4 Indian oil companies on Fortune 500 list
Tuesday, July 13, 2004 (New York):
Indian Oil, Bharat Petroleum, Hindustan Petroleum and Reliance Industries have made it to the list of 500 top companies worldwide compiled by Fortune magazine.
All four have improved their position since Fortune 2003 list but none is listed among top 50 Asian companies.
IOC holds steady
Indian Oil, with a revenue of over $ 25,316 million occupies 189th position, a slight improvement over last year when it occupied 191st position.
Its revenue, the magazine said, has increased by 12.5 per cent since 2002 and profits at $1,631 million are up by 19.9 per cent. The company employs 37,158 people and its assets have been estimated at $13,956.6 million.
BPCL numbers up
Way behind is Bharat Petroleum whose revenue of $12,053.7 million gives it a ranking of 450 among top 500. It had not made the list last year.
The company's revenue is up by 16.1 per cent since 2002 and profits at $442.8 million have gone up by 38 per cent.
HPCL, Reliance debut on list
Just behind, Hindustan Petroleum occupies 462nd position with a revenue of $11,750.5 million which gives it a profit of $430.2 million.
Its revenue since 2002 has gone up by 12.9 per cent and profits by 41.8 percent.
Last to make the grade is Reliance Industries, on the 482nd position. Its revenue at $11,327.7 million shows an increase of 19.4 per cent since 2002, and profits at $1,125.5 million are up by 32.7 per cent.
Neither Hindustan Petroleum nor Reliance Industries had made the list last year. (PTI)