Rank: 10 (Previous rank: 9)
CEO: James J. Mulva
Employees: 32,600
Address: 600 N. Dairy Ashford Rd.
Houston, Texas 77079
Country: U.S.
Website: www.conocophillips.com
Dropping one spot on our list, ConocoPhillips saw a steep 23.5% decline in profits. The Texas-based company spent some $5.4 billion to reduce debt - incurred after the Burlington Resources acquisition in 2006 - and took a $4.5 billion hit due to Venezuela’s expropriation of Conoco’s assets.
ConocoPhillips did make advances in the energy field, however, by teaming up with Tyson Foods to further its work in the biofuels industry.
|
Revenues |
178,558.0 |
3.5 |
Profits |
11,891.0 |
-23.5 |
Assets |
177,757.0 |
|
Stockholders' equity |
88,983.0 |
|
4 | Chevron | 6 | 210,783.0 | 5 | Total | 8 | 187,279.5 | 6 | ConocoPhillips | 10 | 178,558.0 | 7 | Sinopec | 16 | 159,259.6 | 8 | China National Petroleum | 25 | 129,798.3 | 9 | ENI | 27 | 120,564.7 | 10 | Valero Energy | 49 | 96,758.0 | 11 | Statoil Hydro | 59 | 89,223.9 | 12 | Petrobras | 63 | 87,735.0 | 13 | SK Holdings | 86 | 70,716.9 | 14 | Lukoil | 90 | 67,205.0 | 15 | Repsol YPF | 92 | 67,006.4 | 16 | Petronas | 95 | 66,218.2 | 17 | Marathon Oil | 108 | 60,044.0 | 18 | Indian Oil | 116 | 57,427.0 | 19 | Nippon Oil | 117 | 57,049.2 | 20 | PTT | 135 | 51,192.5 | 21 | Sunoco | 168 | 42,101.0 | 22 | Rosneft Oil | 203 | 36,184.0 | 23 | Reliance Industries | 206 | 35,914.9 | 24 | Nippon Mining Holdings | 215 | 35,139.5 | 25 | Hess | 240 | 31,924.0 | 26 | Idemitsu Kosan | 262 | 29,843.9 | 27 | GS Holdings | 267 | 29,476.7 | 28 | Bharat Petroleum | 287 | 27,872.8 | 29 | Hindustan Petroleum | 290 | 27,717.9 | 30 | OMV Group | 295 | 27,432.8 | 31 | Cosmo Oil | 302 | 26,568.0 | 32 | Cepsa | 313 | 25,853.2 | 33 | CPC | 324 | 24,808.0 | 34 | Tesoro | 388 | 21,675.0 | 35 | Formosa Petrochemical | 395 | 21,343.8 | 36 | Petro-Canada | 430 | 19,788.8 | 37 | Murphy Oil | 456 | 18,439.1 | 38 | PKN Orlen Group | 477 | 17,567.3 | 39 | Galp Energia | 484 | 17,331.3 |
From the July 21, 2008 issue
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