Wal-Mart Sitting Pretty on Top of Fortune 500 List

April 25, 2008

This article is included in these additional categories:

CPG & FMCG | Financial Services | Retail & E-Commerce | Telecom

Wal-Mart Stores posted 2007 revenues of $378.8 billion (up 7.9% from 2006) and profits of $12.7 billion, making it yet again the No. 1 corporation in the Fortune 500, Fortune announced.

Wal-Mart is also the biggest employer, employing more people (2 million) than the US armed forces (1.4 million).

Below, the top 10 largest corporations in the US, by revenue:

dma-fortune-500-2008-top-10.jpg

Highlights from the top 10:

  • Exxon Mobil was in the No. 2 position ($372.8 billion in revenue and $40.6 billion in profits) – the fifth straight year (and seven of the last eight) that it led in profits.
  • Chevron moved up one spot to No. 3, with $210.8 billion in revenue and profits of $18.7 billion, and ConocoPhillips held the No. 5 position.
  • AT&T, ranked No. 10, is used by every company on the Fortune 500 list for data and phone connections; one in three Americans uses a cellphone on an AT&T wireless network.

Other key findings, from the Fortune 500:

  • From 2006 to 2007, overall Fortune 500 revenue increased 7.1% to $10.6 trillion; profits decreased 17.8%, to $645.2 billion.
  • By market value, the largest companies were Exxon Mobil, General Electric, Microsoft, AT&T and Procter & Gamble.
  • The fastest-growing companies in profits in 2007 were…
    • AK Steel Holding
    • Qwest Communications
    • Pitney Bowes
    • Williams
    • MeadWestvaco
  • Due to the boom in energy and commodities, Hess, Deere, and AK Steel Holding were among the top 20 performing stocks of 2007. Also included were Apple, Amazon.com, and Gamestop.
  • The states with the most Fortune 500 corporate headquarters:
    • Texas – 58
    • New York – 55
    • California – 52
    • Illinois – 33
    • Ohio – 28

The complete list and related stories appears in the May 5th issue of Fortune and at http://www.fortune.com/500.

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