Global 500 rank: 7 (Previous rank: 6)
2006 Revenues (millions): $200,567
Headquarters: San Ramon, CA
Country: U.S.
Get quote: CVX
First, Chevron merged with Texaco in 2001. Then last year, it completed a merger with Unocal. Now it's firmly established as the second-biggest oil company in the U.S. Thanks to the merger, profits were up 21.6% to $17.1 billion. Revenues were up 6%, in part due to fresh production from new projects in Angola, Kazakhstan, Nigeria, the Gulf of Mexico, and Australia.
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7. Chevron
|  Old-economy outfits top Fortune's annual Global 500 list, thanks to rising oil prices and a slew of mergers that drove record profits. (more)  Exxon Mobil leads our list of top earners this year. Which other companies are among the most profitable on the planet? (more)  Which automaker lost a whopping $12.6 billion last year? And just how far into the red are stalwarts like Goodyear and Tyson Foods? (more) |
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