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12. General Electric
General Electric
Financials: Latest Results
Rank: 12 (Previous rank: 12)
CEO: Jeffrey R. Immelt
Employees: 323,000
Address: 3135 Easton Turnpike
Fairfield, Connecticut  06828
Country: U.S.
Website: www.ge.com

GE touted its diversified portfolio as one that could weather any economic storm. Last year tested the conglomerate's claim and in the end, as Jeff Immelt acknowledged in his annual letter, "GE stock got hammered" -- a 57% drop in 2008. Despite unfavorable returns, the company still managed to take in $183 billion in sales, up almost 4% from 2007.

By Immelt's count, the 130-year-old business has survived nine recessions and one depression, so it's ready to refocus and figure out how to buck up. On his list: reducing costs by $5 billion, primarily through layoffs and spending cuts.

  $ millions % change from 2007
Revenues 183,207.0 3.7
Profits 17,410.0 -21.6
Assets 797,769.0
Stockholders' equity 104,665.0
Profits as % of  
Revenues 9.5
Assets 2.2
Rank Company Global 500
($ millions)
1 General Electric 12 183,207.0
2 Cie Nationale Portefeuille 404 22,655.6
3 Fannie Mae 405 22,652.0
4 Citic Group 415 22,229.1
5 Hypo Real Estate Holding 430 21,630.3
From the July 20, 2009 issue
Includes revenues from discontinued operations.
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Rank # of Global 500 Companies
U.S. 140
Japan 68
France 40
Company 2008 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,618,393
State Grid 1,537,000
Company 2008 Profits
($ millions)
Exxon Mobil $45,220
Gazprom $29,864
Royal Dutch Shell $26,277
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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