Industry: Oil Gas
Fortune Rank: 3
CVX provides administrative, financial and management support for its U.S. & foreign affiliates, which engage in petroleum, chemical and coal mining operations. For the 6 months ended 6/30/05, revenues rose 25% to $89.95B. Net income from cont. ops. decreased 4% to $6.36B. Revenues reflect higher prices for both crude oil and natural gas. Earnings were offset by higher costs for refinery repairs and higher depreciation rates for certain oil fields.
Chevron Corp., formerly ChevronTexaco Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial and management support to the United States and foreign subsidiaries that engage in fully integrated petroleum operations, chemicals operations, coal mining, power and energy services. The Company conducts business activities in the United States and approximately 180 other countries. Petroleum operations consist of exploring for, developing and producing crude oil and natural gas; refining crude oil into finished petroleum products; marketing crude oil, natural gas and the many products derived from petroleum, and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car.
ChevronTexaco Corporation is a Fortune 500 company. In 2010 ChevronTexaco Corporation was ranked number 3 on the Fortune 500 list, making it the 3rd largest company in the United States when judged by revenue.
ChevronTexaco Corporation achieved revenue of $163,527.00 million in 2010 and earned a profit of $10,483.00 million.
ChevronTexaco Corporation remains solid in 3
ChevronTexaco Corporation is one of the minority of companies, who ranking on the Fortune 500 list remained stable in 2010, retaining 3rd position that is achieved in 2009. This identical ranking was based on its 2009 revenue of $263,159 million (a change of -100 million compared to 2010) and profits of $23,931 million (a change of -13 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then ChevronTexaco Corporation would be ranked 14th rather than 3rd due to its profits of $10,483 in 2010.
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* US$ Million
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