Our annual ranking of the world's largest corporations

4 of 500
4. BP
Financials: Latest Results
Rank: 4 (Previous rank: 4)
CEO: Robert W. Dudley
Employees: 83,400
Address: 1 St. James Sq.
London, SW1Y 4PD
Country: Britain
Website: www.bp.com

With the Deepwater Horizon oil spill in the Gulf of Mexico two years ago, BP was forced to sell $30 billion of its assets to pay for related costs and claims, but with profits rebounding from a $3.3 billion loss in 2010 to nearly $26 billion last year, it appears the third-largest energy company in the world is well on its way to righting itself.

Throughout 2011, the company focused on three main priorities reviewing and restructuring its safety procedures, cooperating with efforts related to the oil spill, and establishing a 10-point plan to grow its operating cash flow. We remained mindful of the tragic events seen in 2010 and the need to ensure such an accident never happens again, wrote BP chairman Carl-Henric Svanberg in a letter to shareholders. -- J.P. Mangalindan, writer

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  $ millions % change from 2010
Revenues 386,463.0 25.1
Profits 25,700.0 N.A.
Assets 293,068.0 --
Stockholders' equity 111,465.0 --
Profits as % of  
Revenues 6.7
Assets 8.7693
From the July 23, 2012 issue
Figures prepared in accordance with International Accounting Standards.
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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