ExxonMobil Reclaims No. 1 Fortune 500 Ranking
NATIONAL REPORT -- ExxonMobil Corp. is No. 1. The oil giant topped the just-released Fortune 500 list.
The annual list ranks the Top 500 companies in terms in revenues. The oil giant brought in $452 billion in revenues during the past year, taking back the top spot from Walmart Stores, which achieved nearly $447 billion in revenues.
"Exxon has certainly benefited from rising oil prices, particularly during the last quarter of 2011," wrote Fortune. "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."
Two other convenience store industry companies made the Top 5. Chevron Corp. finished at No. 3 with $246 billion in revenues and ConocoPhillips, which last week spun off its Phillips 66 downstream division, placed fifth with $237 billion in revenues.
Several other c-store industry companies joined the list. Tesoro LP placed at No. 101; Western Refining Inc. earned the 285th slot; TravelCenters of America LLC came in at 329; Core-Mark Holding Co. Inc. placed at No. 393; and Susser Holdings Corp. earned the 486th slot.
Also just released was Barron's 500 America's Best Companies, which uses much different criteria to judge corporations. According to the newspaper, companies are ranked by "Credit Suisse's HOLT on the basis of changes in sales and return on cash flow. The ranking indicates which companies have done best and worst over the past few years at growing their businesses and deploying their cash flow."
In the newspaper's rankings, ExxonMobil ranked 190th. It was outpaced by six c-store-related companies. Delek U.S. Holdings took the top spot among those serving the c-store industry. It ranked 88th. Alon USA Energy placed 91st; Tesoro came in at No. 98; Chevron finished at 109; Casey's General Stores Inc. earned the No. 115 slot; Susser ranked 123rd; Marathon Petroleum Corp. grabbed the 150th position; Valero Corp. finished at 160; TravelCenters of America ranked 181st; ConocoPhillips placed 257th; Core-Mark achieved the 376th spot and The Pantry Inc. came in at No. 493.
Placing first on Barron's list was fertilizer company CF Industries Holdings, followed by Apple Inc.