News Column

Walmart Retakes Top Slot on Fortune 500

May 6, 2013
Walmart store

Retail chain Walmart retook its spot at the top of the Fortune 500 list of the largest U.S.companies, the magazine said Monday.

Fortune said Walmart, which had slipped to No. 2 behind Exxon Mobile, was able to "refocus on low prices" and attracted "frugal customers."

Revenue at Walmart reached $469.2 billion in 2012, topping Exxon Mobile, which came in at No. 2 with revenues of $449.9 billion

The top five included Chevron, Phillips 66 and investment firm Berkshire Hathaway.

Apple reached No. 6 while breaking into the top 10 for the first time.

Also in the top 10: General Motors, General Electric, Valero Energy and Ford Motor Co.

The magazine said Facebook had arrived, making it onto the list in 2012 with revenues of $5.1 billion, which put it at No. 482 on the list.




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Source: Copyright UPI 2013


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