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1. Royal Dutch Shell
Up two spots from last year's global list, Royal Dutch Shell raked in $15 billion more in sales than Exxon Mobil. And as Europe's largest oil producer, it doesn't look to be slowing down: Shell has made a bold move 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 and expects it to produce enough fuel to fill more than 160,000 cars per day. -- By Alyssa Abkowitz and Scott Cendrowski