Occidental Petroleum ranks No. 412 on FORTUNEs list of the Worlds Largest Companies
Occidental Petroleum ranks no. 412 on FORTUNE’s Global 500 this year, with $16.3 billion in revenues, up 40.3% from the previous year. Its 2005 profits were $5.3 billion, up 105.6% from a year earlier.
2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year’s list – up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world’s GDP.
In the Mining, Crude-Oil Production industry, profits were up 77% from the previous year. The world’s biggest companies in the sector are: BHP Billiton (Charts), ranked no. 195 on the Global 500 with $29.6 billion in revenues; Anglo American plc (Charts), ranked no. 196 on the Global 500 with $29.4 billion in revenues; RAG Aktiengesellschaft, ranked no. 214 on the Global 500 with $27.8 billion in revenues; Rio Tinto Group, ranked no. 310 on the Global 500 with $20.7 billion in revenues; and EnCana (Charts), ranked no. 396 on the Global 500 with $16.8 billion in revenues.
The Global 500 list is an annual ranking of the world’s largest corporations by revenues.
