Exxon Mobil overtakes Wal-Mart to top Fortune 500
April 19, 2009 - 7:27pmNEW YORK (AP) — Exxon Mobil Corp. unseated Wal-Mart Stores Inc. in the 2009 Fortune 500 list, shrugging off the oil price bubble and weathering what the magazine called the worst year ever for the country's largest publicly traded companies.
Fortune's closely watched list, released Sunday, ranked companies by their revenue in 2008. Irving, Texas-based Exxon took in $442.85 billion in revenue last year, up almost 19 percent from 2007. The company also raked in the biggest annual profit, earning $45.2 billion.
Black Friday Shopping: Contact Sport Gone Wrong
December 4, 2008 - 12:00amIn the wee hours of the morning, while the sun shone brightly on the other half of the world, a couple thousand Long Islanders sat in their cars in silent anticipation. The cars were neatly packed into a dark parking lot, every here and there one illuminated by the eerie glow of a lamppost. The fenders sat a little lower than usual in these first moments of the day after Thanksgiving, as most bellies were still stuffed to unusual dimensions with turkey and pumpkin pie. Floor mats were littered with the pages of a Wal-Mart flyer that had long been committed to the memory of every shopper. Visions of $69 digital cameras and $28 vacuums danced in their heads.
