Wal-Mart tops the Fortune 500
The retailer once again claims the crown as the largest company in America, ranked by revenue.
The retailer tops the new Fortune 500 list, which was released Monday and can be found here. That Wal-Mart made it to the top is hardly surprising. The list has been dominated since 1955 by just three companies: Wal-Mart, General Motors (GM) and Exxon Mobil (XOM).
Wal-Mart has been at the top seven times in the past decade, and nine times overall, but lost the title last year to Exxon Mobil. GM has dropped down on the list -- coming in at No. 7 this year -- but Exxon Mobil holds on to second place.
Fortune says the theme for this year is that "the animal spirits are back," referring to a renewed sense of aggressive behavior with more corporate spinoffs and mergers.
The companies on this year's list aren't quite as profitable as they were in 2011, a record-breaking year. But profits came in just $4 billion short from 2011 to a combined $820 billion. Total revenue rose to $12.06 trillion from $11.75 trillion last year.
Here's the full top 10 list for the Fortune 500:
2. Exxon Mobil
3. Chevron (CVX)
4. Phillips 66 (PSX)
5. Berkshire Hathaway (BRK.A)
6. Apple (AAPL)
7. General Motors
8. General Electric (GE)
9. Valero Energy (VLO)
10. Ford Motor (F)
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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