PetroChina continues to occupy second place in Global 500 list

International Energy Network News: Beijing time early morning on July 1, the British Financial Times recently announced the latest Global 500 list, showing that ExxonMobil and CNPC continue to occupy the world's first and second largest companies by market value throne.

According to the report, the total market value of the Fortune 500 companies has increased by 12% from US$23.5 trillion last year to US$26.2 trillion. This is in line with the 12% increase in US dollar terms in the FTSE Global Index. The 500th National Bank of Qatar had a market value of 19.2 billion U.S. dollars, which is higher than the 16 billion U.S. dollars worth of Sime Darby.

Data shows that banks and oil companies are still the two highest-valued companies in the world’s top 500 companies, with 4.436 trillion US dollars and 383.6 million US dollars. The mining sector's ranking rose from ninth to fifth place, and the market value rose by 4.1% to $1.067 trillion.

The Financial Times Global 500 list is calculated based on the company's market value as of March 31, 2011. Companies participating in the rankings require at least 15% of the shares outstanding, excluding the value of non-tradable shares, and investment companies do not participate in the rankings. The countries of the world’s top 500 companies are based on the company’s registered location, the major listed trading venues and the location of the market.

In the list published, ExxonMobil of the United States continued to top the list with a market value of USD 417.2 billion; China National Petroleum Corporation and Industrial and Commercial Bank ranked second and fourth with US$326.2 billion and US$251.1 billion respectively, and Apple ranked US$321.1 billion with market capitalization. three.

Ranked fifth is the Brazilian national oil company, with a market value of US$247.4 billion; the mining giant BHP Billiton listed in the UK and Australia ranks sixth in the top 500 with US$247 billion, and is also the No. 1 in the mining sector.

Among the top 500 global financial companies, China Construction Bank ranked seventh with US$232.6 billion, and the top ten were Royal Shell listed in the United Kingdom with a market capitalization of US$228.1 billion and Chevron Oil and Microsoft’s market capitalization of 215.8 billion respectively. The dollar and 213.3 billion U.S. dollars.

The top 30 Chinese companies also ranked 16th, China Mobile listed in Hong Kong and the 29th ranked Chinese Bank. Agricultural Bank of China ranks 34th on the list with a market value of US$141.3 billion.

According to the Financial Times Global 500 ranking rules, China Telecom did not enter the global top 500 because of a large number of non-tradable shares. If the value of this part of the stock is calculated, the ranking will soar to 161.