2009 Fortune 500: Who’s no. 3

JB’s comments about Chevron show that he does not understand the industry. Companies like Exxon and Chevron don’t invest based on where the oil market is today, any more than they did when it was $140/bbl. They invest for the long run. If you wait to invest when prices are up, so are costs. A steady hand at the keel is what keeps those companies on top in good times and bad. And you can’t say they made all their money because prices were up last year, otherwise all oil companies would dominate the top ten. No O’Reilly doesn’t know anything about prices that OPEC doesn’t know, but clearly he knows how to run that business.

I am intrested in knowing how does GM still remain in 6th place over Ford? Is there not any consideration Ford hasn’t taken a dime in “bail-out”

I have read through all comments.The only ones that make sense are the ones that have some basic understanding of the economics and profitability as it relates to the corporate function. This a company that is enveyed for its sound management principals, and corporate planning. It involves itself in exploration and development, purchases crude at the best price it can,ships it, refines it and delivers it to its stations for purchase and dispensing. To do this, it must invest billions. It’s return on capital employed is less then manufacturing, and far less than some other business sectors. Quit complaining..take a course in Economics 101. This is free enterprise..capitalist economy..or is it big government socialism that you want!

“OReilly evidently knows something that OPEC does not”.

Thats a bit harsh, eh JB?
Two words; Big Picture.

Costs are low too. Make hay while you can get Sun at a discount

Chevron is a very fine company to work for. I started out as a financial clerk, fresh out of college, and retired 25 years later as a manager. The company promotes from within. Also, their products are outstanding. From more than one or two mechanics, I have been told to use only Chevron gasoline because of its additives. I do anyway and keep cars beyond 20 years and still have no engine or gasoline related problems. Chevron deserves its high rating in the 500’s.

What do you think of the No. 3 company on the Fortune 500 list this year? Should they be in the top 5?

Have you worked for the company, or bought its products?

Has the recession affected your opinion of big companies?