Rank: 5 (Previous rank: 6)
CEO: David J. O'Reilly
Address: 6001 Bollinger Canyon Rd.
San Ramon, California 94583
The perennial No. 2 U.S. oil company -- behind Exxon -- boosted profits by 28% in 2008, more than any other super major on this list. Sophisticated refineries helped Chevron blunt losses from crude's price drop in the second half of the year. In previous years, Chevron has been able to mask production declines at its oil fields with acquisitions, rising oil prices and its refining business.
But with production rates still lower than five years ago, Chevron is spending $23 billion this year to bolster overseas fields and expand refineries. That will take a while to pay off if oil prices remain depressed. The upside of low oil prices for Chevron is that the giant can buy small competitors on the cheap.
Industry: Petroleum Refining
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|Rank # of Global 500 Companies|
|Company||2008 Number of Employees|
|China National Petroleum||1,618,393|
|Royal Dutch Shell||$26,277|