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Thursday, January 20, 2011

Top 10 Companies 2010

Fortune 500 companies aren't suffering the losses that smaller businesses are, but their recovery from the economic downtown is definitely underway. Not surprisingly, Walmart ranks highest with $408,214 million in revenue (Target suffered a $2.5 decline in revenue)

Exxon Mobile and Chevron were next on the Fortune 500 list. Exxon earned $284,650 million compared to Chevron's $163,527 million. The list warns of Chevron's upcoming pitfalls and states drilling restrictions may soon knock them down the list in the future.

General Electric may have ranked fourth on the list for their current energy methods but they are vigorously attacking "green" technology and making strides to being a leader in green energy sources. Walmart's marketing campaigns for its new green policies apparently boosted sales as well, but critics aren't fully convinced. The Fortune 500 list proves being green, sadly, doesn't make a difference right now.

Bank of America, the bank that is largely responsible for hundreds of thousands of foreclosed homes is ranked fifth with $150,450 million in revenue. Why a few of those millions couldn't be devoted to modifying ailing homeowners is a mystery. The company did however, payback its TARP funds.

Another oil company ConocoPhillips is on the list. Ranked sixth, the Texas-based company had $139,515 in revenue. At&t is next on the list but experts see a decline on the way. Rumors of the iPhone getting coverage from Verizon will most surely offer big financial blows to Fortune 500 company.

Ford Motor, J.P. Morgan & Chase and Hewlett-Packard are the Fortune 500's last three on the top 10 list. All three companies made between $118 to $115 million. J.P. Morgan and Ford were both companies that watched their competition slide dramatically down the list. Hewlett-Packard has to thank its expansion from solely high printer sales to software and computers.

Written by Amy Munday

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