With annual revenues and profits sky rocketing, we put forward the list of top 10 fortune 500 companies 2012. These are the brands that have worked through to keep up to their business tactics while providing services throughout the globe. High prices at the pump translated into great results for energy companies like Exxon Mobil, which topped the Fortune 500 with $452,926.00 million in revenues. Read further into the list to know the names that have been credited as the top 10 fortune 500 companies 2012.
Top Ten Fortune 500 Companies 2012
The record of top ten fortune 500 companies 2012 mentions the names from the corporate world with their annual revenues and profits.
1. Exxon Mobil
With a total profit of $41060 million for 2012, the American multinational Oil and Gas Corporation, Exxon, has surpassed all of its big oil competitors. t is a direct descendant of John D. Rockefeller’s Standard Oil Company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. The company has generated $452,926.00 million revenues and is the world’s largest company by revenue and one of the largest publicly traded companies by market capitalization.
2. Wal-Mart Stores
Wal-Mart’s international business continues to be a source of growth for the company with $446,950.00 million revenue and profit of $15,699.00 million during the year, 2012. This American multinational retail corporation has earned a name for being the world’s largest retailer that runs chains of large discount department stores and warehouse stores. Wal-Mart has 8,500 stores in 15 countries, under 55 different names and is highly successful in its business.
The second largest energy corporation in America, Chevron managed to post a 25% increase in revenues during the year 2012 with profits of $26,895.00 million. Chevron is spending heavily on oil and gas projects in places like Australia, Africa, and the Gulf of Mexico. The corporation was named the 16th largest public company in the world by Forbes Global 2000 and is one of the world’s six “super major” oil companies for the last five years.
With well planned strategies, ConocoPhillips drilled 150 new oil wells in 2012 in its Eagle Ford project in southern Texas and anticipated hitting peak production of some 65,000 barrels per day in 2013. It is the world’s largest independent pure-play exploration & production company with revenues of $237,272.00 million and profits of $12,436.00 million. On April 11, 2007, it became the first U.S. oil company to join the U.S. Climate Action Partnership, an alliance of big business and environmental groups.
5. General Motors
General Motors, the American multinational automotive corporation jumped three spots in the Fortune 500, from No. 8 in 2010 to No. 5 in 2012 with a profit and revenue of $9,190.00 million and $ 150,276.00 respectively. The conglomerate is among the world’s largest automakers by vehicle unit sales, employing 202,000 people and doing business in some 157 countries. In total, General Motors currently owns 18 automobile brands acts in most countries outside the USA via direct subsidiaries.
6. General Electric
In 2012, General Electric was ranked among the Fortune 500 as the 6th-largest firm in the U.S. by gross revenue as well as profit. Operating through four segments, the company has generated revenue of $147,616.00 along with $14,151.00 profit. Since over half of GE’s revenue is derived from financial services, it is arguably a financial company with a manufacturing arm. It is also one of the largest lenders in countries other than the United States, such as Japan.
7. Berkshire Hathaway
Due to the perceptive leadership of its CEO, Berkshire Hathaway has earned the name of being the most admired companies. By employing large amount of capital and minimal debt, the company averaged an annual growth of 20.3% to its shareholders for the last 44 years. In the financial year 2012, Berkshire Hathaway saw $143,688.00 million revenue and $10,254.00 profit. Its core insurance subsidiaries include GEICO, National Indemnity, and reinsurance giant General Re.
The Federal National Mortgage Association, commonly known as Fannie Mae is America’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was founded in 1938 and since then has been expanding the secondary mortgage market by securitizing mortgages in the form of mortgage-backed securities. In the fiscal year, 2012 the company generated revenue worth $137,451.00 million along with profit of $ 16,855.00 million.
Riding on strong sales of the Fiesta and a redesigned Taurus, Ford turned in its best annual profit since 1999. Even during 2012, American multinational automaker did not cease to climb the leader of success with profits of $20,213.00 million and revenue of $136,264.00. The company sells automobiles and commercial vehicles under the Ford brand and luxury cars under the Lincoln brand.
10. Hewlett Packard
The world’s largest computer manufacturer, Hewlett Packard is the tenth top 10 fortune 500 companies 2012 with revenue worth $127,245.00 with a profit of $ 7,074.00. HP is the world’s leading PC manufacturer and has been since 2007 fending off a challenge by Chinese manufacture Lenovo according to Gartner. It specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services.