Rank: 12 (Previous rank: 17)
CEO: James J. Mulva
Address: 600 N. Dairy Ashford Rd.
Houston, Texas 77079
ConocoPhilips may be the 12th largest company in the world, but it is actually quite trim. It spent much of 2009 shedding assets, most notably Russian company LUKOIL.
The energy giant has made a comeback from its No. 17 ranking on last year's Global 500 list. It's also one of the most profitable companies in the Fortune 500, thanks to improved refining margins and excellent sales from its chemicals division. All in all, Conoco has come a long way since 2008, when it endured a loss.
Conoco will likely continue to sell more assets and narrow its focus to its core business. The company says it plans to shift away from several natural gas assets since it forecasts that the price of the fuel will stay low in the short term. --S.D.
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|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|