Web table 29.

The world's top 100 non-financial TNCs, ranked by foreign assets, 2010a
(Millions of dollars and number of employees)

Ranking by: Assets Sales Employment

Foreign b c d TNI b
TNI Corporation Home economy Industry Foreign Total Foreign Total Foreign Total
assets (Per cent)

1 57 General Electric Co United States Electrical & electronic equipment 551 585 751 216 79 705 150 211 154 000 287 000 60.0
2 29 Royal Dutch Shell plc Netherlands/United Kingdom Petroleum expl./ref./distr. 271 672 322 560 230 697 368 056 82 000 97 000 77.1
3 18 BP plc United Kingdom Petroleum expl./ref./distr. 243 950 272 262 234 313 297 107 65 926 79 700 83.7
e
4 15 Vodafone Group Plc United Kingdom Telecommunications 224 449 242 417 63 069 71 315 65 729 84 990 86.1
5 76 Toyota Motor Corporation Japan Motor vehicles 211 153 359 862 140 319 221 604 118 362 317 716 53.1
6 44 Exxon Mobil Corporation United States Petroleum expl./ref./distr. 193 743 302 510 254 219 341 578 52 643 83 600 67.1
7 30 Total SA France Petroleum expl./ref./distr. 175 001 192 034 143 047 186 061 57 686 92 855 76.7
8 46 Volkswagen Group Germany Motor vehicles 167 773 266 426 130 030 168 046 210 000 388 000 64.8
9 90 EDF SA France Utilities (Electricity, gas and water) 165 413 321 431 33 737 86 311 54 924 158 842 41.7
10 65 GDF Suez France Utilities (Electricity, gas and water) 151 984 246 736 70 167 111 891 103 865 211 413 57.8
11 27 Telefonica SA Spain Telecommunications 140 882 173 403 54 409 80 446 232 114 269 047 78.4
12 67 E.ON AG Germany Utilities (Electricity, gas and water) 135 272 204 277 57 005 122 997 49 989 85 105 57.1
13 59 Chevron Corporation United States Petroleum expl./ref./distr. 124 411 184 769 109 720 189 607 32 000 62 000 58.9
14 11 ArcelorMittal Luxembourg Metal and metal products 124 392 130 904 71 290 78 025 198 896 262 832 87.4
15 73 Enel SpA Italy Electricity, gas and water 121 415 224 548 54 538 95 289 40 930 78 313 54.5
16 24 Siemens AG Germany Electrical & electronic equipment 114 648 139 939 99 825 111 095 277 000 405 000 80.1
17 1 Nestlé SA Switzerland Food, beverages and tobacco 113 574 118 818 103 154 105 209 271 605 281 000 96.8
18 3 Anheuser-Busch InBev NV Belgium Food, beverages and tobacco 108 440 114 342 32 193 36 297 104 126 114 313 91.5
19 68 Eni SpA Italy Petroleum expl./ref./distr. 106 638 176 189 67 180 130 494 45 967 79 941 56.5
20 78 Deutsche Telekom AG Germany Telecommunications 104 342 170 780 46 560 82 677 103 230 252 494 52.8
e
21 37 Honda Motor Co Ltd Japan Motor vehicles 104 286 139 644 82 871 104 269 106 230 176 815 71.4
22 55 Iberdrola SA Spain Utilities (Electricity, gas and water) 87 397 125 202 20 930 40 306 17 384 28 519 60.9
23 74 Pfizer Inc United States Pharmaceuticals 83 966 195 014 38 763 67 809 68 706 110 600 54.1
24 88 ConocoPhillips United States Petroleum expl./ref./distr. 83 180 156 314 65 268 175 752 13 293 29 700 45.0
25 40 Novartis AG Switzerland Pharmaceuticals 82 506 123 318 50 011 50 624 51 728 119 418 69.7
26 75 Daimler AG Germany Motor vehicles 80 774 181 494 103 947 129 485 96 074 260 100 53.9
27 83 Ford Motor Company United States Motor vehicles 79 581 165 793 65 636 128 954 82 000 164 000 49.6
28 51 Johnson & Johnson United States Pharmaceuticals 79 430 102 908 32 137 61 587 66 940 114 000 62.7
29 97 Mitsubishi Corporation Japan Wholesale trade 79 153 136 947 11 264 60 750 17 615 58 723 35.4
30 23 Hutchison Whampoa Limited Hong Kong, China Diversified 75 650 92 762 21 053 26 924 198 707 240 000 80.8
e
31 56 Sony Corporation Japan Electrical & electronic equipment 72 752 155 986 58 671 83 786 107 700 167 900 60.3
32 98 Wal-Mart Stores Inc United States Retail & Trade 70 422 170 407 106 399 408 085 749 600 2 160 800 34.0
33 36 EADS N.V. France Aircraft 69 931 111 153 54 742 60 599 76 111 121 691 71.9
34 85 General Motors Co United States Motor vehicles 69 662 138 898 56 446 135 592 106 000 202 000 48.1
35 8 Xstrata PLC Switzerland Mining & quarrying 66 430 69 709 22 902 30 499 36 436 38 561 88.3
e
36 62 Nissan Motor Co Ltd Japan Motor vehicles 63 499 129 576 77 673 102 358 76 321 151 698 58.4
37 91 France Telecom S.A. France Telecommunications 63 217 125 970 24 870 60 269 51 576 161 392 41.1
38 82 BMW AG Germany Motor vehicles 63 026 145 466 65 258 80 102 24 384 95 453 50.1
39 87 RWE AG Germany Utilities (Electricity, gas and water) 62 268 124 368 31 045 67 181 29 830 70 856 46.1
 Web table 29. The world's top 100 non-financial TNCs, ranked by foreign assets, 2010a
(Millions of dollars and number of employees)

Ranking by: Assets Sales Employment

Foreign b c d TNI b
TNI Corporation Home economy Industry Foreign Total Foreign Total Foreign Total
assets (Per cent)

40 2 Anglo American plc United Kingdom Mining & quarrying 62 238 66 656 25 772 27 960 92 000 100 000 92.5
41 45 Rio Tinto PLC United Kingdom Mining & quarrying 61 582 112 402 54 091 56 576 34 086 76 894 64.9
42 95 Mitsui & Co Ltd Japan Wholesale trade 60 347 103 772 23 549 54 596 3 111 40 026 36.4
43 60 Procter & Gamble Co United States Diversified 58 087 128 172 45 784 78 938 93 151 127 000 58.9
44 54 International Business Machines Corporation United States Electrical & electronic equipment 57 474 113 452 64 289 99 870 303 584 426 751 62.1
45 63 Hewlett-Packard Co United States Electrical & electronic equipment 55 927 124 503 81 491 126 033 212 060 324 600 58.3
46 52 Kraft Foods Inc United States Food, beverages and tobacco 55 204 95 289 28 273 49 207 90 000 127 000 62.1
47 33 Vattenfall AB Sweden Electricity, gas and water 54 013 80 694 22 606 29 632 30 994 40 363 73.3
48 31 GlaxoSmithKline PLC United Kingdom Pharmaceuticals 53 488 66 108 39 337 43 869 56 551 96 461 76.4
49 41 Roche Group Switzerland Pharmaceuticals 53 172 64 943 31 407 45 520 44 842 80 653 68.8
50 14 Lafarge SA France Non-metallic mineral products 52 784 56 780 18 534 21 416 60 052 75 677 86.3
51 43 Veolia Environnement SA France Utilities (Electricity, gas and water) 52 721 68 829 27 482 46 075 216 194 317 034 68.1
52 96 Statoil ASA Norway Petroleum expl./ref./distr. 50 927 109 728 19 315 87 144 11 506 30 344 35.5
53 58 BASF SE Germany Chemicals 50 640 79 360 50 923 84 600 58 339 109 140 59.2
54 9 Unilever PLC Netherlands/United Kingdom Diversified 49 637 55 007 54 003 58 625 136 000 165 000 88.3
55 86 Vale SA Brazil Mining & quarrying 49 176 129 139 38 331 46 481 15 573 70 785 47.5
56 39 Ferrovial SA Spain Construction and real estate 45 659 57 839 11 131 16 118 63 335 101 404 70.2
57 34 Compagnie de Saint-Gobain SA France Non-metallic mineral products 45 285 58 788 38 713 53 138 131 893 189 193 73.2
58 47 Carrefour SA France Retail & Trade 44 807 71 686 69 766 119 336 346 049 471 755 64.8
59 5 Nokia OYJ Finland Electrical & electronic equipment 44 140 52 276 55 728 56 220 112 586 132 427 89.5
60 100 CITIC Group China Diversified 43 814 315 433 10 878 30 605 25 285 125 215 23.2
61 28 BG Group plc United Kingdom Electricity, gas and water 43 437 50 299 13 393 17 166 4 212 6 172 77.5
62 21 British American Tobacco PLC United Kingdom Food, beverages and tobacco 42 860 43 613 22 837 22 996 45 955 92 285 82.5
e
63 71 Samsung Electronics Co., Ltd. Korea, Republic of Electrical & electronic equipment 42 856 118 337 111 394 133 756 72 612 157 701 55.2
64 26 Schlumberger Ltd United States Other consumer services 41 761 51 767 21 139 27 447 87 124 108 000 79.5
65 64 AP Moller - Maersk A/S Denmark Transport and storage 40 441 66 756 44 619 56 079 36 115 108 110 57.9
66 13 Koninklijke Philips Electronics NV Netherlands Electrical & electronic equipment 39 573 43 117 32 587 33 668 84 388 119 001 86.5
67 42 Deutsche Post AG Germany Transport and storage 39 073 50 458 46 297 68 187 257 806 424 686 68.7
68 19 AstraZeneca PLC United Kingdom Pharmaceuticals 38 956 56 127 31 317 33 269 53 309 61 700 83.3
69 99 Petronas - Petroliam Nasional Bhd Malaysia Petroleum expl./ref./distr. 38 787 145 099 34 817 76 822 8 198 40 992 30.7
e
70 16 SABMiller PLC United Kingdom Food, beverages and tobacco 38 750 39 108 22 917 28 311 54 590 70 131 86.0
71 49 ThyssenKrupp AG Germany Metal and metal products 38 488 59 488 41 948 62 321 106 274 187 495 62.9
72 70 Fiat S.p.A. Italy Motor vehicles 38 343 98 939 34 567 47 523 74 587 137 801 55.2
73 77 Vivendi SA France Telecommunications 38 070 78 825 15 604 38 249 35 825 51 272 53.0
e
74 92 Tesco PLC United Kingdom Retail & Trade 37 516 75 675 31 395 94 702 184 828 472 094 40.6
e
75 61 National Grid PLC United Kingdom Utilities (Electricity, gas and water) 37 429 74 383 13 657 22 293 17 895 28 106 58.4
76 81 Merck & Co United States Pharmaceuticals 37 180 105 781 25 761 45 987 56 400 94 000 50.4
77 10 Schneider Electric SA France Electricity, gas and water 36 876 41 490 23 580 25 934 102 490 123 482 87.6
78 69 Dow Chemical Company United States Chemicals 36 531 69 588 36 177 53 674 24 410 49 410 56.4
 Web table 29. The world's top 100 non-financial TNCs, ranked by foreign assets, 2010a
(Millions of dollars and number of employees)

Ranking by: Assets Sales Employment

Foreign b c d TNI b
TNI Corporation Home economy Industry Foreign Total Foreign Total Foreign Total
assets (Per cent)

79 25 Cemex S.A.B. de C.V. Mexico Non-metallic mineral products 36 416 41 684 10 771 14 107 34 900 46 533 79.6
80 22 Volvo AB Sweden Motor vehicles 36 395 47 395 35 003 36 732 66 903 90 409 82.0
81 89 Repsol YPF SA Spain Petroleum expl./ref./distr. 35 592 90 367 37 831 71 077 17 377 43 298 44.2
82 50 BHP Billiton Group Ltd Australia Mining & quarrying 34 487 88 852 46 994 52 798 23 877 39 570 62.7
83 84 Sanofi-Aventis SA France Pharmaceuticals 33 403 113 928 28 327 40 244 46 760 101 575 48.6
84 17 Liberty Global Inc United States Telecommunications 33 250 33 329 8 876 9 017 11 774 20 000 85.7
85 7 WPP PLC United Kingdom Business services 33 074 38 111 12 737 14 417 91 767 101 387 88.5
86 6 Linde AG Germany Chemicals 32 731 35 927 15 432 17 044 41 262 48 430 88.9
87 93 Hitachi Ltd Japan Electrical & electronic equipment 32 680 110 857 47 212 108 690 145 352 361 745 37.7
e
88 94 Hyundai Motor Company Korea, Republic of Motor vehicles 32 558 104 052 49 342 97 391 22 512 78 539 36.9
89 79 Renault SA France Motor vehicles 32 476 93 676 34 800 51 617 68 352 122 615 52.6
90 80 The Coca-Cola Company United States Food, beverages and tobacco 32 066 72 921 21 264 35 119 69 200 139 600 51.4
91 48 Alstom S.A. France Engineering services 31 595 41 778 22 023 27 632 31 654 85 225 64.2
92 72 Japan Tobacco Inc Japan Food, beverages and tobacco 31 475 43 108 30 943 72 273 23 902 48 472 55.0
93 38 Holcim Ltd Switzerland Non-metallic mineral products 31 324 47 104 14 634 20 762 60 620 80 310 70.8
94 66 Caterpillar Inc United States Construction 31 206 64 020 28 914 42 588 57 171 104 490 57.1
95 12 Barrick Gold Corporation Canada Gold mining 31 190 33 322 10 498 10 924 14 271 20 000 87.0
96 32 BAE Systems plc United Kingdom Aircraft 31 183 37 617 26 168 32 597 59 800 98 200 74.7
97 4 Pernod-Ricard SA France Food, beverages and tobacco 31 070 33 264 8 821 9 821 15 796 18 453 89.6
98 35 TeliaSonera AB Sweden Telecommunications 30 881 37 342 9 694 14 788 20 008 28 945 72.5
99 20 AES Corporation United States Utilities (Electricity, gas and water) 30 364 40 511 14 032 16 647 26 004 29 000 83.0
100 53 Alcoa Inc United States Metal and metal products 30 304 39 293 10 453 21 013 35 000 59 000 62.1

Source : UNCTAD/Erasmus University database.

a
Preliminary results based on data from the companies' financial reporting; corresponds to the financial year from 1 April 2010 to 31 March 2011.
b
TNI, the Transnationality Index, is calculated as the average of the following three ratios: foreign assets to total assets, foreign sales to total sales and foreign employment to total employment.
c
Industry classification for companies follows the United States Standard Industrial Classification as used by the United States Securities and Exchange Commission (SEC).
d
In a number of cases foreign employment data were calculated by applying the share of foreign employment in total employment of the previous year to total employment of 2010.
e
Employment data refers to 2009, as data was not yet available.