The top rung of Fortune Magazine’s 2014 Global 500 list is heavily skewed toward fossil fuel development and exploitation. Of Fortune’s ten largest global companies, half are integrated oil and gas companies. Two, Volkswagen and Toyota, are totally dependent upon petroleum for their success. Coming in at No. 7, State Grid Corp. is China’s state-owned electric utility, creating electrical energy from fossil fuels to power the planet’s most populous nation. That leaves Glencore (mining/commodities) and Wal-Mart, which would not hold the No. 1 position without diesel, gasoline and natural gas to move its products to the company’s 11,000 retail stores worldwide.
For what it’s worth, Total (ticker: TOT) came in at No. 11 with $228 Billion in revenue, and Chevron (ticker: CVX) at No. 12 with revenue of $220 Billion.
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