Latin America's Top Companies Forecast Revenues Company, Country 2014F 2015F % Ch. Avg. US$ Mill US$ Mill '15/'14 # of est. Petrobras, Brazil $145,202 $124,891 -14.0 % 12 América Móvil, Mexico $64,112 $64,938 1.3 % 14 JBS, Brazil $51,141 $48,014 -6.1 % 7 Vale, Brazil $38,131 $36,920 -3.2 % 24 Wal-Mart de Mexico $33,376 $33,853 1.4 % 14 Ecopetrol, Colombia $30,383 $24,906 -18.0 % 11 Grupo Ultra, Brazil $28,660 $28,691 0.1 % 3 CBD, Brazil $27,354 $26,066 -4.7 % 9 Femsa, Mexico $21,610 $21,475 -0.6 % 14 Braskem, Brazil $19,565 $16,773 -14.3 % 8 Gerdau, Brazil $17,805 $16,653 -6.5 % 12 YPF, Argentina $17,140 $18,426 7.5 % 10 Alfa, Mexico $16,859 $17,701 5.0 % 10 Cemex, Mexico $15,738 $16,845 7.0 % 18 AmBev, Brazil $15,620 $16,469 5.4 % 10 Telefonica, Brazil $14,918 $13,414 -10.1 % 12 Grupo Bimbo, Mexico $14,337 $14,603 1.9 % 12 Oi, Brazil $14,062 $12,589 -10.5 % 11 BR Foods, Brazil $13,501 $11,454 -15.2 % 5 Coca-Cola Femsa, Mexico $12,775 $12,755 -0.2 % 10 Latam Airlines, Chile $12,610 $12,658 0.4 % 12 Enersis, Chile $11,581 $12,124 4.7 % 4 Tenaris, Argentina $10,948 $9,977 -8.9 % 11 Grupo Mexico, Mexico $9,513 $10,267 7.9 % 13 Marfrig, Brazil $8,733 $8,166 -6.5 % 10 TIM , Brazil $8,234 $7,917 -3.8 % 6 Org. Soriana , Mexico $7,611 $7,748 1.8 % 16 Cemig, Brazil $7,472 $6,217 -16.8 % 2 CSN, Brazil $7,004 $6,070 -13.3 % 3 Lojas Americanas, Brazil $6,731 $7,004 4.1 % 8 Alpek, Mexico $6,259 $5,932 -5.2 % 10 Grupo Carso, Mexico $6,137 $6,660 8.5 % 4 InRetail Peru $6,125 $6,890 12.5 % 5 Liverpool, Mexico $6,074 $6,336 4.3 % 6 Embraer, Brazil $6,007 $6,882 14.6 % 17 Grupo Televisa, Mexico $5,949 $6,311 6.1 % 11 Southern Copper, USA $5,919 $6,370 7.6 % 15 Mexichem, Mexico $5,474 $5,894 7.7 % 10 Grupo Chedraui, Mexico $5,333 $5,368 0.7 % 11 Usiminas, Brazil $5,106 $4,560 -10.7 % 13 Arca Continental, Mx $4,674 $4,680 0.1 % 12 Ind. Peñoles , Mexico $4,581 $4,712 2.9 % 7 Eletropaulo, Brazil $4,415 $3,876 -12.2 % 8 GOL, Brazil $4,304 $3,989 -7.3 % 7 Magazine Luiza, Brazil $4,193 $3,825 -8.8 % 6 Telecom, Argentina $3,961 $4,163 5.1 % 8 Gruma, Mexico $3,915 $3,652 -6.7 % 9 Comercial Mexicana, Mexico $3,615 $3,655 1.1 % 6 Grupo Lala, Mexico $3,399 $3,381 -0.5 % 8 Natura, Brazil $3,157 $2,971 -5.9 % 11 Grupo Sanborns, Mexico $3,087 $3,179 3.0 % 8 Fibria, Brazil $2,989 $2,739 -8.4 % 5 Sources: Thomson Reuters, Latin Trade. © Copyright Latin Business Chronicle/Latin Trade $0 $25,000 $50,000 $75,000 $100,000 $1 Petrobras, Brazil América Móvil, Mexico JBS, Brazil Vale, Brazil Wal-Mart de Mexico Ecopetrol, Colombia Grupo Ultra, Brazil CBD, Brazil Femsa, Mexico Braskem, Brazil Gerdau, Brazil YPF, Argentina Alfa, Mexico Cemex, Mexico AmBev, Brazil Telefonica, Brazil Grupo Bimbo, Mexico Oi, Brazil BR Foods, Brazil Coca-Cola Femsa, Mexico Latam Airlines, Chile Enersis, Chile Tenaris, Argentina Grupo Mexico, Mexico Marfrig, Brazil TIM , Brazil Org. Soriana , Mexico Cemig, Brazil CSN, Brazil Lojas Americanas, Brazil Alpek, Mexico Grupo Carso, Mexico InRetail Peru Liverpool, Mexico Embraer, Brazil Grupo Televisa, Mexico Southern Copper, USA Mexichem, Mexico Grupo Chedraui, Mexico Usiminas, Brazil Arca Continental, Mx Ind. Peñoles , Mexico Eletropaulo, Brazil GOL, Brazil Magazine Luiza, Brazil Magazine Luiza, Brazil Telecom, Argentina Gruma, Mexico Comercial Mexicana, Mexico Grupo Lala, Mexico Natura, Brazil Grupo Sanborns, Mexico Fibria, Brazil 125,000 $150,000 Column B Column C .