Huge revenues has propelled Wal-Mart Stores Inc. to the top of the 2007 Fortune Global 500 list, and pushed aside Exxon Mobil Corp. to the No. 2 spot on the magazine's annual ranking of global largest 500 companies.
The list, which was released Wednesday and will be published in Fortune's July 23 issue, pegs Wal-Mart's 2006 revenue at about 351 billion U.S. dollars, with profits of 11.2 billion.
Exxon Mobil made a profit of about 39.5 billion dollars on revenue of 347 billion.
The Fortune ranking is based on revenues, and six of the top 10 companies on the list came from the oil industry due to the skyrocketing energy prices.
Rounding out the top 10 on the list were Royal Dutch Shell; BP; General Motors; Toyota Motor Co.; Chevron Corp; Daimler Chrysler; ConocoPhillips and Total.
In terms of profitability among the 500 firms, Exxon Mobil was at the top, followed by Royal Dutch Shell (25.4 billion dollars); UAL (22.9 billion dollars) and BP (22 billion dollars).
Source: Xinhua
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