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The top 10 companies of the 2018 Fortune Global 500. (Source: Fortune 500)
The top 10 companies of the 2018 Fortune Global 500. (Source: Fortune 500)
Photo: 12

The list of 2018 Fortune Global 500 was announced. The world’s 500 largest companies generated US$30 trillion in revenues and US$1.9 trillion in profits in 2017. According to the list, the top three companies are Walmart, State Grid and Sinopec.

Among the companies on the list, the no. of companies represented by the US is 126. China comes close with 120 companies. Meanwhile, Japan has 52 companies on the list.

Compared to 2017, the revenues generated by the 500 companies recorded an increase of 8.3% year on year. The amount of profits generated is a record high with an increase of 23%.

BASF secures the top position in the chemical industry

In the Chemical industry, BASF secures its top position with revenues of US$72,677 million. The chemical giant ranks 112 on the 2018 Fortune Global 500.

DowDuPont consolidates the second place in the chemical industry with revenues of US$62,683 million. The company continues its long metamorphosis from two diversified chemical giants into three more focused businesses. It ranks 147 on the overall list.

ChemChina (中国化工集团公司) holds the third place in the chemical industry with revenues of US$57,989 million. The Chinese company ranks 167 on the overall list.

Other chemical companies which are on the list are SABIC (281), LyondellBasell Industries (338), Mitsubishi Chemical Holdings (352) and 3M (376).

Toyota the leader in the automotive industry

In the motor vehicles and parts industry, the top three companies are Toyota Motor (6), Volkswagen (7) and Daimler (16) respectively.

The top 10 companies in the industry include: General Motors (21), Ford Motor (22), Honda Motor (30), SAIC Motor (上汽集团)(36), BMW Group (51), Nissan Motor (54), Dongfeng Motor (东风汽车) (65).

It is noteworthy that there are two Chinese manufacturers in the top 10 list for the automotive industry, which are SAIC Motor and Dongfeng Motor.

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