What are America's 10 Largest Corporations?

This hub highlights America's top 10 corporations as ranked by Fortune Magazine.

  1. Wal-Mart Stores
  2. Exxon Mobil
  3. Chevron
  4. Conoco Phillips
  5. Fannie Mae
  6. General Electric
  7. Berkshire Hathaway
  8. General Motors
  9. Bank of America Corp.
  10. Ford Motor


Wal-Mart Stores

Wal-Mart Stores ranked first as America's largest corporation in 2011. An all-purpose discount superstore, Wal-Mart reported total revenues of just under $422 billion and nearly $16.5 billion in profits.

Exxon Mobil

Exxon Mobil ranked second as America's largest corporations in 2011 as ranked in the Fortune 500. Exxon Mobil is a multinational organization which majors in petroleum and petroleum based products. This petroleum-based company ranks first among America's oil corporations. As reported by Fortune magazine, Exxon Mobil recorded total revenues of nearly $354 billion and profits of over $30 billion in 2011.

Chevron

Chevron Oil Corporation is America's 3rd largest corporation and 2nd largest oil company. Like Exxon Mobil, Chevron majors in petroleum and petroleum-based products. In 2011, this large oil company reported over total revenues of $196 billion and profits of over $19 billion.

Conoco Phillips

Conoco Phillips is an other oil company that majors in petroleum and petroleum-based products. In 2011, Fortune Magazine rated Conoco Phillips as America's fourth largest corporation. For 2011, Fortune Magazine reported this company's revenues and profits as just under $190 billion and nearly $11.5, respectively.

Fannie Mae

Fannie Mae was ranked as America's 5th largest corporation in 2011. Fannie Mae is a government-sponsored organization that exists to serve potential homeowners. Their mission is to "ensure that working families have access to mortgage credit to buy homes they can afford over the long term." In 2011, Fannie Mae reported nearly $154 billion in revenues and a loss of $14 billion.

General Electric

General Electric ranked 6th among America's largest corporations in 2011. A multinational conglomerate GE majors in infrastructure, finance, and media. In 2011, GE reported total revenues of just under $152 billion and $12 billion in profits.

Warren Buffet

Berkshire Hathaway

Berkshire Hathaway is an investment firm led by famed investor Warren Buffet. In 2011, Berkshire Hathaway ranked 7th in Fortune 500's 10 largest American corporations. Warren Buffet's latest investment was in the insurance firm, GEICO. For 2011, Berkshire Hathaway recorded over $136 billion in total revenue and nearly $13 billion in profits.

General Motors

General Motors was ranked 8th by Fortune Magazine among America's 10 largest corporations in 2011. General Motors is best known as America's largest automobile manufacturer. In 2009, GM filed chapter 11 and was taken over by the American government until it could restructure. In 2011, GM recorded $135.5 billion in total revenues and $6.5 billion in total profits.

Bank of America Corporation

Bank of America ranked 9th as America's 10 largest corporations as reported within the Fortune 500.Obviously by the name, Bank of America, which ranked as America's largest commercial bank, majored in commercial banking and financial investing. In 2011, BofA struggled due to relatively recent acquisitions of CountryWide Home Mortgage company Merrill-Lynch. America's largest commercial bank recorded revenues of $134 billion and losses of just over $2 billion.

Ford Motor

Ford Motor ranked 10th of America's top 10 largest corporations in 2011. Ford Motor ranked as America's second largest automobile manufacturer and thus majors in automobile manufacturing. The company that did not benefit from gutting consumers with higher oil prices nor did it rely on government bail outs, but continued to claw forward on its own devices. In 2011, Fortune Magazine reported Ford Motor's total revenues at $129 billion and total profits at $6.5.

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Comments 8 comments

The Rising Glory profile image

The Rising Glory 4 years ago from California

You really don't state the purpose of your HUB, but it seems very devoid of the understanding of life. By that I would reference your statement, "...top oil corporations continued to rake in major profits and grow in 2011 even as individual consumers struggled to pay their mortgages and find cash to fill their gas tanks..."

What does one have to do with the other? Because people can't make their mortgage payment a company should forgo making a profit? How idiotic is that? The purpose a business goes into business is to make money. They are not social endeavors.

The vast majority of people who can't make their mortgages are those who bought houses they couldn't afford through the social programs administered through Freddie and Fannie that you referenced. If someone bought a house they can't afford why should a successful company forsake profits in order to share in the misery?

Walmart, one of the most successful businesses ever, has helped many struggling families because they provide items much cheaper then other companies. Yet, they should be penalized because they have done business well?

Ford Motor made it, for the most part, on it's own as opposed to GM that was taken over at the taxpayers expense. Instead of demonizing these successful companies why not buy shares of their stocks and enjoy the benefits of their success. Many of the ones you mentioned pay nice dividends to those who invest in their success.

At the same time, don't fool yourself, GE is bankrupt and doesn't know it. If the Euro fails you will see the fall of this giant. Should they be bailed out, no! Business should rise and fall on the decisions they make just as individuals!

Sorry, I think this HUB is dopy.


ecoggins profile image

ecoggins 4 years ago from Corona, California Author

The Rising Glory, I appreciate and accept your strong and candid opinion. You make excellent points. I mean that sincerely.

I do not think it is wrong for companies to make a fair profit. However, there are certain staples that members of society need to survive in the current global economy and oil and gas are one of them. I think organizations have a responsibility to look at the big picture beyond their corporate coffers to see how their decisions adversely affect local economies especially in developing areas or countries. Sure they create jobs for a relatively few who spend into the economy. However, a number of factories in places like Cambodia and other places have closed and laid off large amounts of workers because Americans are now overspending on housing(the fault of the both those who accepted the loans they could not afford and those who offered them to obviously under qualified clients) and other staples like gas and food (the later prices driven up by the overprice of oil) and thus have less discretionary money to spend on other products that would spur the economy. This problem does not merely affect the US economy but economies in other areas of the world. Since the housing bubble in 2008-2009, women and even some men in these less developed areas have been laid off and forced to turn to the sex trade to support their families. More than a few who have not been laid off have been forced to quit their jobs because they cannot afford the price of gasoline to get there. Too bad so sad I guess.

Sure, you can blame the price on over taxation by the government, but oil companies are still recording record profits. It seems to me they could help the reeling U.S. and world economies by scaling back their prices a bit.

Before you paint me as a pink-o communist socialist, I am not for bigger government or more government oversight. I think government exists to provide the atmosphere for all citizens within their boarders to have the opportunity to thrive and succeed at their optimum levels. I do not think the government bears the responsibility to make it happen for every citizen nor am I for artificial redistribution of wealth. I believe in equality of opportunity only. So as you say, let the market take care of it.

As to allowing GE to fail, good I think you're right. I guess then you would agree that the government should not have stepped in to save the major banks and if BofA was to fail in the coming days or years, they should not be bailed out either. That is a fair case to make. If the market should dictate who survives and who doesn't then those institutions that make bad investments should pay the price for the failure of those investments. So be it. I am not sure where that would have left the price of your stocks which I am sure you are glad to lose

as dictated by the market. That is the risk we take.

I suppose my few shots at the oil companies were dopy, but I lived and watched the struggles of citizens in a developing country for nearly six years. I saw first hand how a young lady would not spend five dollars once a month for a taxi ride to the doctor because she thought doing so would take food from her mother's mouth and thus died prematurely and unnecessarily.

I am not for corporations not making a profit. Nor do I believe they are all evil all the time. Certainly they do a lot of good. I think the oil corporations can scale their prices a bit to lessen the burden for gasoline on the people they serve.


shea duane profile image

shea duane 4 years ago from new jersey

love the cartoon!


ecoggins profile image

ecoggins 4 years ago from Corona, California Author

The Rising Glory, after further deliberation, I think you were right when you wrote that the shots I took were not really related to this hub. My intention before writing the hub was merely to report which 10 companies occupied the top spots in Fortune 500. I just found it glaring that three of the top four were oil companies and that Exxon's profits were nearly 50% higher than next closest company. Anyway, I chose to edit out the cheap shots. Thank you for your insight.

Here the orginal comments for those who are wondering.As the US and global economy continue to struggle, the world's largest corporationss continue to find ways to thrive and grow. Perhaps, more than any other industry, top oil corporations continued to rake in major profits and grow in 2011 even as individual consumers struggled to pay their mortgages and find cash to fill their gas tanks. Perhaps, even more surprisingly Fannie Mae ranked 5th and Bank of America 9th among largest American corporations despite their well-publicized financial struggles and the possible need for more bail out money.


ecoggins profile image

ecoggins 4 years ago from Corona, California Author

Thank you shea duane.


The Rising Glory profile image

The Rising Glory 4 years ago from California

@ecoggins - As a broad base opinion I am not for the tax payer bailing out any company. In my book there is no such thing as "to big to fail." Risk is the birthing place of all reward. Take Exxon as you mentioned. Did you know that Exxon had $25 billion of net cash at the end of 2007 and now, it has net debt of $6 billion? As of this writing you are probably better shorting this stock then buying it. So much for big oil profits.

However, the responsibility of these businesses is not social welfare, but they exist to make a profit and return equity to share holders. In the end, they will rise or fall on their own decisions.

Now, before you think that I don't care about people. My wife and I give 35% of our gross income to various charities. Through my personal direction nearly $100,000.00 was spent this year to start and operate a drug and alcohol rehabilitation center in my town. So my opinions are not because I am an non-feeling get rich at the expense of others person. To me it's about purpose.

As for your review of third world nations (I've been to Kenya five times, Thailand three times, Bangladesh, India two times, Uganda, Moldova, Transnistria, Russia five times, China, and Myanmar) I would have to disagree. The vast majority of the problems within these countries is their own political system, not the success of American corporations. Many (not all) of successful organizations actually do good humanitarian work. The ones who do we should applaud, understanding they are not obligated to.

Look at Bill Gates, one of the richest men in the world. He has given millions of his own fortune to help others. Many in third world nations as he has helped to find cures for HIV.

Fortunately or unfortunately depending on how you look at it, the free market is the best solution. Of course there will be those who abuse and gain at others expense and yes there will be those who fall through the cracks, but that is where local charities/churches can come in and fill the cracks.

Interesting dialog - thanks!


The Rising Glory profile image

The Rising Glory 4 years ago from California

An afterthought: This is what I love about the free market. A few years back we had a bunch of corner video stores all across the country. Little mom and pop shops that rented video movies to their neighborhoods. They usually had 5-10 of the latest hits and you hoped that you could rent your copy.

Then someone got the big idea to come in and make a national store that could stock LOTS of the same movies that no matter when you came in you could get your copy. Blockbuster literally put 100's if not thousands of mom and pop shops out of business. Yet in the process created a lot of jobs.

Then came Netflex and bankrupt Blockbuster. Now Netflex has made some poor decisions and their stock has dropped from over $300 a share to $110 a share.

Business! I love it!


ecoggins profile image

ecoggins 4 years ago from Corona, California Author

The Rising Glory, I am enjoying this conversation and I applaud your charity work. I also applaud you getting out and seeing the rest of the world. No doubt citizens in most struggling countries struggle because of their politcal systems. Yet last year I did a research project that showed how the housing crisis in the US adversely affected not only citizens in their own boarders but the economy in the Cambodia and the rest of the world as we are witnessing in the European meltdown. I agree that good companies give back and recognize that many have. Yet, I have to strongly disagree that businesses do not have the obligation to do so in some way or another. In this instance I guess we will have to agree to disagree.

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