Our annual ranking of the world's largest corporations

2 of 500
2. Exxon Mobil
Exxon Mobil
Financials: Latest Results
Rank: 2 (Previous rank: 3)
CEO: Rex W. Tillerson
Employees: 99,100
Address: 5959 Las Colinas Blvd.
Irving, Texas 75039
Country: U.S.
Website: www.exxonmobil.com

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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  $ millions % change from 2010
Revenues 452,926.0 27.7
Profits 41,060.0 34.8
Assets 331,052.0 --
Stockholders' equity 154,396.0 --
Profits as % of  
Revenues 9.1
Assets 12.4029
From the July 23, 2012 issue
Excise taxes have been deducted.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
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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