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Walmart Rules Fortune 500 List

Editors see huge disparity between businesses, ordinary Americans

By John Johnson,  Newser Staff

Posted May 5, 2011 1:10 PM CDT

(Newser) – Turns out, last year was a pretty good one for US businesses. Total revenue for Fortune 500 companies jumped 10.5% to $10.8 trillion, while profits surged 81%. "We've rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans," write the editors at Fortune. Walmart finished on top for the second year in a row, though Exxon had bigger profits:

  1. Walmart: $422 billion in revenue, $16 billion in profits
  2. Exxon Mobil: $355 billion, $30 billion
  3. Chevron: $196 billion, $19 billion
  4. ConocoPhillips: $185 billion, $11 billion
  5. Fannie Mae: $154 billion (Fortune chalks it up to "new accounting rules"), -$14 billion
Click for the full list, which has Ford and Berkshire Hathaway cracking the top 10.

VALLEY STREAM, NY - MARCH 29:  A woman enters a Walmart store on March 29, 2011 in Valley Stream, New The U.S. Supreme Court heard arguments Tuesday on whether more than one million female Walmart employees can pursue a class-action discrimination suit against the retailer. The group of women...
VALLEY STREAM, NY - MARCH 29: A woman enters a Walmart store on March 29, 2011 in Valley Stream, New The U.S. Supreme Court heard arguments Tuesday on whether more than one million female Walmart employees...   (Getty Images)
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COMMENTS
Showing 3 of 5 comments
Griffmaster_01
May 5, 2011 3:59 PM CDT
Conservatives love socialism when it's for the rich.
Fondue
May 5, 2011 2:02 PM CDT
WalMart's profits could create 470,000 jobs that pay $34,000. Granted, spending all of your profits would be unrealistic and I wouldn't ask that of any company.
baalzevuv
May 5, 2011 1:51 PM CDT
It's nice to see such a concise list of companies that are raping you, much like the national sex offender registry.

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