News : Business : Wal-Mart Dethrones Exxon on Fortune 500

Wal-Mart Dethrones Exxon on Fortune 500

Monday, 16-Apr-2007 10:13AM EDT
Story from AP. Copyright 2007 by The Associated Press (via ClariNet)

Associated Press/AP Online

NEW YORK - Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two.

With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.

Oil companies have three of the top five spots.

Fortune says Google is among the biggest movers. The online search leader has moved up more than 100 spots to 241.

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