTUNEChina.com
Schedule 2: Top ten Fortune Global 500 enterprises by net profit
| Ranking in 2014 |
Ranking in 2013 |
Enterprise |
Country |
Net profit (in USD millions) |
Changes (%) |
| 1 |
342 |
Vodafone Group |
UK |
94,132 |
13794.0% |
| 2 |
15 |
Fannie Mae |
US |
83,963 |
387.6% |
| 3 |
36 |
Freddie Mac |
US |
48,668 |
343.2% |
| 4 |
4 |
Industrial and Commercial Bank of China |
China |
42,718 |
13.0% |
| 5 |
2 |
Apple Inc. |
US |
37,037 |
-11.3% |
| 6 |
3 |
Gazprom |
Russia |
35,769 |
-6.1% |
| 7 |
5 |
China Construction Bank |
China |
34,913 |
14.0% |
| 8 |
1 |
Exxon Mobil |
US |
32,580 |
-27.4% |
| 9 |
12 |
Samsung Electronics Corporation |
ROK |
27,245 |
32.4% |
| 10 |
9 |
Agricultural Bank of China |
China |
27,050 |
17.6% |
Data source: FORTUNEChina.com.
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