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Fortune's Global 500 list loaded with oil producers

Posted Jul 11th 2007 5:19PM by Michael Fowlkes (RSS feed)
Filed under: Good news, Press Releases, Industry, Magazines, Competitive Strategy, Wal-Mart (WMT), Daimler (DAI), General Motors (GM), Exxon Mobil (XOM), Toyota Motor Corp. (TM), Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP), Oil

Fortune released this year's Global 500 list today, and this years top 10 list is loaded with oil producers. This year's #1 slot goes to Wal-Mart Stores, Inc. (NYSE: WMT) but after that we see a whole slew of big oil names hitting the list.

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 ~~revenues~~ profits last year of $39.5 billion compared to Wal-Marts ~~revenues~~ profit of $11.2 billion.

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:

Continue reading Fortune's Global 500 list loaded with oil producers