Daily Israel Report

Fortune Names Israel Corp. One of World's Largest Companies

Fortune magazine's Global 500 has listed Israel Corporation as the 466th biggest corporation in the world in its 2009 ranking.
By Malkah Fleisher
First Publish: 7/13/2009, 3:31 PM

photo: Fortune Magazine and Google Maps

Fortune magazine's listing of the world's 500 largest companies, the Fortune Global 500, has listed Israel Corporation as the 466th biggest corporation in the world in its 2009 ranking.

Companies were measured by revenues in 2008.

The only Israeli company to make the list, Ofer Holdings Group subsidiary Israel Corporation, is Israel's largest holdings company, focusing in fertilizers and specialty chemicals, oil, gas, petroleum, shipping and transportation. The company had a $19.8 billion revenue last year, with a net profit of $320 million.

Fortune also ranked Israel Corp. as the world's tenth fastest growing company in 2008, with 81.5% growth compared with 2007.

The largest company in the world is Royal Dutch Shell, followed by Exxon Mobil, Walmart, BP, and Chevron.

Thirteen of the Global 500 companies are run by women, up from 12 in 2008.  Only 37 countries are represented on the list, with the United States housing 140 of the top companies, followed by Japan with 68.