The World’s Top 100 Non-Financial TNCs Ranked by Foreign Assets 2015

The World’s Top 100 Non-Financial Trans-National Corporations (TNCs) ranked by Foreign Assets as of 2015 are listed in the table below:

Rank	Company	Country	Industry	Foreign Assets (in millions of dollars)	Total Assets (in millions of dollars)
1	Royal Dutch Shell plc	United Kingdom	Mining, quarrying and petroleum	288 283	340 157
2	Toyota Motor Corporation	Japan	Motor Vehicles	273 280	422 176
3	General Electric Co	United States	Industrial and Commercial Machinery	257 742	492 692
4	Total SA	France	Petroleum Refining and Related Industries	236 719	244 856
5	BP plc	United Kingdom	Petroleum Refining and Related Industries	216 698	261 832
6	Exxon Mobil Corporation	United States	Petroleum Refining and Related Industries	193 493	336 758
7	Chevron Corporation	United States	Petroleum Refining and Related Industries	191 933	266 103
8	Volkswagen Group	Germany	Motor Vehicles	181 826	416 596
9	Vodafone Group Plc	United Kingdom	Telecommunications	166 967	192 310
10	Apple Computer Inc	United States	Computer Equipment	143 652	290 479
11	Anheuser-Busch InBev NV	Belgium	Food & beverages	129 640	134 635
12	Softbank Corp	Japan	Telecommunications	125 485	184 325
13	Honda Motor Co Ltd	Japan	Motor Vehicles	125 270	162 268
14	Enel SpA	Italy	Electricity, gas and water	124 603	175 806
15	Daimler AG	Germany	Motor Vehicles	123 881	236 874
16	Eni SpA	Italy	Petroleum Refining and Related Industries	118 319	147 024
17	CK Hutchison Holdings Limited	Hong Kong, China	Retail Trade	118 250	133 280
18	Glencore Xstrata PLC	Switzerland	Mining, quarrying and petroleum	114 941	128 485
19	Siemens AG	Germany	Industrial and Commercial Machinery	113 020	134 995
20	Telefonica SA	Spain	Telecommunications	110 879	134 134
21	Nissan Motor Co Ltd	Japan	Motor Vehicles	109 475	154 651
22	Nestlé SA	Switzerland	Food & beverages	101 977	124 590
23	Deutsche Telekom AG	Germany	Telecommunications	100 140	156 981
24	Mitsubishi Corporation	Japan	Wholesale Trade	100 095	132 777
25	Allergan PLC	Ireland	Pharmaceuticals	99 535	135 841
26	BMW AG	Germany	Motor Vehicles	97 843	187 799
27	Johnson & Johnson	United States	Pharmaceuticals	96 802	133 411
28	EDF SA	France	Electricity, gas and water	94 538	304 255
29	Iberdrola SA	Spain	Electricity, gas and water	94 453	114 163
30	Rio Tinto PLC	United Kingdom	Mining, quarrying and petroleum	91 209	91 564
31	Fiat Chrysler Automobiles	United Kingdom	Motor Vehicles	90 275	114 572
32	Engie	France	Electricity, gas and water	89 504	175 238
33	Microsoft Corporation	United States	Computer and Data Processing	81 790	176 223
34	Pfizer Inc	United States	Pharmaceuticals	81 431	167 460
35	Mitsui & Co Ltd	Japan	Mining, quarrying and petroleum	81 265	97 120
36	E.ON AG	Germany	Electricity, gas and water	74 746	124 011
37	ArcelorMittal	Luxembourg	Metals and metal products	74 161	76 846
38	Sanofi	France	Pharmaceuticals	72 545	111 607
39	China National Offshore Oil Corp	China	Mining, quarrying and petroleum	71 090	182 282
40	Ford Motor Company	United States	Motor Vehicles	68 366	224 925
41	Altice NV	Netherlands	Telecommunications	68 354	70 678
42	Airbus Group NV	France	Aircraft	68 234	116 362
43	Novartis AG	Switzerland	Pharmaceuticals	67 533	131 556
44	Procter & Gamble Co	United States	Chemicals and Allied Products	64 498	129 495
45	Hon Hai Precision Industries	Taiwan Province of China	Electronic components	64 040	70 244
46	Roche Group	Switzerland	Pharmaceuticals	62 791	76 128
47	Samsung Electronics Co., Ltd.	Korea, Republic of	Communications equipment	62 294	205 860
48	BHP Billiton Group Ltd	Australia	Mining, quarrying and petroleum	62 274	124 580
49	GlaxoSmithKline PLC	United Kingdom	Pharmaceuticals	62 004	79 285
50	Statoil ASA	Norway	Petroleum Refining and Related Industries	61 854	109 596
51	International Business Machines Corporation	United States	Computer and Data Processing	60 069	110 495
52	Lafargeholcim Ltd	Switzerland	Stone, Clay, Glass, and Concrete Products	59 444	79 950
53	Wal-Mart Stores Inc	United States	Retail Trade	58 309	199 581
54	Orange SA	France	Telecommunications	56 589	99 727
55	ConocoPhillips	United States	Petroleum Refining and Related Industries	55 523	97 484
56	BASF SE	Germany	Chemicals and Allied Products	55 115	77 264
57	General Motors Co	United States	Motor Vehicles	52 490	194 520
58	Mondelez International, Inc.	United States	Food & beverages	51 753	62 843
59	BG Group plc	United Kingdom	Mining, quarrying and petroleum	51 710	59 676
60	Marubeni Corporation	Japan	Wholesale Trade	50 381	63 358
61	Robert Bosch GmbH	Germany	Motor Vehicles	50 308	84 278
62	Repsol YPF SA	Spain	Petroleum Refining and Related Industries	50 231	68801
63	Anglo American plc	United Kingdom	Mining, quarrying and petroleum	50 059	52 013
64	Unilever PLC	United Kingdom	Food & beverages	49 501	57 044
65	Sony Corporation	Japan	Electric equipment	48 942	148 418
66	Christian Dior SA	France	Textiles, clothing and leather	46 543	67 170
67	Petronas - Petroliam Nasional Bhd	Malaysia	Mining, quarrying and petroleum	45 572	153 770
68	Imperial Brands PLC	United Kingdom	Tobacco	45 455	45 713
69	AstraZeneca PLC	United Kingdom	Pharmaceuticals	45 412	60 124
70	China Ocean Shipping (Group) Company	China	Transport and storage	44 805	57 875
71	Sumitomo Corporation	Japan	Wholesale Trade	44 251	69 590
72	Bayer AG	Germany	Pharmaceuticals	44 172	80 625
73	RWE AG	Germany	Electricity, gas and water	43 602	86 534
74	Schlumberger Ltd	United States	Mining, quarrying and petroleum	43 475	68 005
75	Schneider Electric SA	France	Electricity, gas and water	43 241	46 441
76	SABMiller PLC	United Kingdom	Food & beverages	43 195	43 589
77	Liberty Global plc	United Kingdom	Telecommunications	41 785	64 610
78	SAP SE	Germany	Computer and Data Processing	41 522	45 146
79	Hewlett-Packard Co	United States	Computer and Data Processing	41 391	81 270
80	ITOCHU Corporation	Japan	Wholesale Trade	41 273	71 536
81	British American Tobacco PLC	United Kingdom	Tobacco	40 868	46 751
82	United Technologies Corporation	United States	Aircraft	39 925	87 484
83	Heineken NV	Netherlands	Food & beverages	39 911	41 137
84	National Grid PLC	United Kingdom	Electricity, gas and water	39 240	84 761
85	Oracle Corporation	United States	Computer and Data Processing	38 520	110 903
86	Amgen Inc	United States	Pharmaceuticals	38 392	71 576
87	AP Moller - Maersk A/S	Denmark	Transport and storage	37 924	62 408
88	Renault SA	France	Motor Vehicles	37 765	98 827
89	WPP PLC	United Kingdom	Business Services	37 169	42 648
90	Linde AG	Germany	Chemicals and Allied Products	36 762	38 555
91	Diageo PLC	United Kingdom	Food & beverages	36 686	40 585
92	Teva Pharmaceutical Industries Limited	Israel	Pharmaceuticals	36 357	54 258
93	Vattenfall AB	Sweden	Electricity, gas and water	36 113	58 969
94	Volvo AB	Sweden	Motor Vehicles	36 105	44 445
95	América Móvil SAB de CV	Mexico	Telecommunications	35 790	74 624
96	Fresenius SE & Co KGaA	Germany	Health care services	35 387	47 324
97	Caterpillar Inc	United States	Industrial and Commercial Machinery	35 360	78 497
98	Vale SA	Brazil	Mining, quarrying and petroleum	35 338	87 251
99	Hitachi Ltd	Japan	Computer Equipment	35 140	111 723
100	Alphabet Inc	United States	Computer and Data Processing	35 128	147461

Source: UNCTAD

A few observations:

Oil and auto firms dominate the top 10 this ranking based on foreign assets with Royal Dutch Shell (RDS-A, RDS-B) taking the first spot.
Apple(AAPL) which is ranked number 10, had more than half of its total employees in foreign countries.
Some of the firms outside of developed Europe and the US include drug maker Teva(TEVA) of Israel, oil giant Petronas of Malaysia, Vale(VALE) of Brazil, etc.
Many of the firms in this list are world-class leaders in their respective industries. For example, BASF SE(BASFY) is the world’s top chemical company and US-based Johnson & Johnson (JNJ) is one of the world’s best pharma companies.
Though Alphabet(GOOG) is the last in the ranking, it shows the scale of worldwide presence and foreign assets of Google.
From a long-term investment perspective, firms like Nestle(NSRGY), National Grid (NGG), Novartis(NVS), Imperial Brands (ITYBY), etc. are excellent picks.