Wal-Mart Stores Inc. (U.S.) unseated Royal Dutch Shell (Netherlands) to grab the top stop of the Fortune Global 500 list, with a 4.6 percent annual increase in earnings to $140.9 billion. Sinopec Group (China) occupied third place in the list.
The Fortune Global 500 has a record 17 female chief executive officers, including newcomers Mary Barra (General Motors), Nishi Vasudeva (Hindustan Petroleum), Arundhati Bhattacharya (State Bank of India) and Lynn Good (Duke Energy).
The magazine’s annual ranking of the world’s largest corporations by revenue was dominated by U.S. companies, boasting 128 spots. Chinese companies took 95 slots, and Japan 57. There are 150 European companies on this year’s list, compared to 151 last year.
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