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Dah Hui Lau (David)Knowledge grows through sharing! To be the best, learn from the best! May all your dreams come true! |
Fortune Global 500: The World's Largest Corporations
Posted on 07/16/2007 12:56:04 | Link | Post Comment
Rising oil prices and a global glut of mergers and acquisitions meant another year of record profits for old-economy companies, putting them at the top of Fortune's annual list.
Just seven years ago Fortune was predicting that high-flying tech companies would soon displace the oil and auto giants that had been hogging the limelight at the top of the Global 500.
Well, look who's still riding high: Six of the top ten companies on this year's list are pumping petroleum, and three more are making vehicles that burn it. True, Wal-Mart regained its title as the world's largest company, with $351.1 billion in revenue.
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Examples
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