What the 7 Fastest-Shrinking US Companies Have in Common

In a word: oil
By Jenn Gidman,  Newser Staff
Posted Oct 6, 2016 12:10 PM CDT
In this Oct. 8, 2012, file photo, the Exxon Mobil refinery in Torrance, Calif., is seen.   (AP Photo/Reed Saxon, File)

(Newser) – It's not terribly common for companies to see revenue drop by double-digit percentages, but in coming up with entries for its list of America's fastest-shrinking companies, 24/7 Wall St. found that sometimes the plunges came fast and furious, with revenue for a few companies falling more than one-third in just three years. The site picked out the S&P 500 companies that suffered the most from fiscal 2012 to fiscal 2015, and they share one similarity: They're all oil companies. The seven with the most drastic three-year declines:

  1. Apache, -61.4%
  2. Marathon Oil Corporation, -53.3%
  3. ConocoPhillips, -49.7%
  4. Phillips 66, -48.7%
  5. Hess, -45.7%
  6. Chevron Corporation, -44.9%
  7. Exxon Mobil Corporation, -43.5%
Check out 24/7 Wall St. for more companies that made the cut. (Or the five worst car brands in the US.)

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