The world's top 100 TNCs ranked by foreign assets, 1995

(Billions of dollars and number of employees)

Ranking by: Assets Sales Employment

1 17 Shell, Royal Dutch c United Kingdom/Netherlands Oil, gas, coal and rel. services 79.7 117.6 80.6 109.9 81000 104000 73.0
e
2 83 Ford Motor Company United States Automotive 69.2 238.5 41.9 137.1 103334 346990 29.8
3 87 General Electric Company United States Electronics 69.2 228.0 17.1 70.0 72000 222000 29.1
4 22 Exxon Corporation United States Oil, gas, coal and rel. services 66.7 91.3 96.9 121.8 44000 82000 68.8
5 86 General Motors United States Automotive 54.1 217.1 47.8 163.9 252699 745000 29.3
6 27 Volkswagen AG Germany Automotive 49.8 58.7 37.4 61.5 114000 257000 63.4
7 43 IBM United States Computers 41.7 80.3 45.1 71.9 112944 225347 54.9
8 78 Toyota Motor Corporation Japan Automotive 36.0 118.2 50.4 111.7 33796 146855 32.9
9 1 Nestlé SA Switzerland Food 33.2 38.2 47.8 48.7 213637 220172 94.0
10 71 Mitsubishi Corporation Japan Diversified ...d 79.3 51.0 124.9 3859 9241 39.5
11 18 Bayer AG Germany Chemicals 28.1 31.3 19.7 31.1 78000 142900 69.3
12 6 ABB Asea Brown Boveri Ltd. Switzerland Electrical equipment 27.2 32.1 29.4 33.7 196937 209637 88.6
e
13 66 Nissan Motor Co., Ltd. Japan Automotive 26.9 63.0 24.9 56.3 60795 139856 43.5
14 40 Elf Aquitaine SA France Oil, gas, coal and rel. services 26.9 49.4 27.8 42.5 40650 85500 55.8
15 32 Mobil Corporation United States Oil, gas, coal and rel. services 26.0 42.1 48.4 73.4 26300 50400 60.0
16 70 Daimler-Benz AG Germany Automotive 26.0 66.3 45.6 72.1 68907 310993 41.5
17 8 Unilever f United Kingdom/Netherlands Food 25.8 30.1 42.7 49.7 276000 307000 87.1
18 9 Philips Electronics N.V. Netherlands Electronics 25.2 32.7 38.4 40.1 221000 265100 85.4
19 10 Roche Holding AG Switzerland Pharmaceuticals 24.5 30.9 12.0 12.5 40422 50497 85.1
20 54 Fiat Spa Italy Automotive 24.4 59.1 26.3 40.6 95930 248180 48.2
21 59 Siemens AG Germany Electronics 24.0 57.7 35.5 62.0 162000 373000 47.4
e
22 33 Sony Corporation Japan Electronics 47.6 30.3 43.3 90000 151000 59.1
23 30 Alcatel Alsthom France Electronics 22.7 51.2 24.2 32.1 117400 191830 60.3
e
24 53 Hoechst Germany Chemicals 21.9 36.7 13.4 36.3 100035 161618 48.3
25 68 Renault SA France Automotive 21.2 44.6 19.1 36.8 40066 139950 42.7
26 62 Philip Morris United States Food/tobacco/beverages 19.5 53.8 27.7 66.1 88201 151000 45.5
27 24 British Petroleum United Kingdom Oil, gas, coal and rel. services 19.3 28.9 34.8 57.0 41350 58150 66.3
28 67 Du Pont (E.I.) De Nemours United States Chemicals 17.8 37.3 20.6 42.2 35000 105000 43.3
29 36 BASF AG Germany Chemicals 17.6 29.3 23.5 32.3 42850 106565 57.7
e
30 4 Seagram Company Ltd. Canada Beverages 17.5 21.4 9.5 9.7 14447 16100 89.7
31 23 B.A.T. Industries Plc United Kingdom Tobacco 17.5 55.1 29.3 36.3 155162 170412 67.9
e
32 79 Mitsui & Co., Ltd. Japan Diversified 16.6 68.5 66.6 163.3 3696 11378 32.5
33 28 Rhone-Poulenc SA France Chemicals/pharmaceuticals 16.1 27.6 12.4 17.0 47009 82556 62.8
e
34 38 BMW Germany Automotive 15.6 28.5 22.5 32.2 52416 115763 56.7
e
35 46 Honda Motor Co., Ltd. Japan Automotive 15.5 33.7 23.5 39.6 50937 96800 52.6
36 92 Itochu Corporation Japan Trading 15.1 72.0 45.1 186.6 2649 9994 23.9
37 29 TOTAL SA France Oil, gas, coal and rel. services 15.0 28.4 19.6 27.2 30215 53536 60.5
38 34 Ciba-Geigy AG Switzerland Chemicals 14.9 26.5 7.5 17.5 63674 84077 58.2
39 81 Nissho Iwai Corporation Japan Trading ...d 47.2 29.5 89.1 2103 e
6684 31.5

/...
( The world's top 100 TNCs ranked by foreign assets, 1995, continued)
Ranking by: Assets Sales Employment
For. assets Index a Corporation Economy Industry b Foreign Total Foreign Total Foreign Total Index a

40 95 Hitachi, Ltd. Japan Electronics 14.7 102.7 20.5 94.7 80000 331673 20.0
e
41 16 News Corporation Ltd. Australia Media 14.5 24.1 9.0 10.3 22062 30000 73.5
42 89 ENI Group Italy Oil, gas, coal and rel. services ...d 55.9 12.4 37.3 15713 e
86422 25.6
43 76 Chevron Corporation United States Oil, gas, coal and rel. services 13.8 34.3 11.9 36.3 12434 43019 34.0
44 39 Dow Chemical Company United States Chemicals 13.5 23.6 11.2 20.2 22185 39500 56.2
e
45 91 Marubeni Corporation Japan Trading 13.4 71.0 42.8 144.9 2307 9533 24.2
46 51 Hewlett-Packard Company United States Computers 13.0 24.4 17.6 31.5 42049 102300 50.0
47 61 Texaco Incorporated United States Oil, gas, coal and rel. services 12.2 24.9 18.2 35.6 10460 28247 45.8
e
48 98 AT&T Corp. United States Telecommunications 12.1 62.7 8.7 51.4 54371 300000 18.1
49 48 Procter & Gamble Company United States Diversified 12.1 28.1 16.8 33.4 62000 99200 51.9
50 45 Robert Bosch GmbH Germany Automotive ...d 19.9 14.0 25.0 66000 158372 52.7
e e
51 85 Sumitomo Corporation Japan Trading 12.0 50.7 58.4 152.5 11200 29.5
52 56 Daewoo Corporation Republic of Korea Diversified 11.9 28.9 8.2 26.0 28100 39920 47.7
53 21 Saint-gobain SA France Construction 11.7 18.6 9.6 13.5 67064 89852 69.7
54 3 Holderbank Financiere Switzerland Construction 11.5 12.5 6.5 7.0 40473 43923 92.1
55 14 Cable and Wireless Plc United Kingdom Telecommunication 11.2 13.8 5.9 8.5 30466 39636 75.6
56 77 Matsushita Electric Japan Electronics 11.1 75.6 28.9 64.1 107530 265538 33.5
e
57 69 Hanson Plc United Kingdom Construction 11.1 37.4 8.5 15.8 27034 65000 41.6
58 7 Electrolux AB Sweden Electronics 10.7 12.4 15.0 16.3 97351 112300 88.3
59 15 Volvo AB Sweden Automotive 10.7 20.7 21.8 25.6 67129 79050 73.8
e
60 55 Xerox Corporation United States Machinery and equipment 10.4 26.0 9.2 16.6 40717 85200 47.8
61 65 BCE Inc. Canada Telecommunications 10.2 28.4 10.7 18.1 46000 121000 44.4
e
62 82 Mitsubishi Motors Corp. Japan Automotive 10.2 27.7 7.8 33.0 8587 28383 30.3
63 74 International Paper United States Paper 10.1 24.0 5.5 19.8 30068 81500 35.6
64 2 Thomson Corporation Canada Publishing and printing 9.6 10.0 6.7 7.2 40000 44400 93.3
e
65 19 Grand Metropolitan Plc United Kingdom Food/beverages 9.5 17.5 11.4 12.6 45978 63533 72.4
66 90 Amoco Corporation United States Oil, gas, coal and rel. services 9.1 29.8 6.7 31.0 8872 42689 24.3
e
67 35 Michelin France Mechanical rubber goods 8.7 14.2 10.9 13.2 35091 114397 58.1
68 94 Nippon Steel Corporation Japan Metal ...d 42.0 5.6 27.5 8203 e
27583 23.5
69 13 Glaxo Wellcome Plc United Kingdom Pharmaceuticals 8.4 13.2 11.1 12.1 40392 54359 76.5
70 88 Fujitsu Limited Japan Electronics 8.4 40.3 10.3 35.1 50000 165000 24.9
e
71 42 McDonald’s Corporation United States Recreation 8.2 15.4 5.3 9.8 125000 212000 55.5
72 57 Motorola, Inc. United States Electronics 8.3 22.8 17.0 27.0 63200 142000 47.9
73 50 Johnson & Johnson United States Chemicals/pharmaceuticals 8.2 17.9 9.7 18.8 44300 82300 50.3
74 5 Solvay SA Belgium Chemicals ...d 8.9 8.8 9.3 36608 38616 89.6
75 52 Canon Electronics Inc. Japan Computers 8.0 23.9 14.1 21.0 35101 72280 49.6
e
76 26 BTR Plc United Kingdom Chemicals 7.9 15.3 11.0 14.0 81329 125065 65.0
77 80 BHP Australia Metals 7.8 21.8 4.4 12.7 12900 48500 32.3
78 12 Northern Telecom Ltd. Canada Telecommunication 7.7 9.4 9.2 10.7 42689 63715 78.4
e
79 84 Pepsico, Inc. United States Diversified 7.7 25.4 8.7 30.4 142008 480000 29.6
e
80 31 Coca-Cola Company United States Beverages 7.5 15.0 12.7 18.0 19238 32000 60.1

/...
( The world's top 100 TNCs ranked by foreign assets, 1995, concluded)
Ranking by: Assets Sales Employment
a b
For. assets Index Corporation Economy Industry Foreign Total Foreign Total Foreign Total Index a

81 47 Rtz Cra g United Kingdom/ Australia Mining 7.3 15.8 4.7 9.3 31616 51492 52.5
82 20 Petrofina SA Belgium Oil, gas, coal and rel. services 7.3 11.5 15.0 18.7 9262 13653 70.4
83 73 Mannesmann AG Germany Metals 7.2 15.8 7.6 22.3 42000 122684 37.9
84 58 Carrefour SA France Trading 7.2 13.1 11.2 29.5 51200 102900 47.6
85 11 SCA Sweden Paper 7.2 10.2 8.3 9.1 27165 34857 79.7
e
86 25 Pharmacia & Upjohn, Inc. United States Pharmaceuticals 7.2 11.5 4.7 6.9 22893 35000 65.4
87 100 Chrysler Corporation United States Automotive 7.0 53.3 5.9 53.2 25000 126000 14.7
88 64 Petroleos De Venezuela Venezuela Diversified/trading 6.8 40.5 24.5 26.0 13420 60007 44.4
e
89 63 Groupe Danone SA France Food 6.7 19.0 8.6 16.2 32770 73823 44.4
90 49 Sara Lee Corporation United States Food 6.7 12.4 7.1 17.7 91439 149085 51.7
91 72 American Home Products United States Pharmaceuticals 6.6 21.4 5.4 13.4 23196 64712 35.8
e
92 96 Toshiba Corporation Japan Electronics 6.5 51.8 12.7 47.7 36437 186000 19.6
93 97 NEC Corporation Japan Electronics 6.3 43.8 11.3 41.1 21059 152719 18.6
94 41 Thomson SA France Electronics 6.3 17.9 10.7 14.4 55215 96000 55.6
e
95 99 GTE Corporation United States Telecommunication 6.2 37.0 2.6 20.0 15751 106000 14.9
e
96 93 Atlantic Richfield United States Oil, gas, coal and rel. services 6.2 24.0 3.4 15.8 5168 22000 23.5
97 37 ICI United Kingdom Chemicals 6.1 14.7 9.5 15.9 45900 64800 57.4
98 60 United Technologies United States Aerospace 6.0 16.0 10.3 22.8 99700 170600 47.0
99 75 RJR Nabisco Holdings Corp. United States Food and tobacco 5.8 31.5 4.7 16.0 42066 76000 34.4
100 44 Pechiney SA France Metals 5.8 11.4 8.6 13.8 17979 37214 59.9

Source: World Investment Report 1997: Transnational Corporations, Market Structure and Competition Policy.
a The index of transnationality is calculated as the average of ratios of foreign assets to total assets, foreign sales to total sales and foreign employment to total
employment.
b Industry classification for companies follows the United States Standard Industrial Classification as used by the United States Security Exchange Commission
(SEC).
c Foreign sales are outside Europe whereas foreign employment figures are outside United Kingdom and the Netherlands.
d Data on foreign assets are either suppressed to avoid disclosure or they are not available. In case of non-availability, they are estimated on the basis of the ratio of
foreign to total sales, foreign to total employment and similar ratios for the transnationality index.
e Data on foreign employment are either suppressed to avoid disclosure or or they are not available. In case of non-availability, they are estimated on the basis of the
ratio of foreign to total sales, foreign to total assets and similar ratios for the transnationality index.
f Foreign assets, sales and employment figures are outside the United Kingdom and the Netherlands.
g Foreign assets, sales and employment figures are outside the United Kingdom and Australia.