Jumping up by 70 places, Indian Oil Corporation (IOC) has been ranked at 142nd position in Fortune's Global 500 list. IOC is the third best ranked among the Indian companies. In the year 2021, IOC was placed at 212nd position on Fortune's Global 500 list.
Fortune Global 500 list ranks companies by total revenues for their respective fiscal years ended on or before March 31, 2022. In the latest Fortune Global 500 list, there are nine companies from India. Five of them are from the public sector, and four are from the private sector.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
