Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second
By M. Morris,  Newser Staff
Posted Apr 21, 2008 4:07 PM CDT
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)
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(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
(Read more Walmart stories.)