Israel Corp is the only Israeli company to make the list.
Ofer Holdings Group subsidiary Israel Corporation (TASE: ILCO) is the only Israeli company to make the "Fortune" Global 500 for 2009. The companies are ranked by revenue in 2008; Israel Corp. had $19.8 billion revenue and a net profit of $320 million, putting in 466th place. The company has 18,574 employees and $14.7 billion in assets. "Fortune" lists the company's business as "petroleum refining"
"Fortune" also ranked Israel Corp. as the tenth fastest growing company in 2008 out of the Global 500 companies, with 81.5% growth compared with 2007.
Royal Dutch Shell plc (NYSE: RDS; LSE: RDSA) is the top ranked company, followed by ExxonMobil Inc. (NYSE: XON). Oil companies account for four of the top five spots in the list - the exception is Wal-Mart Stores Inc. (NYSE: WMT). Oil companies also account for seven of the top ten spots.
Published by Globes [online], Israel business news - www.globes-online.com - on July 13, 2009
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