Wal-Mart Stores takes back top spot in Fortune 500

Published May 7, 2013
The Arkansas-based company posted revenue of $469.2 billion for 2012. —Photo (File) AP
The Arkansas-based company posted revenue of $469.2 billion for 2012. —Photo (File) AP

NEW YORK: Wal-Mart Stores Inc. is once again leading Fortune's list of the 500 biggest US companies by revenue, as the world's biggest retailer succeeded in posting strong growth despite a challenging economy for its shoppers.

The Arkansas-based company posted revenue of $469.2 billion for 2012.

Exxon Mobil drops back to No. 2, but energy companies continue to dominate the list with Chevron, Valero Energy and ConocoPhillips' spin-off Phillips 66 all making the Top 10.

General Motors and Ford Motor both slipped in the annual ranking but remain near the top, in the company of General Electric and Warren Buffett's industrial conglomerate Berkshire Hathaway.

Apple has jumped 11 spots to crack the Top 10 for the first time, landing at No. 6, while Facebook debuted at No. 482.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Merging for what?

Merging for what?

The concern is that if the government is thinking of cutting costs through the merger, we might even lose the functionality levels we currently have.

Editorial

Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...
Reserved seats
Updated 15 May, 2024

Reserved seats

The ECP's decisions and actions clearly need to be reviewed in light of the country’s laws.
Secretive state
15 May, 2024

Secretive state

THERE is a fresh push by the state to stamp out all criticism by using the alibi of protecting national interests....
Plague of rape
15 May, 2024

Plague of rape

FLAWED narratives about women — from being weak and vulnerable to provocative and culpable — have led to...