FORTUNE 500 -2012 LIST
TOP 10 COMPANIES
The latest list of Fortune 500 companies , as
always, has interesting details – of companies, moving up, down, out, in and so
on. The details of the TOP 10 COMPANIES are given below in brief. All these are
Great companies worth the attention of the world.
Interested Readers can see
the full List and details at : http://money.cnn.com/magazines/fortune/fortune500/2012/full_list/
1.
Exxon Mobil : Rank: 1 (Previous rank: 2)
CEO: Rex W. Tillerson
It's tough to beat the kind of
year Exxon Mobil had in 2011. Shares rose by 20% and profits surged by 35% to
$41.1 billion. Revenues jumped 28% to $452.9 billion, helping Exxon reclaim the
top spot in the Fortune 500.
Exxon has certainly benefited
from rising oil prices, particularly during the last quarter of 2011. But the company
has also positioned itself well to capitalize on the latest controversial trend
in domestic energy production: Fracking. Exxon now produces just about as much
gas as it does oil, thanks to its $35 billion purchase of XTO Energy in 2010.
As CEO Rex Tillerson told Fortune recently, with world demand for energy
expected to rise considerably during the coming decades, the shale gas party
has just begun.
Key financials $
millions % change from 2010
Revenues 452,926.0
27.7
Profits 41,060.0 34.8
Assets 331,052.0 —
Market value (3/29/2012) 405,714.1
—
Earnings per share : 2011 $ : 8.42
Industry: Petroleum Refining
2. Wal-Mart Stores : Rank:
2 (Previous rank: 1)
CEO: Michael T. Duke
Wal-Mart slipped to No. 2 in the
Fortune 500 in 2011 after holding onto the top spot for two years in a row. The
retailer was forced to aggressively cut prices to reverse its declining same
store sales in the U.S. That helped push revenues up by 6% during 2011, to $447
billion, but it hurt Wal-Mart's bottom line -- profits declined by 4.6% during
the year, to $15.7 billion.
The world's largest retailer has
struggled to maintain growth at its U.S. stores, even as the economy has shown
signs of recovery. Although the unemployment rate has fallen, the housing
market remains unstable and consumer spending hasn't reflected a new attitude
for many Americans.
Wal-Mart's international business
continues to be a source of growth for the company -- revenues outside the U.S.
rose by 13.1% last year, to $35.5 billion. But one key growth market for
Wal-Mart, Mexico, recently hit a major roadblock after a sweeping New York
Times story reported bribery allegations by the retailer there.
Key financials $
millions % change from 2010
Revenues 446,950.0
6.0
Profits 15,699.0 -4.2
Assets 193,406.0 —
Stockholders' equity 71,315.0
—
Market value (3/29/2012) 207,064.0
—
Earnings per share 2011 $ 4.52
Industry: General Merchandisers
3.
Chevron : Rank: 3 (Previous rank: 3)
CEO: John S. Watson
Chevron ended 2011 on a sour
note: Despite rising oil prices, the company posted its biggest profit decline
in two years, largely due to losses at its U.S. refinery business. Still, the
second-largest oil and gas company in the U.S. managed to post a 25% increase
in revenues during the full year, to $245.6 billion, and an impressive 41% jump
in profits, to $26.9 billion. Chevron is spending heavily on oil and gas
projects in places like Australia, Africa, and the Gulf of Mexico -- projects
that are expected to start paying off in 2014.
Chevron also continues to keep
its lawyers gainfully employed. In addition to multiple ongoing legal battles,
including a longstanding one in Ecuador, Chevron is now fighting an $11 billion
suit brought against it for an oil spill late last year in Brazil. It's also
still cleaning up after a natural gas rig in Nigeria exploded earlier this
year.
Key financials $
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
—
Market value (3/29/2012) 211,238.9
—
Earnings per share : 2011 $ 13.44
Industry: Petroleum Refining
4.
ConocoPhillips : Rank: 4 (Previous rank: 4)
CEO: Ryan M. Lance
Big Oil may be getting a little
smaller. ConocoPhillips surprised many on Wall Street last year when it
announced plans to break up into two publicly traded companies, one focused on
exploration and production and another on refineries and marketing, called
Phillips 66. The spin-off happened on April 30. Conoco officials hope the
break-up will help it compete better internationally and unlock value by
attracting more investors.
This Fortune 500 list was based
on 2011 results, so the new changes for ConocoPhillips shareholders aren't
reflected here. If they were, we'd see Phillips 66 in the No. 4 spot instead of
the parent company, ConocoPhillips. The spin-off represents about 80% of the
original company's total 2011 revenue -- that still puts it ahead of the next
company on this list, General Motors.
Key financials $
millions : % change from 2010
Revenues 237,272.0
28.3
Profits 12,436.0 9.5
Assets 153,230.0 —
Stockholders' equity 65,224.0
—
Market value (3/29/2012) 97,000.7
—
Earnings per share : 2011 $ 8.97
Industry: Petroleum Refining
5.
General Motors : Rank: 5
(Previous rank: 8)
CEO: Daniel F. Akerson
Detroit has staged a comeback,
and so has General Motors. The auto giant jumped three spots in the Fortune
500, from No. 8 in 2010 to No. 5 last year. Just two years after it filed for
bankruptcy and received federal aid, GM posted record profits in 2011. It
earned $9.2 billion, up a whopping 49% from 2010, while revenues rose 11% to
$150.3 billion. GM also reclaimed its title as global sales leader after Toyota
nabbed it from GM in 2008.
No one should be more pleased by
those numbers than GM union workers, who negotiated a profit-sharing program as
part of the company's reorganization. About 47,500 workers received checks
averaging $7,000, up from $4,300 in 2010.
Key financials $
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
—
Market value (3/29/2012) 39,629.4
—
Earnings per share : 2011 $ 4.58
Industry: Motor Vehicles and Parts
6.
General Electric : Rank: 6 (Previous rank: 6)
CEO: Jeffrey R. Immelt
General Electric managed to post
strong earnings growth in 2011, despite a slight drop in revenues. Earnings
rose 21% to $14.2 billion, while sales fell 2.6% to $147.6 billion. Despite
that dip in sales, GE CEO Jeffrey Immelt said the company's performance at the
end of the year bodes well for 2012, as orders picked up in businesses ranging
from energy infrastructure to health care.
Analysts remain focused on GE's
industrial division, which has struggled to grow since the economy fell into
recession. The company reported a record backlog of orders at the end of the
year -- $200 billion, up from $191 billion. Immelt says that gives GE a strong
start to its goal of growing industrial earnings by 10%.
Key financials $
millions : % change
from 2010
Revenues 147,616.0
-2.6
Profits 14,151.0 21.5
Assets 717,242.0 —
Stockholders' equity 116,438.0
—
Market value (3/29/2012) 211,096.1
—
Earnings per share : 2011 $ 1.23
Industry: Diversified Financials
7.
Berkshire Hathaway : Rank: 7 (Previous rank: 7)
CEO: Warren E. Buffett
Berkshire Hathaway had its share
of setbacks in 2011, but CEO Warren Buffett was still able to say that his
company's book value growth handily outperformed the S&P 500. It was the
39th year he was able to make such a claim. Berkshire shareholders, on the
other hand, underperformed the broader market in 2011 with their investment in
the Omaha, Nebraska-based holding company.
Earnings fell by 20.9% at
Berkshire in 2011, thanks in part to high catastrophe losses in its insurance
business and continued sluggishness in its housing-related businesses. Total
revenues rose by 5.5% to $143.7 billion. Buffett called out five businesses for
their particularly strong performance, which he expects will continue to post
profit growth in 2012: BNSF, Iscar, Lubrizol, Marmon Group, and MidAmerican
Energy.
Key financials $
millions : % change : from 2010
Revenues 143,688.0
5.5
Profits 10,254.0 -20.9
Assets 392,647.0 —
Stockholders' equity 164,850.0
—
Market value (3/29/2012) 202,095.1
—
Earnings per share : 2011 $ 6215.00
Industry: Insurance: Property and Casualty (stock)
8.
Fannie Mae : Rank: 8 (Previous rank: 5)
CEO: Michael J. Williams
Last year, Fannie Mae catapulted
from No. 81 on the Fortune 500 to No. 5, thanks to new accounting rules. On
this year's list, the government-controlled mortgage giant slipped to No. 8
after revenues fell by more than 10% to $137.5 billion. Losses for the year
grew to $16.9 billion from $14 billion in 2010.
Fannie Mae continues to be
dragged down by its portfolio of loans dating back to the pre-housing crash
heyday. The lender has borrowed $116 billion from the government so far, and at
the end of last year it sought an additional $4.6 billion to help cover its
operating losses. It's difficult to see a turnaround on the horizon.
Key financials $
millions : % change from 2010
Revenues 137,451.0
-10.6
Profits -16,855.0 N.A.
Assets 3,211,484.0 —
Stockholders' equity -4,624.0
—
Market value (3/29/2012) 344.5
—
Earnings per share : 2011
$ -4.61
Industry: Diversified Financials
9.
Ford Motor : Rank: 9 (Previous rank: 10)
CEO: Alan R. Mulally
Alan Mulally, Ford's chief, is
credited with gracefully navigating the American icon through one of the most
disastrous periods in the U.S. auto industry's history. The former Boeing
executive's most important leadership achievement took place when Ford avoided
bankruptcy, the tarnishing fate that befell rivals General Motors and Chrysler
in 2009. Had Ford been forced to file, the Ford family almost certainly would
have lost their controlling interest. The company's stock has resumed paying a
dividend during Mullaly's tenure and, more importantly, the firm is pumping out
lust-worthy cars again. Profits jumped 208% last year -- growth in league with
the world's oil and tech giants, not other car makers.
Key financials $
millions : % change from 2010
Revenues 136,264.0
5.7
Profits 20,213.0 208.1
Assets 178,348.0 —
Stockholders' equity 15,028.0
—
Market value (3/29/2012) 46,623.7
—
Earnings per share : 2011 $ 4.94
Industry: Motor Vehicles and Parts
10. Hewlett-Packard : Rank:
10 (Previous rank: 11)
CEO: Margaret C. Whitman
The world's largest computer
manufacturer had another shaky year. The company's board ousted CEO Leo
Apotheker after barely a year on the job. The troubled technology giant offered
the top spot to former eBay boss Meg Whitman. (She had been an HP director as
well as a strategic advisor at Kleiner Perkins.)
The move came at a pivotal time
for HP, which is still struggling to find a path forward. In her first decisive
step, Whitman announced the company would combine two of its biggest divisions,
printers and PCs. Whitman is beginning her tenure with a number of other
strategic consolidations across business units as well.
Key financials $
millions : % change from 2010
Revenues 127,245.0
1.0
Profits 7,074.0 -19.3
Assets 129,517.0 —
Stockholders' equity 38,625.0
—
Market value (3/29/2012) 46,487.3
—
Earnings per share : 2011 $ 3.32
Industry: Computers, Office Equipment
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