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The oil giant may not be the biggest company in the U.S., but it's by far the most profitable: Driven by higher prices for crude -- as well as big gains in its natural gas and chemicals businesses -- profits at Exxon Mobil topped $30 billion, a whopping 58% jump.
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With its eye on growth, the company recently launched a massive joint venture in Qatar and an offshore well in eastern Russia. It also is making a big push into alternative energies, investing in biofuels and expanding operations designed to cut greenhouse gases. --P.N. Is Exxon Mobil a great company, or what?
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Industry: Petroleum Refining
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| Rank # of Fortune 500 Companies | |
|---|---|
| New York | 57 |
| California | 53 |
| Texas | 51 |
| Company | Rank |
|---|---|
| Microsoft | 38 |
| Goldman Sachs | 54 |
| Intel | 56 |
| Company | 2010 $ (millions) |
|---|---|
| Exxon Mobil | $30,460.0 |
| AT&T | $19,864.0 |
| Chevron | $19,024.0 |
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