Rank: 17 (Previous rank: 7)
CEO: James J. Mulva
Address: 600 N. Dairy Ashford Rd.
Houston, Texas 77079
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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|Company||2009 Number of Employees|
|China National Petroleum||1,649,992|