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17. ConocoPhillips
ConocoPhillips
Financials: Latest Results
Rank: 17 (Previous rank: 7)
CEO: James J. Mulva
Employees: 30,000
Address: 600 N. Dairy Ashford Rd.
Houston, Texas  77079
Country: U.S.
Website: www.conocophillips.com
Crashing ten spots down from last year’s list, ConocoPhillips led the way in Big Oil job cuts last year, slashing about 10% of its workforce. The bloodletting from its payrolls helped stop the bleeding on its balance sheet: The company rebounded from a 2008 loss to turn a profit in 2009.

The company has begun plans to restructure and shed its less profitable operations: It is selling half its stake in Russian oil company Lukoil, as well as a smaller stake in Canadian oil-sands project Syncrude. ConocoPhillips also hopes to also unload much of its investment in oil refining -- if it can ever find a buyer.

-- Alex Konrad

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Is ConocoPhillips a great company, or what?
  $ millions % change from 2008
Revenues 139,515.0 -39.5
Profits 4,858.0 N.A.
Assets 152,588.0 --
Stockholders' equity 62,467.0 --
Profits as % of  
Revenues 3.5
Assets 3.2
From the July 26, 2010 issue
Excise taxes have been deducted.
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Rank # of Global 500 Companies
U.S. 139
Japan 71
China 46
Company 2009 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,649,992
State Grid 1,533,800
Company 2009 Profits
($ millions)
Gazprom $24,556
Exxon Mobil $19,280
Industrial & Commercial Bank of China $18,832
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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