(Fortune) -- Norsk Hydro ASA (Charts) ranks no. 222 on FORTUNE's Global 500 this year, with $27.0 billion in revenues, up 10.1% from the previous year. The Oslo, Norway-based company was ranked no. 216 on the 2005 list. Its 2005 profits were $2.4 billion, up 30.2% from a year earlier.

2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP.

In the Metals industry, profits were up 9.1% from the previous year. The world's biggest companies in the sector are: Arcelor, ranked no. 137 on the Global 500 with $40.5 billion in revenues; Nippon Steel Corporation, ranked no. 168 on the Global 500 with $34.5 billion in revenues; Mittal Steel (Charts), ranked no. 208 on the Global 500 with $28.1 billion in revenues; and JFE Holdings, ranked no. 218 on the Global 500 with $27.4 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at http://money.cnn.com/global500

Plus: See Norsk Hydro ASA's Global 500 details, including financial stats and contact information.