Koç only Turkish entry on Fortune Global 500 list
Koç Holding took the 186th spot on the list, which rates companies by annual revenue, for 2007, representing a jump of four places over the previous year. The holding's sales amounted to $39.4 billion and the Turkish company was able to yield $1.8 billion in profits. First place on the list was occupied by retail-chain champion Wal-Mart -- as has been the case for several years -- whose turnover hit $378.8 billion during 2007. Despite the tremendous sales figure, the profits of the company reached only $12.73 billion.
In second place was Exxon Mobil, the US oil giant, with $372.8 billion in sales. Exxon enjoyed the largest profits among the 500 companies on the list; however, $40.6 billion came thanks to soaring oil prices, which saw close to a three-fold increase in 2007. Another global oil company, Royal Dutch Shell, attained the third rank with $355.8 billion in sales and $31.3 billion in profits. The other companies in the top 10 were BP, Toyota Motor, Chevron, ING Group, Total, General Motors and Conoco Phillips.