Fortune Magazine releases list of world’s most admired mining companies

 Fortune Magazine’s has released its annual list of the world’s most admired companies, with BHP ranked in the top five for mining and petroleum.

The 15th annual survey is carried out by Fortune and Hay Group, and analyses companies according to what makes them successful and why.

BHP Billiton was the top ranking Australian company in the list, coming in at fourth globally.

However, this was a drop from its previous position of second last year.

The top ten for Mining and Crude Oil Production

1. Occidental Petroleum

2. Apache

3. Devon Energy

4. BHP Billiton

5. Oil & Natural Gas

6. China National Offshore Oil

7. EnCana

8. BG Group

9. Rio Tinto

10. Glencore International

Xstrata came in at 11th, while Anglo American ranked 14th, Shenhua Group 15th, and Vale rounded out the list at 16th.

According to Hay Group head of consulting Anand Shankaran, four critical factors help to distinguish companies from one another.

These factors are "executing and enabling strategy, building structures and processes to sustain long-term performance, achieving success through people, and placing a high value on leadership and talent".

Shankaran went on to say that "over the past 15 years, we have seen the composition of the World’s Most Admired Companies list change, but the attributes that enable those companies to excel have remained the same".

While no mining companies made the top 50 global list, mining machinery companies Caterpillar and Deere ranked in at 19th and 38th respectively.

The top five most admired companies in order were Apple, Google, Amazon.com, Coca-Cola, and IBM.

 

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