BHP is Australia’s highest revenue earner

Upon releasing its list of the world’s 500 largest corporations (based on each company’s respective fiscal years ending on or before March 31, 2013), Fortune revealed that BHP Billiton (ASX: BHP) is Australia’s top ranked company when measured by revenue, coming in at 115 worldwide.

Having recorded a revenue of US$72.2 billion, the company exceeded seven other Australian companies that made it to the top 500, including the big four banks, Telstra (ASX: TLS) and supermarket conglomerates Wesfarmers (ASX: WES) and Woolworths (ASX: WOW).

It was the world’s largest oil companies however, that really dominated the list. Whilst the price of crude oil remained above US$100 per barrel for most of the year through to March, six oil companies made it to the top 10, including Royal Dutch Shell (NYSE: RDS-A; RDS-B) – which was the highest ranked company, recording US$481.7 billion in revenues – Exxon Mobil (NYSE: XOM) and British Petroleum.

However, whilst Royal Dutch Shell managed to return a profit of US$26.6 billion, Exxon took the honor of being named the most profitable organisation, returning a profit of $44.9 billion. Following closely behind Exxon was tech giant Apple (NASDAQ: AAPL), which recorded $41.7 billion in revenue – enough to silence at least a few skeptical investors.

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Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned in this article.

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