The World’s Top 100 Non-Financial MNEs by Foreign Assets 2016

The United Nations Conference on Trade and Development (UNCTAD) released its annual World Investment Report 2017. This report includes a wealth of information on global trade.

One section of the report that discusses about Multi-National Companies (MNCs) (or Multi-National Enterprises (MNEs)) is of interest to global investors. The attached Excel below also shows how much revenue the top MNCs generate from foreign countries relative to total revenue.

The World’s Top 100 Non-Financial MNEs based on foreign assets in 2016 are shown in the table below:

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Rank	Corporation	Home Economy	Industry	Foreign Assets (in Millions of dollars)	Total Assets(in Millions of dollars)
1	Royal Dutch Shell plc	United Kingdom	Mining, quarrying and petroleum	349 720	411 275
2	Toyota Motor Corporation	Japan	Motor Vehicles	303 678	435 958
3	BP plc	United Kingdom	Petroleum Refining and Related Industries	235 124	263 316
4	Total SA	France	Petroleum Refining and Related Industries	233 217	243 468
5	Anheuser-Busch InBev NV	Belgium	Food & beverages	208 012	258 381
6	Volkswagen Group	Germany	Motor Vehicles	197 254	431 888
7	Chevron Corporation	United States	Petroleum Refining and Related Industries	189 116	260 078
8	General Electric Co	United States	Industrial and Commercial Machinery	178 525	365 183
9	Exxon Mobil Corporation	United States	Petroleum Refining and Related Industries	165 969	330 314
10	Softbank Corp	Japan	Telecommunications	145 611	220 296
11	Vodafone Group Plc	United Kingdom	Telecommunications	143 574	165 367
12	Daimler AG	Germany	Motor Vehicles	138 967	256 127
13	Honda Motor Co Ltd	Japan	Motor Vehicles	130 067	169 537
14	Apple Computer Inc	United States	Computer Equipment	126 793	321 686
15	BHP Billiton Group Ltd	Australia	Mining, quarrying and petroleum	118 953	118 953
16	Nissan Motor Co Ltd	Japan	Motor Vehicles	116 612	164 734
17	Siemens AG	Germany	Industrial and Commercial Machinery	115 251	140 309
18	Enel SpA	Italy	Electricity, gas and water	111 240	164 010
19	CK Hutchison Holdings Limited	Hong Kong, China	Retail Trade	110 515	130 677
20	Mitsubishi Corporation	Japan	Wholesale Trade	107 860	140 879
21	Glencore Xstrata PLC	Switzerland	Mining, quarrying and petroleum	107 077	124 600
22	Telefonica SA	Spain	Telecommunications	106 765	130 327
23	Eni SpA	Italy	Petroleum Refining and Related Industries	106 408	131 280
24	Nestlé SA	Switzerland	Food & beverages	106 319	129 467
25	BMW AG	Germany	Motor Vehicles	106 244	198 730
26	Johnson & Johnson	United States	Pharmaceuticals	104 274	141 208
27	Deutsche Telekom AG	Germany	Telecommunications	102 176	156 514
28	Iberdrola SA	Spain	Electricity, gas and water	100 890	112 476
29	Allergan PLC	Ireland	Pharmaceuticals	94 512	128 986
30	Rio Tinto PLC	United Kingdom	Mining, quarrying and petroleum	89 177	89 263
31	Fiat Chrysler Automobiles	United Kingdom	Motor Vehicles	86 599	109 985
32	Pfizer Inc	United States	Pharmaceuticals	85 930	171 615
33	EDF SA	France	Electricity, gas and water	84 508	296 869
34	Microsoft Corporation	United States	Computer and Data Processing	82 992	193 468
35	Mitsui & Co Ltd	Japan	Wholesale Trade	82 233	102 850
36	Altice NV	Netherlands	Telecommunications	81 640	84 761
37	Engie	France	Electricity, gas and water	77 809	167 070
38	ArcelorMittal	Luxembourg	Metals and metal products	75 142	75 142
39	Sanofi	France	Pharmaceuticals	72 747	110 332
40	Hon Hai Precision Industries	Taiwan Province of China	Electronic components	70 797	79 991
41	The Coca-Cola Company	United States	Food & beverages	70 595	87 270
42	Ford Motor Company	United States	Motor Vehicles	70 153	237 951
43	Novartis AG	Switzerland	Pharmaceuticals	67 487	130 124
44	China National Offshore Oil Corp (CNOOC) e	China	Mining, quarrying and petroleum	66 673	179 228
45	Shire plc	Ireland	Pharmaceuticals	66 615	67 035
46	Airbus Group NV	France	Aircraft	66 490	117 142
47	Teva Pharmaceutical Industries Limited	Israel	Pharmaceuticals	66 161	92 890
48	Roche Group	Switzerland	Pharmaceuticals	64 754	75 401
49	International Business Machines Corporation	United States	Computer and Data Processing	63 897	117 470
50	Samsung Electronics Co., Ltd.	Korea, Republic of	Communications equipment	63 704	217 714
51	Procter & Gamble Co	United States	Chemicals and Allied Products	62 718	127 136
52	Orange SA	France	Telecommunications	62 623	99 787
53	Amazon.com, Inc	United States	E-Commerce	61 177	83 402
54	Nippon Telegraph & Telephone Corporation	Japan	Telecommunications	60 466	190 035
55	Statoil ASA	Norway	Petroleum Refining and Related Industries	58 995	104 530
56	GlaxoSmithKline PLC	United Kingdom	Pharmaceuticals	58 514	72 742
57	BASF SE	Germany	Chemicals and Allied Products	58 370	80 632
58	Lafargeholcim Ltd	Switzerland	Stone, Clay, Glass, and Concrete Products	54 886	73 381
59	Wal-Mart Stores Inc	United States	Retail Trade	54 734	198 825
60	Liberty Global plc	United Kingdom	Telecommunications	54 358	54 518
61	General Motors Co	United States	Motor Vehicles	53 687	221 690
62	ConocoPhillips	United States	Petroleum Refining and Related Industries	52 461	89772
63	Unilever PLC	United Kingdom	Food & beverages	52 356	59 480
64	Robert Bosch GmbH	Germany	Motor Vehicles	51 200	86 302
65	Mondelez International, Inc.	United States	Food & beverages	50 917	61 538
66	John Swire & Sons Limited e	United Kingdom	Transport and storage	50 491	50 562
67	AstraZeneca PLC	United Kingdom	Pharmaceuticals	49 822	62 526
68	Renault SA	France	Motor Vehicles	49 381	107 624
69	Schlumberger Ltd	United States	Mining, quarrying and petroleum	48 561	77 956
70	Broadcom Limited	Singapore	Electronic components	48 413	49 966
71	Anglo American plc	United Kingdom	Mining, quarrying and petroleum	48 216	50 149
72	Petronas - Petroliam Nasional Bhd e	Malaysia	Mining, quarrying and petroleum	47 912	139 868
73	Marubeni Corporation	Japan	Wholesale Trade	47 511	61 675
74	Repsol YPF SA	Spain	Petroleum Refining and Related Industries	46 745	68 356
75	National Grid PLC	United Kingdom	Electricity, gas and water	45 727	82 279
76	Christian Dior SA	France	Textiles, clothing and leather	45 489	69 839
77	Bayer AG	Germany	Pharmaceuticals	45 422	86 685
78	Nokia OYJ	Finland	Communications equipment	44 674	47 329
79	Air Liquide SA	France	Chemicals and Allied Products	44 155	46 503
80	British American Tobacco PLC	United Kingdom	Tobacco	44 007	48 969
81	China COSCO Shipping Corp Ltd e	China	Transport and storage	43 076	55 642
82	SAP SE	Germany	Computer and Data Processing	42 635	46 671
83	United Technologies Corporation	United States	Aircraft	42 473	89 706
84	Sumitomo Corporation	Japan	Wholesale Trade	42 258	69 411
85	Imperial Brands PLC	United Kingdom	Tobacco	42 245	42 423
86	Danone Groupe SA	France	Food & beverages	41 855	46 325
87	RWE AG	Germany	Electricity, gas and water	41 791	80 533
88	Amgen Inc	United States	Pharmaceuticals	41 199	77 626
89	Schneider Electric SA	France	Electricity, gas and water	41 093	44 114
90	Hewlett-Packard Co	United States	Computer and Data Processing	40 228	79 629
91	Alphabet Inc	United States	Computer and Data Processing	39 672	167 497
92	Intel Corporation	United States	Electronic components	39 392	113 327
93	Volvo AB	Sweden	Motor Vehicles	37 948	44 020
94	WPP PLC	United Kingdom	Business Services	37 765	42 561
95	ITOCHU Corporation	Japan	Wholesale Trade	37 697	72 633
96	E.ON AG	Germany	Electricity, gas and water	37 681	67 143
97	Sony Corporation	Japan	Electric equipment	37 650	157 933
98	AP Moller - Maersk A/S	Denmark	Transport and storage	37 610	61 118
99	Vale SA	Brazil	Mining, quarrying and petroleum	37 413	99 157
100	América Móvil SAB de CV	Mexico	Telecommunications	37 158	73 352

Showing 1 to 100 of 100 entries

Source: World Investment Report 2017, UNCTAD

Two observations:

Most of the 100 companies are from the developed world as these firms hold leadership positions in their respective industries and have substantial operations around the world.
A few emerging markets firms such as Vale(VALE), America Movil(AMX), CNOOC (CEO) from China have made it to this list.

Download: The World’s Top 100 Non-Financial MNEs by Foreign Assets 2016 (in Excel)

Disclosure: No Positions