Our annual ranking of the world's largest corporations

8 of 500
8. Chevron
Financials: Latest Results
Rank: 8 (Previous rank: 10)
CEO: John S. Watson
Employees: 61,189
Address: 6001 Bollinger Canyon Rd.
San Ramon, California 94583
Country: U.S.
Website: www.chevron.com

Chevron has managed to hold strong throughout the tough economic environment, raising its net income by 41.4% in 2011, up from just over $19 billion in 2010. The company is also generating a lot of positive buzz surrounding its development of a new ethylene plant -- one of the first to be built in the U.S. in more than a decade. The expansion comes at a time when lightweight plastics derived from ethylene are in high demand for the production of electric vehicles. According to market analyst firm Frost & Sullivan, the use of plastics in EVs is expected to reach a market revenue of $73 million by 2017, up from $500,000 in 2010. -- S.J.

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  $ millions % change from 2010
Revenues 245,621.0 25.1
Profits 26,895.0 41.4
Assets 209,474.0 --
Stockholders' equity 121,382.0 --
Profits as % of  
Revenues 10.9
Assets 12.8393
From the July 23, 2012 issue
Excise taxes have been deducted.
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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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