Following closely on the heels of Wal-Mart comes the world's largest oil company, Exxon Mobil Corp. (NYSE: XOM) who briefly unseated Wal-Mart as the perennial top spot winner last year. Exxon Mobil came up just a little bit shy this year of the top sport and allowed Wal-Mart to get back on top for the fifth time in the last six years. Wal-Mart claimed the top spot this year with $351.1 billion which was slightly higher than Exxon's $347.2 billion.
Even though Exxon was unable to claim the top spot again for the largest company, it does get to boast being the most profitable company in the world, with
After Exxon on the list we see a whole slew of oil companies dominating the top spots. Other oil players ranking in the top ten are:
- Royal Dutch Shell (NYSE: RDS.A, RDS.B) comes in fourth with $318.8 billion in revenues
- BP plc (NYSE: BP) takes the fifth spot with $274.3 billion in revenues
- Chevron (NYSE: CVX) takes the seventh slot with $200.5 billion in revenues last year
- ConocoPhillips (NYSE :COP) ranks ninth with $172.4 billion worth of revenues
- Total (NYSE: TOT) rounds out the top ten list at number 10 with $168.3 billion.
All in all, a great showing for oil companies, but I guess that was to be expected. With last year's record high oil prices it makes sense that the list would be loaded with oil players, and with the recent trend that we are seeing in oil prices again this year don't be surprised to see many of these same names show up again in 2008.
You can find a full list of all the Fortune Global 500 companies here. If you would like to see how your company moved in the rankings last year, you can compare this years list with the 2006 results.
Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer
DISCLOSURE: Mr. Fowlkes owns and/or controls diversified portfolios of long and short stock and option positions that include holdings in XOM.
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Reader Comments (Page 1 of 1)
7-11-2007 @ 11:21PM
Chris Kerns said...
$39.5 billion and $11.2 billion are the profits (Net Income) for Exxon and Walmart, respectively, not their revenues.
I am confident you know that, but thought I would throw that out there since you threw out net income numbers in the midst of top line revenue numbers.
Chris
7-12-2007 @ 2:21AM
john said...
The only thing more hated than walmart these days by the loonie left would be the oil companies. Yeah for profits!!
7-12-2007 @ 6:36AM
hal c said...
I know it's not the subject of this blog but didn't Exxon recently argue that it couldn't afford to continue paying for the Valdez spill? I guess 39 billion just doesn't go as foar as it used to.