SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Giant retailer Wal-Mart replaced energy titan ExxonMobil as the biggest revenue maker on the annual list of Fortune magazine 500 largest US companies. Exxon and Wal-Mart have traded the top two positions repeatedly in recent years. This year marks the 9th time Wal-Mart has topped the list. Wal-mart posted $469.2 billion in revenues, or $19.3 billion more than Exxon, which in turn posted profits of $44.9 billion, dwarfing the retailer’s $17.0 billion. The combined earnings of the Fortune 500 came in at $820 billion in 2012, slipping from the all-time high of US$824.5 billion in 2011.
Read more on Rappler
Walmart Los Angeles CA image via Shutterstock
Add a comment
How does this make you feel?
There are no comments yet. Add your comment to start the conversation.