SusanCarrollHome.com My Tips, Thoughts and Reviews

The Price of Gas

This morning I read the news and found that WalMart didn’t get the number 1 postion on the Fortune 500 list this year.

Now WalMart not being number 1 was interesting however what was even more interesting was that the top 5 companies were:

1. Exxon Mobil
2. Wal-Mart
3. Chevron
4. ConocoPhillips
5. General Electric

3 of the top 5 were oil companies!

Now being on the Fortune 500 list doesn’t mean they made money. In fact, ConocoPhillips lost almost $17 billion even though its revenues grew nearly 25%.

And ConocoPhillips wasn’t alone since there were 128 companies on the Fortune 500 list that had losses last year.

While I don’t always support big business I think having more than 1/4 of American’s biggest companies losing money is scary.

Don’t you?

To Your Success in these rough times,
Susan