Exxon's no longer No. 1, says Fortune

The superlatives have been heaped on Exxon Mobil for so long it’s gotten a bit old: most profitable company with the most revenue quarter after quarter after quarter. Well, it looks like Royal Dutch Shell has topped the behemoth from Irving (although more of its people are in Houston, thank-you-very-much) as the largest company in the world.
Shell brought in $15 billion more in sales than Exxon in the last year and is positioning itself for future growth “… by investing up to $18 billion in a plant in Qatar that would turn natural gas into cleaner-burning diesel fuel. It hopes to bring the Pearl GTL, as the facility is called, online by 2010…”
This may come as a bit of surprise to some, since Exxon has been lauded for keeping a steady hand during the ups-and-downs of the oil markets and for ignoring what many have seen as the whims of the green energy boom (and bust). But maybe this is one time where playing it safe isn’t necessarily the foolproof plan.
There’s no sadness among the folks at Exxon, however. It’s still No. 1 in the U.S.-only Fortune 500 and still the most profitable company globally. Investors kind of like profits and dividends last we checked.
Here’s their interview with the relatively new CEO at Shell, who’s been rattling a few cages since coming on.