Thursday, May 5, 2011

Fortune 500 List Revealed

On Thursday, Fortune released their list of the 500 U.S. companies with the highest gross revenue in 2010. According to the results, the top revenue-earning U.S. companies recorded the third-highest increase in combined profits since the list's invention. Big companies, many of which profited from a belt tightening in the form of job cuts and productivity increases, the AP notes, also continued to leave the U.S. behind, expanding more overseas than at home.

Walmart, despite declining sales, remains atop the Fortune 500 list, followed by three oil companies: Exxon Mobil, Chevron and ConocoPhillips, in that order. Also in the top 10 are two financial giants (Fannie Mae and Bank of America), two Detroit stalwart's (General Motors and Ford Motor), Warren Buffett's Berkshire Hathaway and energy company General Electric.

Other companies of note on the list:
26. Procter & Gamble
65. Walt Disney
66. Comcast

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