Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


0

Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second

Share

(Newser) – Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports. ChevronTexaco (No. 3) and GM (No. 4) swapped places, and ConocoPhillips again rounded out the top 5.

The rest of the top 10:

  1. General Electric
  2. Ford
  3. Citigroup
  4. Bank of America
  5. AT&T

A sign stands in front of the Wal-Mart Stores Inc. headquarters in Bentonville, Ark., in this Oct. 5, 2007 file photo. Wal-Mart was No. 1 in the 2008 Fortune 500.
A sign stands in front of the Wal-Mart Stores Inc. headquarters in Bentonville, Ark., in this Oct. 5, 2007 file photo. Wal-Mart was No. 1 in the 2008 Fortune 500.   (AP Photo/April L. Brown, file)
BENTONVILLE, Ark., -- Santa trains his helpers at Wal-Mart's Home Office in Bentonville, Ark. Santa Claus will appear at all Wal-Mart stores and supercenters nationwide this Christmas season, offering free photos with Santa.
BENTONVILLE, Ark., -- Santa trains his helpers at Wal-Mart's Home Office in Bentonville, Ark. Santa Claus will appear at all Wal-Mart stores and supercenters nationwide this Christmas season, offering...   (AP Photo)
The outside of a Wal-Mart store in Little Rock, Ark. is seen in this Dec. 26, 2007 file photo. Wal-Mart remained atop the Fortune 500 for 2008, edging out Exxon Mobil for the second straight year.
The outside of a Wal-Mart store in Little Rock, Ark. is seen in this Dec. 26, 2007 file photo. Wal-Mart remained atop the Fortune 500 for 2008, edging out Exxon Mobil for the second straight year.   (AP Photo/Mike Wintroath)
In this Oct. 26, 2006 file photo, an Exxon gas station sign is shown in Dallas.
In this Oct. 26, 2006 file photo, an Exxon gas station sign is shown in Dallas.   (AP Photo/LM Otero, file)
Trucks line up at an Exxon station Friday, Feb. 1, 2008 in Hialeah, Fla. Exxon Mobil Corp. was No. 2 in the 2008 Fortune 500, announced April 21, 2008.
Trucks line up at an Exxon station Friday, Feb. 1, 2008 in Hialeah, Fla. Exxon Mobil Corp. was No. 2 in the 2008 Fortune 500, announced April 21, 2008.   (AP Photo/Wilfredo Lee)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.6.09
Galleon Scandal: Shocked, Shocked by Insider Trading
11.5.09
Rupert Murdoch Is Mad but Cute
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

18 Stories

 Pay Czar Cuts 
 Bonuses, But 
 Boosts Salaries 

Feinberg beefs up base base to help firms retain talent

Oct 28, 09 1:24 AM CDT
(Newser) - Base pay will increase for the majority of top execs in the finance and auto firms supervised by federal pay czar Kenneth Feinberg. Salaries are being bumped up—by hundreds of thousands of dollars in some cases—as bonuses and other perks are slashed. Despite the salary hikes, all 136... More »

MORE ABOUT:
Chrysler • Citigroup • executive compensation • Bank of America • General Motors • AIG • bonuses • executive bonuses • Kenneth Feinberg • pay czar

Pay Czar Slashes Top Salaries at 7 Bailed-Out Firms

175 top earners will see pay cuts averaging 50%

Oct 21, 09 3:53 PM CDT
(Newser) - President Obama’s pay czar will cut compensation for the 25 highest-paid employees at seven companies that took large amounts of government aid. The 175 executives will face salary reductions of 90%, but with other compensation elements added in, the total reductions average 50%. Ken Feinberg also will require the... More »

MORE ABOUT:
Chrysler • Citigroup • executive compensation • Bank of America • General Motors • AIG • compensation • bailout • GMAC • Wall Street bailout • pay czar

(Newser) - Just because top banking executives took home hefty paychecks in recent months doesn't mean they'll get to keep the money, reports Reuters. White House pay czar Kenneth Feinberg declared he has clear authority to "claw back" egregious bonuses already paid out by any bank that received federal TARP money.... More »

MORE ABOUT:
Chrysler • Citigroup • executive compensation • Bank of America • Goldman Sachs • General Motors • bailout • GMAC • American International Group • executive bonuses • Kenneth Feinberg • pay czar

MARKETS

 Financials Propel Dow Up 185 

Big gains for major banks ahead of earnings reports

Jul 13, 09 3:17 PM CDT
(Newser) - Stocks staged a broad rally today as financials soared ahead of earnings reports, the Wall Street Journal reports. Bank of America surged 9%, while Citigroup and JP Morgan Chase rose 6.9%. General Electric, which will also report its second-quarter earnings this week, rose 6.1%. The Dow closed up... More »

MORE ABOUT:
Citigroup • Bank of America • Dow Jones • General Electric • Nasdaq • S&P 500 • JPMorgan Chase

MARKETS

 Oil, Banks Steal 63 From Dow 


May 15, 09 3:13 PM CDT
(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,... More »

MORE ABOUT:
stock market • NASDAQ • Bank of America • New York Stock Exchange • Dow Jones • General Motors • Pfizer • financial sector • S&P 500 • Wal-Mart • oil prices

18 Stories


The complete list
Fortune Magazine

"Wal-Mart is raking in more sales than ever, and 2008 probably won't slow down"
Blogging Stocks


Business 
TwitterFollow @NewserBusiness on Twitter

 
Chevron • ConocoPhillips • Citigroup • Bank of America • General Motors • General Electric • ExxonMobil • Fortune 500 • Ford • Wal-Mart • AT&T

from our news partners