Our annual ranking of America's largest corporations

6 of 500
6. ConocoPhillips
Rank: 6 (Previous rank: 4)
CEO: James J. Mulva
Compare tool: ConocoPhillips vs. Top 10
When Warren Buffett said he was "dead wrong" to invest in ConocoPhillips, Conoco chief James Mulva must have taken note. The Texas-based oil company -- the nation's third largest -- has been going to great lengths trying to shore up its balance sheet by selling assets, reducing debt, and reining in capital spending.

In March, Conoco said it would sell half of its 20% stake in Lukoil, a move that could raise $5 billion. Other potential sales: the company's 9% stake in its oil sands venture Syncrude and its 50% ownership in the Flying J truck stop chain. --P.N.

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Key financials $ millions % change
from 2008
Revenues 139,515.0 -39.5
Profits 4,858.0 N.A.
Assets 152,588.0
Stockholders' equity 62,467.0
Market value (3/26/2010) 77,902.4
Profits as % of  
Revenues 3.5
Assets 3.2
Stockholders' equity 7.8
Earnings per share  
2009 $ 3.24
% change from 2008 N.A.
1999-2009 annual growth rate % 10.5
Total return to investors %
2009 2.9
1999-2009 annual rate 10.9
Rank Company 500
($ millions)
1 Exxon Mobil 2 284,650.0
2 Chevron 3 163,527.0
3 ConocoPhillips 6 139,515.0
4 Valero Energy 26 70,035.0
5 Marathon Oil 41 49,403.0
6 Sunoco 78 29,630.0
7 Hess 79 29,569.0
8 Murphy Oil 125 19,138.0
9 Tesoro 139 16,589.0
10 Western Refining 330 6,807.4
11 Holly 431 4,834.3
12 Frontier Oil 488 4,237.2
Issue date: May 3, 2010.
Revenues: Excise taxes have been deducted.
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600 N. Dairy Ashford Rd.
Houston, TX 77079
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Rank # of Fortune 500 Companies
California 57
Texas 57
New York 56
Company 2009 $ (millions)
Exxon Mobil $19,280.0
Microsoft $14,569.0
Wal-Mart Stores $14,335.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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