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
7 Fastest-Shrinking Companies in the US
In this Oct. 8, 2012, file photo, the Exxon Mobil refinery in Torrance, Calif., is seen.   (AP Photo/Reed Saxon, File)

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.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.