Exxon Mobil Tops the Fortune 500
April 19, 2009 by Stephen Kersey
Filed under Business
In both 2007 and 2008, Wal-Mart was on top of the Fortune 500, while Exxon Mobil finished in second place. For 2009, Exxon Mobil leapfrogged Wal-Mart and is now first while Wal-Mart finished in the second slot.
The Fortune 500 is released by Fortune magazine on a yearly basis and it lists the 500 richest corporations in the United States by using gross revenue as the measure. This year, Exxon Mobile topped the list with more than $440 billion in revenue. Wal-Mart was second with revenue of more than $405 billion.
Overall, the national economic woes was felt in the Fortune 500 rankings. The magazine reported that the earnings of the companies on the list fell by more than 80%. According to Fortune, that is the largest drop in a single year since it began putting together the rankings.
The top five on the Fortune 500 were rounded out by Chevron at three, ConocoPhillips at four and General Electric at five.
Exxon Mobil racking in the billions (Image: Flickr)
