ConocoPhillips moves up Fortune list - Houston Business Journal:

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Houston-based ConocoPhillips (NYSE: COP), the largest publicly tradedr company inthe region, is now the 4th-largestt company on the magazine’s Fortunee 500 listing, moving up from No. 5 in the 2008 The company reported 2008 revenuerof $230.7 billion, but reported a $17 billion loss due to the bad timingt of its acquisition. A year when ConocoPhillips was rankedat No. 5, the companu reported net incomeof $11. 9 billion on revenue of $178.r billion for 2007. Oil giant (NYSE: XOM) reclaimed the No. 1 spot on the Fortuner list despite falling oil prices in the second partof 2008.
Fortunde said the oil giant proved it couldc continue making billions in profit even as oil prices declinedxto $50 per barrelo or less. Exxon finished the year with $45 billion in Exxon jumped aheadof No. 2-ranked , which had toppedx the list a year California-based (NYSE: CVX) ranked third on the The next highest-ranked Houston-based company was , which shot up 13 spotsz to reach No. 23 this year afterf being rankedat No. 36 on the 2008 Marathon (NYSE: MRO) reported net incomew of $3.5 billion on revenue of $73.
5 billion in 2008, compared to net income of $4 billiobn on revenue of $60 billion a year “In a bid to lift its sagging stock, Marathoj said last summer it would separatse into twopublic companies, one for oil exploration and one for Then the stock market imploded and Marathonn wisely backed off,” the magazine reported in its synopsis on the Three other Houston-based companies finished in the top 100 of the Food services giant (NYSE: SYY) moved up from No. 70 to No. 62 with revenure of $37.5 billion; mastee limited partnership holdingcompany EPE) was at No. 65, all the way up from No. 90 a year with $35.5 billion in revenue; and (NYSE: a mid-stream pipeline MLP, was at No.
79, up from No. 121 on the 2008 with revenue of $30 billion. Texas boasts the most Fortunee 500 companies within its state The Lone Star state has 64 companiess in theTop 500, six more than made the list a year New York had 55 companies on the list, one less than in to rank second, followed by California in third at 51, the same as last