Rank: 4 (Previous rank: 4)
CEO: Robert W. Dudley
Address: 1 St. James Sq.
London SW1Y 4PD
Not even the past year's massive oil spill in the Gulf of Mexico can really sink BP. BP has said it would raise $30 billion to pay for the claims following the explosion of the Deepwater Horizon rig, and the company has shucked assets throughout the year to do so.
BP's Arctic exploration deal with Russian company Rosneft was supposed to be the company's big comeback since the spill, but the deal has been blocked by one of BP's other Russian partners, TNK-BP, because of alleged competing interests.
Still, BP likely has the capacity to raise the cash it needs to meet its $30 billion goal. Looking forward, the company has oil plays in the Middle East and oil sands development in Canada in the works. BP says it plans to launch a total of 32 new projects between 2010 and 2016. --S.D.
Subscribe to Fortune Magazine
Is BP a great company, or what?
|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|