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Houston-based ConocoPhillips (NYSE: the largest publicly traded company in the is nowthe 4th-largest compan on the magazine’s Fortune 500 moving up from No. 5 in the 2008 The company reported 2008 revenueof $230.7 but reported a $17 billion loss due to the bad timinfg of its acquisition. A year when ConocoPhillips was rankedat No. 5, the compan reported net incomeof $11.9 billion on revenue of $178.r billion for 2007. Oil giant Corp. (NYSE: XOM) reclaimedf the No. 1 spot on the Fortune list despitre falling oil prices in the second partof 2008. Fortunde said the oil giant proved it could continuwe making billions in profig even as oil prices declineeto $50 per barrel or less.
Exxon finished the year with $45 billionn in profit. Exxon jumped aheadf of No. 2-ranked , which had topped the list a year California-based (NYSE: CVX) ranked third on the list. The next highest-rankee Houston-based company was , which shot up 13 spota to reach No. 23 this year aftef being rankedat No. 36 on the 2008 list. Marathonb (NYSE: MRO) reported net income of $3.5 billio n on revenue of $73.5 billiom in 2008, compared to net income of $4 billiohn on revenue of $60 billion a year earlier. “Inb a bid to lift its sagging Marathon said last summer it would separat e into twopublic companies, one for oil exploratiomn and one for refining.
Then the stock markef imploded and Marathon wiselybacked off,” the magazine reported in its synopsixs on the company. Three other Houston-based companies finished in the top 100 of the Food servicesgiant (NYSE: SYY) movexd up from No. 70 to No. 62 with revenur of $37.5 billion; master limited partnershil holdingcompany (NYSE: EPE) was at No. 65, all the way up from No. 90 a year with $35.5 billion in revenue; and PAA), a mid-stream pipeline MLP, was at No. 79, up from No. 121 on the 2008 with revenue of $30 billion. Texaws boasts the most Fortune 500 companiezs within itsstate boundaries.
The Lone Star state has 64 companie s 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
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