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Rank: 17 (Previous rank: 7)
CEO: James J. Mulva Employees: 30,000 Address: 600 N. Dairy Ashford Rd. Houston, Texas 77079 Country: U.S. Website: www.conocophillips.com Crashing ten spots down from last year’s list, ConocoPhillips led the way in Big Oil job cuts last year, slashing about 10% of its workforce. The bloodletting from its payrolls helped stop the bleeding on its balance sheet: The company rebounded from a 2008 loss to turn a profit in 2009.
The company has begun plans to restructure and shed its less profitable operations: It is selling half its stake in Russian oil company Lukoil, as well as a smaller stake in Canadian oil-sands project Syncrude. ConocoPhillips also hopes to also unload much of its investment in oil refining -- if it can ever find a buyer. -- Alex Konrad Subscribe to Fortune Magazine Is ConocoPhillips a great company, or what?
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| Company | 2009 Number of Employees |
|---|---|
| Wal-Mart Stores | 2,100,000 |
| China National Petroleum | 1,649,992 |
| State Grid | 1,533,800 |
| Company | 2009 Profits ($ millions) |
|---|---|
| Gazprom | $24,556 |
| Exxon Mobil | $19,280 |
| Industrial & Commercial Bank of China | $18,832 |
