10. Ford Motor
CEO: Alan R. Mulally
Revenue: 134.3 $Billion
Among facing a challenging economy, CEO Alan R. Mulally elegantly navigated this American icon through one of the most tumultuous periods in the US auto industry. Falling one spot from number 9 in 2012, Ford Motor narrowly avoided bankruptcy in 2009. Profits jumped 208 percent last year.
9. Valero Energy
CEO: William R. Klesse
Revenue: $138.3 Billion
Valero is the world’s largest independent refiner with an impressive 16 refineries and ethanol plants spanning the US, Caribbean, the UK and Canada. The Companies profit margins are tight for the refining industry, but as more gas and oil companies get rid of their refineries, Valero remains the most powerful.
8. General Electric
CEO: Jeffery R. Immelt
Revenue: $146.9 Billion
General Electric is the biggest industrial company in the US. The Company has been feeling the pinch from a slowdown in European and US manufacturing. General Electric must figure out how to gain more profits out of the other sections of business like aviation, and its financing arm GE Capital.
7. General Motors
CEO: Daniel F Akerson
Revenue: $152.3 Billion
The US government is eager to sell its remaining 19 percent stake in General Motors from the auto industry bailout in 2008. With a focus on selling cars abroad, GM roughly has a 15 percent market share in China, and it’s rumored that it will introduce 17 refreshed models in 2013. Despite a decrease of 32 percent in earnings in 2012, the company still stands strong on the top ten list.
6. Apple
CEO: Timothy D. Cook
Revenue: $156.5 Billion
This innovative icon skyrocketed 11 spots and moved into the top 10 in 2012 despite what seem like incessant apologies from CEO Timothy D. Cook about slow service repair times and the exception public failure of Apple’s map app.
5. Berkshire Hathaway
CEO: Warren E. Buffett
Revenue: $162.5 Billion
“CEO Warren Buffett called 2012 a “subpar” year; saying if the market continues to gain this year the benchmark stock index could have its first five-year win ever. Though the Omaha, Neb.-based holding company made no major acquisitions, it started 2013 with a big one: Ketchup! Berkshire teamed up with 3G Capital for a $23 billion acquisition of H.J. Heinz.” – Fortune 500
4. Phillips 66
CEO: Greg C. Garland
Revenue: $169.6 Billion
Phillips 66 has been named as one of the most recognized brands for decades after the first 66-branded gas station opened in Kansas 86 years ago. The company’s $169.5 billion in sales catapulted it to No. 4 on the Fortune 500 on its first year back on the list.
3. Chevron
CEO: John S. Watson
Revenue: $233.9 Billion
Chevron remained steady as No. 3. Chevron’s 2012 earnings are the second highest results in company history, behind 2011 at $26.9 billion. The Company plans to restart business in Brazil, earlier this year Brazil allowed Chevron to resume production off the coast of Rio de Janeiro after being banned, when more than 100,000 gallons of crude seeped into the Atlantic Ocean.
2. Exxon Mobil
CEO: Rex W. Tillerson
Revenue: $440.9 Billion
Exxon Mobil posted the second-highest annual profits in US History, surpassing its own record in 2008. Net income had a 9.3 percent jump, which was only a tad below the Companies 2008 record.
1. Wal-Mart Stores
CEO: Michael T. Duke
Revenue: $469.2 Billion
Previously listed at no. 2, Wal-Mart Stores knocked Exxon Mobil from the no. 1 spot as this gentle giant reclaimed the top spot in the Fortune 500 in 2012. The attraction of frugal shoppers is furthered by the Companies refocus on its slogan, ‘Low prices. Every day. On everything,” and has cemented this discount retailer as a major player in North America. In 2012 sales rose 5.9 percent. US shoppers, make up 62 percent of the chains net sales.
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