Our annual ranking of the world's largest corporations

19 of 500
19. General Motors
General Motors
Financials: Latest Results
Rank: 19 (Previous rank: 20)
CEO: Daniel F. Akerson
Employees: 207,000
Address: 300 Renaissance Center
Detroit, Michigan 48265
Country: U.S.
Website: www.gm.com

General Motors accomplished quite a feat under CEO Dan Akerson, who in 2010 led the company through the then-biggest IPO in history after recovering from bankruptcy the year before. In 2011, the company posted record profits of $7.6 billion.

But GM is not out of hot water yet. The U.S. Treasury still owns 500 million shares of the company, and shareholders are clamoring for better post-IPO stock performance. CEO Akerson agrees. At GM's annual meeting in Detroit, Akerson apologized for the fact that the stock is down 33% since the IPO. GM is the fifth largest Fortune 500 company in terms of revenue, Akerson said, but the 20th in terms of profit. His goal is to close the gap. --S.D.

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  $ millions % change from 2010
Revenues 150,276.0 10.8
Profits 9,190.0 48.9
Assets 144,603.0 --
Stockholders' equity 38,120.0 --
Profits as % of  
Revenues 6.1
Assets 6.3553
From the July 23, 2012 issue
The U.S. Treasury owned 31.9% of the outstanding shares of the company's common stock as of Feb. 15, 2012.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
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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