Indian PSUs fare well in 2007 Fortune Global 500 List

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Reliance holds the 269th position in terms of sales, 179th in profits, 299th in term of assets and 190th in shareholder equity as it features as the 350th largest company among the top 500 corporate bodies.

All five oil companies figure among the top 40 petroleum refining companies in the global 500 list.

State-run State Bank of India (SBI)which made its debut on the list last year, improved its position by moving up three spots to 485th.

The US-based retail giant Wal-Mart tops the Fortune Global 500 list, pushing aside last year's topper energy major Exxon Mobil to the No. 2 spot.

The list, which was released Wednesday, July 11, has put Wal-Mart's 2006 revenue at about $351 billion, with profits of $11.2 billion.

Exxon Mobil made a profit of about $39.5 billion dollars on revenue of $347 billion.

The Fortune ranking is based on revenues, and six 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; Toyota Motor Co.; Chevron Corp; Daimler Chrysler; ConocoPhillips and Total.

In terms of profitability among the 500 firms, Exxon Mobil was at the top, followed by Royal Dutch Shell ($25.4 billion); UAL ($22.9 billion) and BP ($22 billion dollars).

Interestingly, British mobile giant Vodafone, which is ranked 95th in the list, is among the top money losers with a loss of $10.2 billion in 2006.

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