Walmart Retains top position in Fortune 500 list

Posted on:08 Jun 2016 14:27:51

Walmart Retains top position in Fortune 500 list
08 June 2016 Current Affairs: American multinational retail corporation, Walmart is topped the Fortune 500 list for the 4th consecutive year.Rounding out the top 10 in the 62nd annual rankings, based on total revenues for their fiscal years: ExxonMobil, Apple, Berkshire Hathaway, McKesson, UnitedHealth Group, CVS Health,General Motors, Ford Motor and AT&T.

Apple, which was the most profitable company on the list, with $53 billion in profits, was among companies making big moves this year, jumping to No. 3 from No. 5 last year. 

Other movers in the top 25 included Amazon.com (No. 18) and Walgreens (No. 19), which moved into the top 20 from No. 29 and No. 35 last year. And Microsoft (No. 25) made the top 25 for the first time, up from No. 31 last year.

Facebook jumped 85 spots to No. 157, while Netflix leaped 95 spots to No. 379 (from No. 474) and Expedia moved 73 to No. 385. 

More than half of Fortune 500 companies saw sales drop, including No. 1 Walmart, which had a sales decline of 0.7% in 2015. For the entire list, revenues were down 4.2% from 2015.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

27 MAY
NEWS
26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS