Fortune 500 Top 10 companies: Who’s the new No. 1?

Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.

3. Chevron

Ben Margot/AP/File
A Chevron flag flies over the Chevron refinery in Richmond, Calif.

Headquarters: San Ramon, Calif.

Revenue: $233.9 billion

Profit: $26.2 billion

2012 rank: 3

Chevron (once part of John Rockefeller's Standard Oil Co.) is the country’s second-largest oil company and one of the biggest operators of deep-water wells in the Gulf of Mexico. It has also become active in acquiring natural gas drilling rights in the Marcellus Shale formation in Pennsylvania. The company, maintains its No. 3 Fortune 500 ranking by a wide margin. Its profit margin, $26.2 billion, was the second-largest in company history. Chevron earned $26.9 billion in 2011. 

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