Sixteen Minnesota-based companies appear on Forbes' recently released list of the 2,000 largest public companies in the world.

And of those 16 local businesses, nine rank in the top 500.

To compile the “Global 2,000” list of the “world's biggest public companies,” Forbes considers four metrics: sales, profits, assets, and market value. Companies are ranked based on each of the four metrics and assigned a corresponding score; each metric is given equal weight to create a composite score, which is then used to determine the overall ranking.

Exxon Mobil topped Forbes' list, with sales of $433.5 billion, profits of $41.1 billion, $331.1 billion in assets, and a $407.4 billion market value. The second and third spots went to two other U.S.-based businesses-JPMorgan Chase and General Electric-while Netherlands-based Royal Dutch Shell and China-based ICBC rounded out the top five.

Below is a look at the Minnesota companies that made the cut, including their overall rank and annual revenue. For more in-depth data on the Minnesota companies-including profits, assets, and market value-click here.

• UnitedHealth Group (105th), $101.9 billion
• U.S. Bancorp (122nd), $21.4 billion
• Target (159th), $69.9 billion
• 3M (193rd), $29.6 billion
• Medtronic (259th), $16.2 billion
• General Mills (397th), $15.8 billion
• Ameriprise Financial (422nd), $10.2 billion
• Mosaic (465th), $11.2 billion
• Best Buy (468th), $50.6 billion
• Xcel Energy (554th), $10.7 billion
• Ecolab (785th), $6.8 billion
• St. Jude Medical (941st), $5.6 billion
• C.H. Robinson Worldwide (1,067th), $10.3 billion
• Hormel Foods (1,254th), $8 billion
• Supervalu (1,291st), $36.5 billion
• Fastenal (1,463rd), $2.8 billion

To access the entire Forbes list, click here. For a detailed explanation of the methodology used to compile the list, click here.