12 of 500
12. ConocoPhillips
Financials: Latest Results
Rank: 12 (Previous rank: 17)
CEO: James J. Mulva
Employees: 29,700
Address: 600 N. Dairy Ashford Rd.
Houston, Texas  77079
Country: U.S.
Website: www.conocophillips.com

ConocoPhilips may be the 12th largest company in the world, but it is actually quite trim. It spent much of 2009 shedding assets, most notably Russian company LUKOIL.

The energy giant has made a comeback from its No. 17 ranking on last year's Global 500 list. It's also one of the most profitable companies in the Fortune 500, thanks to improved refining margins and excellent sales from its chemicals division. All in all, Conoco has come a long way since 2008, when it endured a loss.

Conoco will likely continue to sell more assets and narrow its focus to its core business. The company says it plans to shift away from several natural gas assets since it forecasts that the price of the fuel will stay low in the short term. --S.D.

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  $ millions % change from 2009
Revenues 184,966.0 32.6
Profits 11,358.0 133.8
Assets 156,314.0 --
Stockholders' equity 68,562.0 --
Profits as % of  
Revenues 6
Assets 7.3
From the July 25, 2011 issue
Excise taxes have been deducted.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
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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