2008 Change

Fortune Global 500 Revenues $25.2 trillion 6.6%

Profits $822 billion -48.3%

Rank Revenues ($ millions)

04 05 06 07 08 Company 2004 2005 2006
4 3 3 3 1 Royal Dutch Shell Netherlands $268,690 $306,731 $318,845
3 1 2 2 2 Exxon Mobil U.S. $270,772 $339,938 $347,254
1 2 1 1 3 Wal-Mart Stores U.S. $287,989 $315,654 $351,139
2 4 4 4 4 BP Britain $285,059 $267,600 $274,316
11 6 7 6 5 Chevron U.S. $147,967 $189,481 $200,567
10 12 10 8 6 Total France $152,610 $152,361 $168,357
12 10 9 10 7 ConocoPhillips U.S. $121,663 $166,683 $172,451
17 13 13 7 8 ING Group Netherlands $105,886 $138,235 $158,274
23 17 16 9 Sinopec China $75,077 $98,785 $131,636
7 8 6 5 10 Toyota Motor Japan $172,616 $185,805 $204,746
11 Japan Post Holdings Japan
9 11 11 12 12 General Electric U.S. $152,866 $157,153 $168,307
46 39 24 25 13 China National Petroleum China $67,724 $83,557 $110,520
15 17 16 18 14 Volkswagen Germany $110,649 $118,377 $132,323
32 29 24 15 State Grid China $71,290 $86,696 $107,342
19 16 Dexia Group Belgium $20,292 $72,814 $95,847
33 27 26 27 17 ENI Italy $74,228 $92,603 $109,014
5 5 5 9 18 General Motors U.S. $193,517 $192,604 $207,349
8 9 12 13 19 Ford Motor U.S. $172,233 $177,210 $160,126
14 19 22 20 Allianz Germany $118,937 $121,406 $125,346
36 26 22 20 21 HSBC Holdings Britain $72,550 $93,494 $115,361
22 Gazprom Russia
6 7 8 11 23 Daimler Germany $176,688 $186,106 $190,191
34 25 21 24 BNP Paribas France $68,654 $85,687 $109,214
22 25 25 Carrefour France $90,382 $94,455
26 E.ON Germany
27 PDVSA Venezuela
28 ArcelorMittal Luxemborg
29 29 AT&T U.S.
21 22 27 30 Siemens Germany $91,493 $100,099 $107,835

Notes
Japan Post Holdings began operations on October 1, 2007, with the amalgamation of Japan Post Bank, Japan Post Network, Japan P
General Motors went into Chapter 11 bankruptcy, June 1, 2009. The U.S. Government owns approximately 60% of the company
enues ($ millions) Profit ($ millions)
2007 2008 2004 2005 2006 2007 2008
$355,782 $458,361 $18,183 $25,311 $25,442 $31,331 $26,277
$372,824 $442,851 $25,330 $36,130 $39,500 $40,610 $45,220
$378,799 $405,607 $10,267 $11,231 $11,284 $12,731 $13,400
$291,438 $367,053 $15,371 $22,341 $22,000 $20,845 $21,157
$210,783 $263,159 $13,328 $14,099 $17,138 $18,688 $23,931
$187,280 $234,674 $11,955 $15,250 $14,765 $18,042 $15,500
$178,558 $230,764 $8,129 $13,529 $15,550 $11,891 ($16,998)
$201,516 $226,577 $7,423 $8,959 $9,651 $12,649 ($1,067)
$159,260 $207,814 $1,269 $2,668 $3,703 $4,166 $1,961
$230,201 $204,352 $10,898 $12,120 $14,056 $15,042 ($4,349)
$198,700 $4,208
$176,656 $183,207 $16,819 $16,353 $20,829 $22,208 $17,410
$129,798 $181,123 $8,757 $12,950 $13,265 $14,925 $10,271
$149,054 $166,579 $842 $1,392 $3,449 $5,639 $6,957
$132,885 $164,136 $694 $2,398 $2,238 $4,423 $664
$147,648 $161,269 $2,204 $2,532 $3,450 $3,467 ($4,868)
$120,565 $159,348 $9,047 $10,920 $11,564 $13,703 $12,917
$182,347 $148,979 $2,805 ($10,567) ($1,978) ($38,732) ($30,860)
$172,468 $146,277 $3,487 $2,024 ($12,613) ($2,723) ($14,672)
$140,618 $142,395 $2,735 $5,442 $8,809 $10,904 ($3,577)
$146,500 $142,049 $11,840 $15,873 $15,789 $19,133 $5,728
$141,455 $29,864
$177,167 $140,328 $3,067 $3,536 $4,049 $5,446 $1,973
$140,618 $136,096 $5,806 $7,272 $9,169 $10,706 $4,422
$129,134 $1,725 $1,784 $1,862
$127,278 $1,853
$126,364 $7,451
$124,936 $9,399
$118,928 $124,028 $11,951 $12,867
$123,595 $4,145 $2,855 $9,777 $8,595

t Bank, Japan Post Network, Japan Post Service and Japan Post Insurance
proximately 60% of the company
Fortune Global 500 - Commercial Banks

Rank Revenues ($ millions)

04 05 06 07 08 Company 2004 2005 2006
1 1 ING Group Netherlands
33 11 10 4 2 Dexia Group Belgium $20,292 $72,814 $95,847
3 4 5 5 3 HSBC Holdings Britain $72,550 $93,494 $115,361
4 5 6 6 4 BNP Paribas France $68,654 $85,687 $109,214
19 17 16 5 Banco Santander Spain $31,804 $53,849 $68,051
5 7 4 9 6 Bank of America Corp. U.S. $63,324 $83,980 $117,017
6 13 13 12 7 Royal Bank of Scotland Britain $59,750 $71,164 $80,983
1 1 1 3 8 Citigroup U.S. $108,276 $131,045 $146,777
17 14 12 13 9 Societe Generale France $32,411 $64,442 $84,486
7 3 2 7 10 Credit Agricole France $59,054 $110,765 $128,481
9 8 8 11 11 J.P. Morgan Chase & Co. U.S. $56,931 $79,902 $99,973
34 36 18 18 12 UniCredit Group Italy $19,528 $22,231 $59,119
11 9 9 8 13 Deutsche Bank Germany $55,670 $76,228 $96,152
14 18 17 16 14 Barclays Bank Britain $39,347 $50,634 $65,609
28 27 26 24 15 Industrial & Commercial Bank of China China $23,445 $29,167 $36,833
12 10 14 14 16 HBOS Britain $47,756 $75,799 $79,239
17 Morgan Stanley U.S. $39,549 $52,498 $76,688
20 23 23 22 18 Groupe Caisse d'Epargne France $29,175 $34,245 $41,016
30 48 24 25 19 Banco Bilbao Vizcaya Argentaria Spain $21,336 $16,340 $38,309
10 6 7 10 20 UBS Switzerland $56,918 $84,708 $107,835
36 34 34 28 21 China Construction Bank China $19,048 $22,771 $28,532
20 20 20 22 Mitsubishi UFJ Financial Group Japan $24,458 $37,926 $52,102
23 Goldman Sachs Group U.S. $29,839 $43,391 $69,353
44 26 24 Intesa Sanpaolo Italy $20,791
15 19 21 23 25 Wells Fargo U.S. $33,876 $40,407 $47,979
26 Bank of China China
27 Banco Bradesco Brazil
28 Itausa-Investimentos Itau Brazil
29 Agricultural Bank of China China
30 30 Landesbank Baden-Wurttemberg Germany $23,944

Notes
J.P. Morgan Chase & Co. acquired Washington Mutual from the FDIC
HBOS was acquired by Lloyds TSB Group on January 16, 2009
Lloyds TSB Group changed name to Lloyds Banking Group on January 16, 2009, when it acquired HBOS
Wells Fargo acquired Wachovia Corp. on December 31, 2008
enues ($ millions) Profit ($ millions)
2007 2008 2004 2005 2006 2007 2008
$201,516 $226,577 $12,649 ($1,067)
$147,648 $161,269 $2,204 $2,532 $3,450 $3,467 ($4,868)
$146,500 $142,049 $11,840 $15,873 $15,789 $19,133 $5,728
$140,727 $136,096 $5,806 $7,271 $9,169 $10,707 $4,422
$117,803 $3,900 $7,729 $9,530 $12,992
$119,190 $113,106 $14,143 $16,465 $21,133 $14,982 $4,008
$108,392 $113,087 $8,267 $9,998 $11,762 $15,103 ($43,167)
$159,229 $112,372 $17,046 $24,589 $21,538 $3,617 ($27,684)
$103,443 $104,378 $3,887 $5,524 $6,551 $1,296 $2,942
$138,155 $103,582 $4,937 $7,434 $8,976 $8,172 $1,499
$116,353 $101,491 $4,466 $8,483 $14,444 $15,365 $5,605
$77,030 $94,036 $2,650 $3,069 $6,835 $8,159 $5,872
$122,644 $81,360 $3,075 $4,385 $7,510 $8,861 ($5,613)
$80,347 $75,136 $5,988 $6,265 $8,410 $8,837 $8,035
$51,526 $70,568 $279 $4,114 $6,179 $10,718 $15,948
$100,267 $62,400 $5,601 $5,870 $7,137 $8,093 ($13,751)
$87,879 $62,262 $4,486 $4,939 $7,472 $3,209 $1,707
$53,992 $61,551 $2,220 $2,573 $4,808 $1,871 ($2,949)
$51,449 $61,184 $3,485 $4,729 $5,942 $8,385 $7,348
$117,206 $59,882 $6,510 $11,257 $9,777 ($3,654) ($19,301)
$41,307 $57,977 $5,846 $5,749 $5,810 $9,079 $13,324
$55,988 $56,514 $3,149 $6,807 $7,532 $5,575 ($2,558)
$87,968 $53,579 $4,553 $5,626 $9,537 $11,599 $2,322
$48,305 $52,947 $3,211 $9,924 $3,737
$53,593 $51,652 $7,014 $7,671 $8,482 $8,057 $2,655
$51,317 $9,260
$50,930 $4,157
$50,216 $1,473
$48,063 $7,406
$46,137 $836 ($2,973)
Fortune Global 500 - Diversified Financials

Rank Revenues ($ millions)

04 05 06 07 08 Company 2004 2005 2006 2007
1 1 1 1 1 General Electric U.S. $152,866 $157,153 $168,307 $176,656
5 7 2 Cie Nationale a Portefeuille Belgium $16,615 $17,822
2 3 Fannie Mae U.S. $43,355
4 Citic Group China
5 Hypo Real Estate Holding Germany
2 2 2 3 Freddie Mac U.S. $32,564 $36,526 $44,002 $43,104
3 3 3 4 American Express U.S. $29,115 $30,080 $27,145 $32,316
5 GMAC U.S. $31,490
4 4 4 6 Countrywide Financial U.S. $14,051 $18,537 $24,445 $23,442

Notes
Fannie Mae as at September 2008, saw its' common stock become 79.9% owned by the U.S. Government
American Express became a commercial bank holding company on November 10, 2008
GMAC became a commercial bank holding company on September 21, 2008
Countrywide Financial was acquired by Bank of America Corp. on July 1, 2008
ons) Profit ($ millions)
2008 2004 2005 2006 2007 2008
$183,207 $16,819 $16,353 $20,829 $22,208 $17,410
$22,656 $1,145 $616 ($255)
$22,652 ($2,050) ($58,707)
$22,229 $2,050
$21,630 ($7,993)
$3,445 $2,130 $2,211 ($3,094)
$2,198 $3,734 $3,707 $4,012
($2,332)
$2,198 $2,528 $2,675 ($704)
Fortune Global 500 - Investment Banks

Rank Revenues ($ millions)

04 05 06 07 08 Company 2004 2005 2006 2007
3 3 3 1 Goldman Sachs Group U.S. $29,839 $43,391 $69,353 $87,968
1 1 1 2 Morgan Stanley U.S. $39,549 $52,498 $76,688 $87,879
2 2 2 3 Merrill Lynch U.S. $32,467 $47,783 $70,591 $64,217
4 4 4 4 Lehman Brothers Holdings U.S. $21,250 $32,420 $46,709 $59,003
5 5 Nomura Holdings Japan $15,835 $17,519
6 Bear Stearns U.S. $61,551

Notes
Goldman Sachs Group became a commercial bank holding company on September 21, 2008
Morgan Stanley became a commercial bank holding company on September 21, 2008
Merrill Lynch was acquired by Bank of America Corp. on Jan 1, 2009
Lehman Brothers Holdings went into Chapter 11 bankruptcy in 2008
Nomura Holdings acquired part of Lehman Brothers Asian operations
Bear Stearns was acquired J.P. Morgan Chase & Co.
ons) Profit ($ millions)
2008 2004 2005 2006 2007 2008
$4,553 $5,626 $9,537 $11,599
$4,486 $4,939 $7,472 $3,209
$4,436 $5,116 $7,499 ($7,777)
$2,369 $3,260 $4,007 $4,192
$2,688 $1,503
$2,054
Fortune Global 500 - Fallen Global Giants

Rank Revenues ($ millions)

04 05 06 07 08 Company 2004 2005 2006
30 18 20 14 Fortis Netherlands $75,518 $112,351 $121,202
13 15 15 15 73 AXA France $121,606 $129,839 $139,738
16 14 14 17 39 Citigroup U.S. $108,276 $131,045 $146,777
60 19 18 23 46 Credit Agricole France $59,054 $110,765 $128,481
19 20 23 35 American International Group (AIG) U.S. $100,545 $108,905 $113,194

Fortis sold most of its operations to the governments of the Netherlands, Belgium and Luxemburg as well as BNP Paribas, under a d
in October 2008 and amended in January 2009. Shareholders where left with a mix of international insurance activities and part of a
Fortis losses in 2008 were reported to be 22.5 billion euro; however, it recorded 43 million euro in 1st quarter profits for 2009
American International Group (A.I.G.) saw most of its shareholding acquired by the US Government and was removed from the Dow
enues ($ millions) Profit ($ millions) % Change in Profits
2007 2008 2004 2005 2006 2007 2008 2005 2006 2007 2008
$164,877 $4,177 $4,896 $5,459 $5,467 17.2% 11.5% 0.1%
$162,762 $80,257 $3,133 $5,187 $6,380 $7,755 65.5% 23.0% 21.6% -100.0%
$159,229 $112,372 $17,046 $24,589 $21,538 $3,617 ($27,684) 44.3% -12.4% -83.2% -865.4%
$138,155 $103,582 $4,937 $7,434 $8,976 $8,172 50.6% 20.7% -9.0% -100.0%
$110,064 $11,104 $9,731 $10,477 $14,048 $6,200 ($99,289) 7.7% 34.1% -55.9% -1701.4%

urg as well as BNP Paribas, under a deal brokered by the Belgium government
onal insurance activities and part of a portfolio of toxic assets
o in 1st quarter profits for 2009
ment and was removed from the Dow Jones Industrial Average in late 2008
e in Profits Profits as % of revenues
AVG 05-08 04 05 06 07 08
9.6% 5.5% 4.4% 4.5% 3.3%
2.5% 2.6% 4.0% 4.6% 4.8% 0.0%
-229.2% 15.7% 18.8% 14.7% 2.3% -24.6%
-9.4% 8.4% 6.7% 7.0% 5.9% 0.0%
-428.9% 9.7% 9.6% 12.4% 5.6% -894.2%
 FORTUNE MAGAZINE

THE WORLD'S MOST ADMIRED COMPANIES

THE WORLD'S TOP 20 AMERICA'S TOP 20

1 Apple 1 Apple
2 General Electric 2 Bershire Hathaway
3 Toyota Motor 3 General Electric
4 Bershire Hathaway 4 Google
5 Proctor & Gamble 5 Toyota Motor
6 FedEx 6 Starbucks
7 Johnson & Johnson 7 FedEx
8 Target 8 Proctor & Gamble
9 BMW 9 Johnson & Johnson
10 Microsoft 10 Goldman Sachs
11 Costco Wholesale 11 Target
12 UPS 12 Southwest Airlines
13 IBM (tie) 13 American Express
14 PepsiCo (tie) 14 BMW (tie)
15 Cisco Systems 15 Costco Wholesale (tie)
16 Boeing 16 Microsoft
17 Wal-Mart Stores 17 UPS
18 Honda Motor 18 Cisco Systems
19 Coca-Cola 19 3M
20 Caterpillar 20 Nordstrom

Source: Fortune Magazine, March 17, 2008, Issue No.5, Europe Edition, page 38-39