6 of 500
BP
BP
6
Financials: Latest Results
Rank: 6
Previous rank: 4
CEO: Robert W. Dudley
Employees: 85,700

Many oil companies have been slimming down -- mostly selling refining assets -- but BP has an extra incentive to get trim. The company has needed to raise $30 billion in cash to pay for the damages from the Deepwater Horizon rig explosion three years ago.

Overall oil and gas production is down at BP, but the mandatory sales have forced the company to focus on its most profitable assets. BP also completed its long belabored sale of Russian oil and gas company TNK-BP, which helped boost earnings and net profits for the first quarter of 2013.

As for the Deepwater spill, BP is still dealing with the repercussions. The trial to determine the company's liability ended this past April. It may be a year or more before Louisiana-based judge Judge Carl Barbier announces the final verdict, and that's only if the case isn't settled out of court.

Headquarters:
1 St. James's Sq.
London. SW1Y 4PD
Britain
44-20-7496-4000
Website: www.bp.com
Key financials
$ millions
% change from 2011
Revenues
388,285
0.5
Profits
11,582
-54.9
Assets
300,193
Stockholder's equity
118,414
Profits as % of
Revenues
3
Assets
3.9
From the July 22, 2013 issue

Notes:
Figures prepared in accordance with International Accounting Standards.
Excise taxes have been deducted.
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Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. More
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