The world's largest corporations

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With the high oil prices, oil companies had been climbing up the ladder in the world's richest company. Their profits are much more then other companies.

Exxon Mobil is the world's most profitable company. And as usual, Apple had climbed up the ladder using the iPhone and the iPod touch. And Ford Motor had fallen out of the Top Ten and GM lost money too. While Toyota is riding on the fuel bloom.

Quote"But the big story was oil. Exxon Mobil (No. 2), fueled by high crude prices, was again the most profitable company in the world ($39.5 billion). The refining industry overall represented more than 14% of the Global 500's $21 trillion in total revenue. That rising tide of petrodollars lifted a Chinese company, Sinopec (No. 17), into the top 20 for the first time. But for tech companies like Apple (No. 367), up a phenomenal 125 places on the list, it's still a long way to the top.

Ford Motor (No. 12) fell out of the top ten for the first time in the Global 500's 13-year history. Its revenues shrank 10%, and losses totaled $12.6 billion, making it the losingest company on the list this year. General Motors (No. 5) lost money too.

But Asia's largest company, Toyota (No. 6), moved up two places and saw its profits rise 16% as customers flocked to its fuel-efficient and hybrid cars. If current trends persist, it should surpass GM next year to become the world's largest automaker by revenue.

Via CNN Money

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