Among the Indian companies, which also include Reliance Industries, BPCL, HPCL, SBI and ONGC, only Tata Motors has managed to improve the ranking and other seven have fallen.

Globally, Wal-Mart has pushed energy giant Royal Dutch Shell to the second position in the 2014 list, followed by Chinese majors - Sinopec Group and China National Petroleum - at third and fourth place respectively.
Exxon Mobil is ranked fifth, taking the total number of US companies on the list to 128. There are 95 Chinese firms and 150 others from Europe on the list, which rank firms across the world on the basis of their annual revenues.

Wal-Mart has topped the list with revenues of USD 476.29 billion, while that of IOC is USD 81.32 billion.

IOC is the only Indian company which features in the top 100 list. It is presently placed at 96th position.

There are five state-run and three private sector companies including two from Tata group (Tata Motors and Tata Steel).
Reliance Industries is placed at 114th position, followed by Bharat Petroleum (242), Hindustan Petroleum (284), Tata Motors (287), State Bank of India (303), ONGC (424) and Tata Steel (486).
Tata Motors has moved up from 316th position last year.
Fortune magazine said that there were record number of 17 women as CEOs of Fortune Global 500 companies, which include two first timers from India - HPCL's Nishi Vasudeva and SBI's Arundhati Bhattacharya.
"After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013. They racked up combined revenues of USD 31.1 trillion, up 2.5 percent from 2012, and the profits soared 27 percent to nearly USD two trillion," the magazine said.

Other companies in the top ten include BP (sixth rank), State Grid (seventh), Volkswagen (eighth), Toyota (ninth) and Glencore (tenth).
Warren Buffett-led Berkshire Hathaway is ranked 14th while Apple is at the 15th place.


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