Wal-Mart replaced Exxon Mobil in US largest 500 companies as Revenue maker
In the annual list of US largest 500 companies, Wal-Mart – a largest retailer claimed 1st rank by earning revenues of 469.2 billion$ at a growth rate of 6% and booked profits at 36% in 2012. Company Wal-Mart has succeeded to maintain the growth even in a sluggish environment in U.S economy. Exxon Mobil – Ranked 1 in 2011 slipped to Rank 2 in 2012 by earning revenues of 449.9 billion$ and 9.3% increase in net income from the previous year 2011.
Ranking of top 10 Companies in US Fortune 500 in 2012
Company Name | Revenues ( in Billions $) |
| Wal-Mart | 469.2 |
| Exxon Mobil | 449.9 |
| Chevron | 233.9 |
| Phillips 66 | 169.6 |
| Berkshire Hathaway | 162.5 |
| Apple | 156.5 |
| General Motors | 152.3 |
| General Electric | 146.9 |
| Valero Energy | 138.3 |
| Ford Motor | 134.3 |
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Month: Current Affairs - May, 2013