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:

RankCorporationHome EconomyIndustryForeign Assets (in Millions of dollars)Total Assets(in Millions of dollars)
1Royal Dutch Shell plcUnited KingdomMining, quarrying and petroleum349 720411 275
2Toyota Motor CorporationJapanMotor Vehicles303 678435 958
3BP plcUnited KingdomPetroleum Refining and Related Industries235 124263 316
4Total SAFrancePetroleum Refining and Related Industries233 217243 468
5Anheuser-Busch InBev NVBelgiumFood & beverages208 012258 381
6Volkswagen GroupGermanyMotor Vehicles197 254431 888
7Chevron CorporationUnited StatesPetroleum Refining and Related Industries189 116260 078
8General Electric CoUnited StatesIndustrial and Commercial Machinery178 525365 183
9Exxon Mobil CorporationUnited StatesPetroleum Refining and Related Industries165 969330 314
10Softbank CorpJapanTelecommunications145 611220 296
11Vodafone Group PlcUnited KingdomTelecommunications143 574165 367
12Daimler AGGermanyMotor Vehicles138 967256 127
13Honda Motor Co LtdJapanMotor Vehicles130 067169 537
14Apple Computer IncUnited StatesComputer Equipment126 793321 686
15BHP Billiton Group LtdAustraliaMining, quarrying and petroleum118 953118 953
16Nissan Motor Co LtdJapanMotor Vehicles116 612164 734
17Siemens AGGermanyIndustrial and Commercial Machinery115 251140 309
18Enel SpAItalyElectricity, gas and water111 240164 010
19CK Hutchison Holdings LimitedHong Kong, ChinaRetail Trade110 515130 677
20Mitsubishi CorporationJapanWholesale Trade107 860140 879
21Glencore Xstrata PLCSwitzerlandMining, quarrying and petroleum107 077124 600
22Telefonica SASpainTelecommunications106 765130 327
23Eni SpAItalyPetroleum Refining and Related Industries106 408131 280
24Nestlé SASwitzerlandFood & beverages106 319129 467
25BMW AGGermanyMotor Vehicles106 244198 730
26Johnson & JohnsonUnited StatesPharmaceuticals104 274141 208
27Deutsche Telekom AGGermanyTelecommunications102 176156 514
28Iberdrola SASpainElectricity, gas and water100 890112 476
29Allergan PLCIrelandPharmaceuticals94 512128 986
30Rio Tinto PLCUnited KingdomMining, quarrying and petroleum89 17789 263
31Fiat Chrysler AutomobilesUnited KingdomMotor Vehicles86 599109 985
32Pfizer IncUnited StatesPharmaceuticals85 930171 615
33EDF SAFranceElectricity, gas and water84 508296 869
34Microsoft CorporationUnited StatesComputer and Data Processing82 992193 468
35Mitsui & Co LtdJapanWholesale Trade82 233102 850
36Altice NVNetherlandsTelecommunications81 64084 761
37EngieFranceElectricity, gas and water77 809167 070
38ArcelorMittalLuxembourgMetals and metal products75 14275 142
39SanofiFrancePharmaceuticals72 747110 332
40Hon Hai Precision IndustriesTaiwan Province of ChinaElectronic components70 79779 991
41The Coca-Cola CompanyUnited StatesFood & beverages70 59587 270
42Ford Motor CompanyUnited StatesMotor Vehicles70 153237 951
43Novartis AGSwitzerlandPharmaceuticals67 487130 124
44China National Offshore Oil Corp (CNOOC) eChinaMining, quarrying and petroleum66 673179 228
45Shire plcIrelandPharmaceuticals66 61567 035
46Airbus Group NVFranceAircraft66 490117 142
47Teva Pharmaceutical Industries LimitedIsraelPharmaceuticals66 16192 890
48Roche GroupSwitzerlandPharmaceuticals64 75475 401
49International Business Machines CorporationUnited StatesComputer and Data Processing63 897117 470
50Samsung Electronics Co., Ltd.Korea, Republic ofCommunications equipment63 704217 714
51Procter & Gamble CoUnited StatesChemicals and Allied Products62 718127 136
52Orange SAFranceTelecommunications62 62399 787
53Amazon.com, IncUnited StatesE-Commerce61 17783 402
54Nippon Telegraph & Telephone CorporationJapanTelecommunications60 466190 035
55Statoil ASANorwayPetroleum Refining and Related Industries58 995104 530
56GlaxoSmithKline PLCUnited KingdomPharmaceuticals58 51472 742
57BASF SEGermanyChemicals and Allied Products58 37080 632
58Lafargeholcim LtdSwitzerlandStone, Clay, Glass, and Concrete Products54 88673 381
59Wal-Mart Stores IncUnited StatesRetail Trade54 734198 825
60Liberty Global plcUnited KingdomTelecommunications54 35854 518
61General Motors CoUnited StatesMotor Vehicles53 687221 690
62ConocoPhillipsUnited StatesPetroleum Refining and Related Industries52 46189772
63Unilever PLCUnited KingdomFood & beverages52 35659 480
64Robert Bosch GmbHGermanyMotor Vehicles51 20086 302
65Mondelez International, Inc.United StatesFood & beverages50 91761 538
66John Swire & Sons Limited eUnited KingdomTransport and storage50 49150 562
67AstraZeneca PLCUnited KingdomPharmaceuticals49 82262 526
68Renault SAFranceMotor Vehicles49 381107 624
69Schlumberger LtdUnited StatesMining, quarrying and petroleum48 56177 956
70Broadcom LimitedSingaporeElectronic components48 41349 966
71Anglo American plcUnited KingdomMining, quarrying and petroleum48 21650 149
72Petronas - Petroliam Nasional Bhd eMalaysiaMining, quarrying and petroleum47 912139 868
73Marubeni CorporationJapanWholesale Trade47 51161 675
74Repsol YPF SASpainPetroleum Refining and Related Industries46 74568 356
75National Grid PLCUnited KingdomElectricity, gas and water45 72782 279
76Christian Dior SAFranceTextiles, clothing and leather45 48969 839
77Bayer AGGermanyPharmaceuticals45 42286 685
78Nokia OYJFinlandCommunications equipment44 67447 329
79Air Liquide SAFranceChemicals and Allied Products44 15546 503
80British American Tobacco PLCUnited KingdomTobacco44 00748 969
81China COSCO Shipping Corp Ltd eChinaTransport and storage43 07655 642
82SAP SEGermanyComputer and Data Processing42 63546 671
83United Technologies CorporationUnited StatesAircraft42 47389 706
84Sumitomo CorporationJapanWholesale Trade42 25869 411
85Imperial Brands PLCUnited KingdomTobacco42 24542 423
86Danone Groupe SAFranceFood & beverages41 85546 325
87RWE AGGermanyElectricity, gas and water41 79180 533
88Amgen IncUnited StatesPharmaceuticals41 19977 626
89Schneider Electric SAFranceElectricity, gas and water41 09344 114
90Hewlett-Packard CoUnited StatesComputer and Data Processing40 22879 629
91Alphabet IncUnited StatesComputer and Data Processing39 672167 497
92Intel CorporationUnited StatesElectronic components39 392113 327
93Volvo ABSwedenMotor Vehicles37 94844 020
94WPP PLCUnited KingdomBusiness Services37 76542 561
95ITOCHU CorporationJapanWholesale Trade37 69772 633
96E.ON AGGermanyElectricity, gas and water37 68167 143
97Sony CorporationJapanElectric equipment37 650157 933
98AP Moller - Maersk A/SDenmarkTransport and storage37 61061 118
99Vale SABrazilMining, quarrying and petroleum37 41399 157
100América Móvil SAB de CVMexicoTelecommunications37 15873 352

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

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