IBM has reported declining revenue in 30 quarters over the past decade, and it's financial-strength score in the ranking slipped this year. But the company recorded the eighth-highest innovation score since the ranking process began in 2012. IBM abandons patent applications at a higher rate than others, a sign of its commitment to move past obsolete technology. On the down side, it has been a tumultuous year for Occidental Petroleum Corp., which fell off the Top 250 list entirely this year -- from No. Occidental has been saddled with debt following its $38 billion deal to buy rival Anadarko Petroleum Corp. last year.

Source: Wall Street Journal December 12, 2020 15:11 UTC