Petroliam Nasional Bhd (Petronas) – The national oil company, which posted revenue growth of 40.9% The national oil company, which posted revenue growth of 14.9% with profits of US$18.1 billion is ranked the world’s 8th most profitable company in the recently published ranking by Fortune magazine.
Top 10 most profitable companies- 2008 ranking (click to see larger image) (source: here)
Petronas is ranked among the big guns in the world namely – Exxon Mobil, Royal Dutch Shell, BP, HSBC, J.P Morgan, General Electric and so on. As you can see, the top 10 most profitable companies are dominated by oil operators – lead by Exxon Mobil (again) in first, followed by 5 others – Royal Dutch Shell, BP, Chevron, Total and Petronas. Notice that Petronas posted the highest profit growth of 40.9% among the top ten most profitable companies.
Most profitable companies – 2007 ranking (click to see larger image) (source: here)
Petronas also moved up ten places from the previous 18th place and now is standing proud as Asia’s most profitable company. Petronas is the only Malaysian company in the list of Fortune Global 500 list. Under the petroleum refining industry, ExxonMobil took the top spot in terms of profits (US$40.6bil) followed by Royal Dutch Shell in second place (US$31.3bil) and BP (US$20.8bil) third.
Petroleum refinining industry companies ranking by revenues, profits. (Click to see larger image) source: here)
Malaysia’s Petronas is ranked 16th in terms of revenue but in terms of profits, it is ranked 5th, just behind Chevron. With the achievement, Petronas beats the likes of Toyota, Bank of America, Microsoft, Vodafone, Wal-Mart, Nokia, Barclays, Goldman Sachs and a host of other industry leaders.