Global 500 rank: 9 (Previous rank: 10)
Profits (millions): $15,550
Change from 2005: 14.9%
Get quote: COP
Since 2003, when Conoco merged with Phillips Petroleum, the company has seen fantastic profit growth, even for an oil giant: 72% in 2004 and 66% in 2005, due mostly to skyrocketing natural-gas prices. Last year, however, profits grew just 15% as an increase in U.S. natural-gas supply in the fourth quarter pushed prices down.
See more Global 500 data for ConocoPhillips