GasTerra

The European edition of the Fortune 500, ranking companies by revenue.

Fortune 500 Europe

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

Fortune Global 500

The first-ever European edition of the Fortune 500, ranking companies by revenue. 

Fortune500_Europe

GasTerra won’t exist soon. For decades, the company has traded and supplied natural gas, as the sole purchaser from Europe’s largest onshore gas field, Groningen in the Netherlands. However, seismic activity prompted the Dutch government, which owns half of GasTerra, to announce last decade that it would permanently close the field as early as this year. Together with remaining shareholders Shell and Exxon Mobil, the government decided to wind down GasTerra too, with operations slated to cease by the end of 2026.   
<ul> 
 	<li data-leveltext="●" data-font="Verdana" data-listid="39" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Verdana&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;●&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="1" data-aria-level="1">GasTerra was originally set to close at the end of 2024, but as CEO Annie Krist described it, “We have just been through a bizarre year”. With gas prices spiraling and Gazprom cutting off supply to the business in May 2022 amid sanctions related to the Russia-Ukraine war, energy security has come into focus.  </li> 
 	<li data-leveltext="●" data-font="Verdana" data-listid="39" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Verdana&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;●&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}" data-aria-posinset="2" data-aria-level="1">GasTerra revenue rose 140.3% to $37.3 billion last year—a record for the company—as energy prices rose. However, as costs were also up, net profit remained minimal, at $37.9 million.</li> 
</ul>

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

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