Global 500 rank: 4 (Previous rank: 4)
Profits (millions): $22,000
Change from 2005: -1.5%
Get quote: BP
A major spill and two pipeline shutdowns in Alaska helped sink BP's profits, down 1.5% last year. Not only did safety and repair costs increase, but the shutdowns reduced BP's oil production. The company was also forced to start selling its Russian venture, BP-TNK, under pressure from the Kremlin, resulting in a steep production drop in the fourth quarter.
See more Global 500 data for BP
BP
|  Old-economy outfits top Fortune's annual Global 500 list, thanks to rising oil prices and a slew of mergers that drove record profits. (more)  Wal-Mart retakes the lead as the world's biggest company. See which other outfits top our list. (more)  Which automaker lost a whopping $12.6 billion last year? And just how far into the red are stalwarts like Goodyear and Tyson Foods? (more) |
