Rank: 2 (Previous rank: 3)
CEO: Rex W. Tillerson
Address: 5959 Las Colinas Blvd.
Irving, Texas 75039
Exxon Mobil topped the Fortune 500 this year with a banner 2011, raking in $41.1 billion in profits, up 35% from the previous year. To keep the energy giant growing, CEO Rex Tillerson has made a big bet on natural gas. The company now produces roughly as much natural gas as oil. Tillerson believes the long-term play will pay off over the next 25-30 years.
In the short term, the price of natural gas remains low in the U.S. and other markets. This past quarter, Exxon Mobil's profits decreased by about 11.3% from the previous year, due to a decrease in oil and gas production, according to the company. Like other oil majors, Exxon Mobil is champing at the bit to boost production by drilling in the Arctic this year. –S.D.
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|Company||2011 Number of Employees|
|China National Petroleum||1,668,072|