The World’s Top 100 Multi-National Enterprises based on Foreign Assets 2018

UNCTAD recently released its annual The World Investment Report for 2019. The report contains many fascinating facts about global investments such as fund flows, foreign direct investment in countries, top global companies, etc.

The World’s Top 100 Multi-National Enterprises based on Foreign Assets in 2018 list is interesting to investors especially to those that are looking to diversify globally. The following table shows the latest list based on 2018 data:

Rank	Corporation	Home economy	Industry	Foreign Assets (in millions of $)	Total Assets (in millions of $)
1	Royal Dutch Shell plc	United Kingdom	Mining, quarrying and petroleum	343 713	400 563
2	Toyota Motor Corporation	Japan	Motor Vehicles	300 384	468 872
3	BP plc	United Kingdom	Petroleum Refining and Related Industries	254 533	283 144
4	Softbank Group Corp	Japan	Telecommunications	240 305	325 869
5	Total SA	France	Petroleum Refining and Related Industries	233 692	256 327
6	Volkswagen Group	Germany	Motor Vehicles	224 191	524 566
7	British American Tobacco PLC	United Kingdom	Tobacco	185 974	187 330
8	Chevron Corporation	United States	Petroleum Refining and Related Industries	181 006	253 863
9	Daimler AG	Germany	Motor Vehicles	169 115	322 440
10	Exxon Mobil Corporation	United States	Petroleum Refining and Related Industries	168 053	346 196
11	Anheuser-Busch InBev NV	Belgium	Food & beverages	162 270	202 375
12	Apple Computer Inc	United States	Computer Equipment	153 545	365 725
13	CK Hutchison Holdings Limited	Hong Kong, China	Retail Trade	144 891	157 337
14	Honda Motor Co Ltd	Japan	Motor Vehicles	143 280	184 338
15	Vodafone Group Plc	United Kingdom	Telecommunications	143 259	160 501
16	General Electric Co	United States	Industrial and Commercial Machinery	134 637	309 129
17	Siemens AG	Germany	Industrial and Commercial Machinery	133 891	160 800
18	Enel SpA	Italy	Electricity, gas and water	133 459	189 402
19	DowDuPont Inc	United States	Rubber and Miscellaneous Plastic Products	122 998	188 030
20	Nissan Motor Co Ltd	Japan	Motor Vehicles	122 276	171 097
21	Iberdrola SA	Spain	Electricity, gas and water	121 510	148 434
22	Nestlé SA	Switzerland	Food & beverages	120 407	139 215
23	BMW AG	Germany	Motor Vehicles	118 908	239 272
24	Bayer AG	Germany	Pharmaceuticals	117 977	144 590
25	Johnson & Johnson	United States	Pharmaceuticals	115 837	152 954
26	Amazon.com, Inc	United States	E-Commerce	115 397	162 648
27	Microsoft Corporation	United States	Computer and Data Processing	114 648	258 848
28	Deutsche Telekom AG	Germany	Telecommunications	112 360	166 447
29	Glencore PLC	Switzerland	Mining, quarrying and petroleum	111 197	129 113
30	EDF SA	France	Electricity, gas and water	107 145	324 215
31	Hon Hai Precision Industries	Taiwan Province of China	Electronic components	106 644	110 609
32	Eni SpA	Italy	Petroleum Refining and Related Industries	106 042	135 625
33	Takeda Pharmaceutical Company Limited	Japan	Pharmaceuticals	105 448	125 235
34	Telefonica SA	Spain	Telecommunications	100 094	130 578
35	Rio Tinto PLC	United Kingdom	Mining, quarrying and petroleum	91 178	91 261
36	Medtronic plc	Ireland	Instruments and related products	88 435	91 393
37	Fiat Chrysler Automobiles	United Kingdom	Motor Vehicles	87 365	110 915
38	Mitsui & Co Ltd	Japan	Wholesale Metals and Minerals	87 357	107 843
39	Samsung Electronics Co., Ltd.	Korea, Republic of	Communications equipment	84 717	304 057
40	China COSCO Shipping Corp Ltd	China	Transport and storage	84 419	109 044
41	Novartis AG	Switzerland	Pharmaceuticals	83 259	145 563
42	Nippon Telegraph & Telephone Corporation	Japan	Telecommunications	82 633	201 274
43	Ford Motor Company	United States	Motor Vehicles	79 979	256 540
44	ArcelorMittal	Luxembourg	Metals and metal products	77 897	79 562
45	Tencent Holdings Limited	China	Computer and Data Processing	77 594	119 824
46	Linde PLC	United Kingdom	Chemicals and Allied Products	75 863	93 386
47	Pfizer Inc	United States	Pharmaceuticals	74 988	159 422
48	Allergan PLC	Ireland	Pharmaceuticals	74 583	101 788
49	BASF SE	Germany	Chemicals and Allied Products	71 922	99 102
50	Airbus SE	France	Aircraft	71 735	131 896
51	Engie	France	Electricity, gas and water	71 437	175 981
52	Orange SA	France	Telecommunications	69 489	110 593
53	Roche Group	Switzerland	Pharmaceuticals	68 941	79 777
54	International Business Machines Corporation	United States	Computer and Data Processing	68 772	123 382
55	Mitsubishi Corporation	Japan	Wholesale Petroleum and Fuels	68 378	149 254
56	China National Offshore Oil Corp (CNOOC)	China	Mining, quarrying and petroleum	67 282	173 408
57	John Swire & Sons Limited	United Kingdom	Transport and storage	65 930	69 400
58	Enbridge Inc	Canada	Electricity, gas and water	64 540	122 463
59	Equinor ASA	Norway	Petroleum Refining and Related Industries	61 606	111 863
60	Unilever PLC	United Kingdom	Food & beverages	61 545	68 424
61	GlaxoSmithKline PLC	United Kingdom	Pharmaceuticals	61 120	74 329
62	State Grid Corporation of China	China	Electricity, gas and water	60 000	585299
63	Walmart inc	United States	Retail Trade	59 553	219 295
64	Lafargeholcim Ltd	Switzerland	Stone, Clay, Glass, and Concrete Products	59 202	60 723
65	Christian Dior SA	France	Textiles, clothing and leather	57 744	88 471
66	United Technologies Corporation	United States	Aircraft	56 601	134 211
67	China National Chemical Corporation (ChemChina)	China	Chemicals and Allied Products	56 241	121 444
68	Intel Corporation	United States	Electronic components	56 080	127 963
69	Renault SA	France	Motor Vehicles	55 240	131 665
70	Robert Bosch GmbH	Germany	Motor Vehicles	55 161	95 780
71	SAP SE	Germany	Computer and Data Processing	55 128	58 955
72	Procter & Gamble Co	United States	Chemicals and Allied Products	54 905	118 310
73	RWE AG	Germany	Electricity, gas and water	54 773	91 720
74	Atlantia SpA	Italy	Construction	54 605	91 223
75	Alphabet Inc	United States	Computer and Data Processing	53 296	232 792
76	Mondelez International, Inc.	United States	Food & beverages	52 429	62 729
77	Anglo American plc	United Kingdom	Mining, quarrying and petroleum	50 512	52 375
78	Altice Europe NV	Netherlands	Telecommunications	50 010	51 902
79	Fresenius SE & Co KGaA	Germany	Health care services	50 002	64 922
80	Sanofi	France	Pharmaceuticals	49 960	127 557
81	Unibail-Rodamco SE	France	Real Estate	48 761	73 880
82	Marubeni Corporation	Japan	Wholesale Durable Goods	48 367	61 470
83	Repsol YPF SA	Spain	Petroleum Refining and Related Industries	48 081	69 588
84	AstraZeneca PLC	United Kingdom	Pharmaceuticals	47 240	60 859
85	Transcanada Corp	Canada	Electricity, gas and water	47 232	72 581
86	Danone Groupe SA	France	Food & beverages	46 960	50 580
87	BHP Billiton Group Ltd	Australia	Mining, quarrying and petroleum	46 088	111 728
88	Johnson Controls International PLC	Ireland	Electric equipment	45 302	48 797
89	Sony Corporation	Japan	Consumer electronics	45 051	189 416
90	Schneider Electric SA	France	Electricity, gas and water	44 894	48 384
91	Reckitt Benckiser Plc	United Kingdom	Chemicals and Allied Products	44 868	48 195
92	Oracle Corporation	United States	Computer and Data Processing	44 576	137 851
93	Air Liquide SA	France	Chemicals and Allied Products	44 270	48 066
94	National Grid PLC	United Kingdom	Electricity, gas and water	46 985	82 412
95	Teva Pharmaceutical Industries Limited	Israel	Pharmaceuticals	43 444	60 683
96	General Motors Co	United States	Motor Vehicles	43 267	227 339
97	Trafigura Group Pte Ltd	Switzerland	Wholesale Metals and Minerals	43 056	53 801
98	China Minmetals Corp (CMC)	China	Metals and metal products	42 790	131 338
99	Tata Motors Ltd	India	Motor Vehicles	42 146	50 844
100	Compagnie de Saint-Gobain SA	France	Stone, Clay, Glass, and Concrete Products	41 234	50 426

Source: The World Investment Report 2019 , UNCTAD

Royal Dutch Shell(RDA-B) is the world’s top firm followed by Toyota of Japan(TM). As usual this list is dominated by Western firms. Some of the emerging market giants listed include Tata Motors(TTM) of India, CNOOC(CEO) and Sinopac(SNP) of China.

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